专业外语第四章习题.doc

专业外语第四章课后作业一、 单词英译汉41transaction; 2. most entities; 3. device; 4. account; 5. T-account; 6. title of the account; 7. dollar; 8. beginning balance; 9. new balance; 10. calculate; 11. cash account; 12. accounting period; 13. ending balance; 14. asset accounts; 15. settle ones account; 16. accounts receivable; 17. record; 18. note payable; 19. debit; 20. credit; 21. credit customer; 22. credit balance; 23. inventory; 24. accuracy. 25. merchant. 26. revenue; 27. net income; 28. ledger; 29. journal. 30. journal entry; 31. merchandise; 32. posting; 33. at least; 34. closing entries; 35. financial statement; 36. calculation; 37. liability account; 38. information; 39. zero balance; 40. temporary account; 41. carry forward; 42. permanent account; 43. expense account; 44. management; 二、句子翻译1. Debit refers to the left side of an account and credit to the right side.2. Transactions are first recorded in a journal. Amounts are then posted to the accounts in a ledger.3. Net income is the increase in retained earnings from operating performance during the period.4. Revenue and expense accounts are temporary accounts. At the end of each accounting period, they are closed to Retained Earnings. The difference between the revenues of a period and the expenses of the period is the net income of the period. These revenues and expenses are reported on the income statement.5. Corporations. A corporation is a business owned by stockholders, or shareholders-people who own stock, or shares of ownership in the business. The corporation is the dominant form of business organization in the United States. Proprietorships and partnerships are more numerous, but corporations transact much more business and are larger in terms of total assets, income and number of employees. Most well-known companies, such as The Gap, General Motors, and American Airlines, are corporations. Their full names include Corporation or incorporated (abbreviated Corp. and Inc.) to indicate that they are corporations-for example, The Gap, inc., and General Motors Corporation. Some corporations bear the name “Company,” such as Ford Motor Company. A proprietorship and a partnership can also bear the name “Company.” A corporation is a business entity formed under state law. From a legal perspective, a corporation is distinct from its owners. The corporation operates as an artificial person that exists apart from its owners. The corporation has many of the rights that a person has. For example, a corporation may buy, own and sell property. Assets and debts in the business belong to the corporation. It may enter into contracts, sue, and be sued. Unlike proprietors and partners, stockholders have no personal obligations for corporation debts. The most that a stockholder can lose on an investment in corporate stock is the cost of the investment. But proprietors and partners are personally liable for the debts of their businesses.三、根据解释填英文会计词汇1._ A valuable item that is owned or controlled by the entity and that was acquired at a measurable cost.2._ A financial statement that reports the assets, liabilities, and equity of a company at one point in time. Assets are listed on the left and liabilities and equity on the right.3._ The right-hand side of an account or an amount entered on the right-hand side of an account.4._ Cash and assets that are expected to be converted into cash or used up in the near future, usually within one year.5._ Obligations that become due within a short period of time, usually one year.6._ The left-hand side of an account or an amount entered on the left-hand side of an account.7._ A business or other organization for which a set of accounts is kept.8._ Goods being held for sale, and material and partially finished products that will be sold upon completion.9._ The increase in owners equity resulting from operations during a period of time, usually from the sale of goods or services.四、综合题1、Classify the following items as an Asset (A), a Liability (L), or an Owners Equity (E):a. Accounts payable ;( ) b. Common stock; ( )c. Receivables ; ( ) d. Retained earnings ; ( )e. Land; ( ) f. Prepaid expenses; ( )g. Cash; ( ) h. Long-term debt; ( )i. Merchandise inventory; ( ) j. Notes payable; ( )k. Accrued expenses payable; ( ) l. Equipment; ( )2、At December 31, 2000, McCullough Water Systems has cash of 13, 000, receivables of 2, 000, and inventory of 25, 000. The companys land, buildings, and equipment total 110, 000, and other assets amount to 10, 000. McCullough owes accounts payable of 8, 000 and short-term notes payable of 12, 000 and also has a long-term debt of 80, 000.Common stock is 15, 000. The general manager of McCullough knows the company has been profitable, but he is unsure about the amount of retained earnings.Prepare McCullough Water Systems balance sheet at December 31, 2000, complete with its appropriate heading.3、A group of ledger for Able Company is given below, with balances as of September 1. You need to create a group of “T-Account” ledger firstly. And then write out the journal entries. Post the transactions for September to “T-Account” ledger, identifying each transaction with its number. Use only the accounts that are named. Close the revenue and expense. Prepare a balance sheet and income statement. transactionamount1.Cash sales602.sales to credit customers5403.received from credit customers