专业外语第六章习题.doc

专业外语第六章课后作业一、 单词英译汉31. cash receipt; 2. payment; 3. expenditure;4. inventory; 5. journal entry; 6. liability account; 7. accounts payable; 8. use up; 9. balance sheet; 10. income statement; 11. accounting period; 12. expired cost; 13. matching concept; 14. net income; 15. recognition; 16. deliver; 17.product; 18. intangible asset; 19. insurance; 20. prepaid insurance; 21. benefit; 22. equipment; 23. depreciation expense; 24. disbursement; 25. employee; 26. accrued liabilities; 27. salary expense; 28. pensions; 29. fringe benefits; 30. retire; 31. loss; 32. law suit; 33. conservatism concept; 34. deed; 35. commission; 36. paid-in capital; 37. sales revenue; 38. cost of sales; 39. gross margin; 40. provision for income taxes; 41. net loss; 42. retained earnings; 43. net income percentage; 44. entity concept; 45. money-measurement concept;46. going-concern concept; 47. materiality concept; 48. bottom line ;49. acquisition cost;二、句子翻译1. Matching concept: Costs associated with the revenues or activities of a period are expenses of the period. 2. The income statement summarizes revenues and expenses of the period. Its “bottom line,” or net income, shows the increase in equity resulting from activities during the period. 3. Dividends are a distribution of earnings to shareholders. Dividends are not expenses. 4. Expenses of a period are (1) cost of the products (i.e., goods and services) that were delivered to customers during the period; (2) other expenditures that benefit operations of the period; and (3) losses, that is, decreases in assets from fire, theft, and other unusual reasons, and increases in liabilities from unusual events, such as lawsuits. 5. The matching principle is the basis for recording expenses. Recall that expenses, such as rent, utilities, and advertising, are the costs of operating a business. Expenses are the costs of assets used up in the earning of revenue. The matching principle directs accountants to perform three activities: (1) identify all expenses incurred during the accounting period; (2) measure the expenses, and (3) match expenses against revenues earned during the same period. To match expenses against revenues means to subtract expenses from revenues in order to compute net income or net loss for the period.三、 综合题1. In February, Able Company agrees to sell an automobile to a customer for $3,000, and the customer makes a down payment of $500 at that time. The cost of the automobile is $2,500. And Able Company purchased a insurance policy for March.In March, the automobile is delivered to the customer. The company used up the insurance protection.In April, the customer pays the remaining $2,500. Required: give the journal entries (if any) that would be made in February, March, and April. FebruaryMarchApril2. Walter Steitz obtained a corporate charter from the state of New York and started a counseling service. During the first month of operations (June 2003), the business completed the following selected transactions:a. Steitz began the business with an investment of $11,000 cash and a building valued at $60,000. The corporation issued common stock to Steitz.b. Borrowed $30,000 from the bank; signed a note payable.c. Purchased office supplies on account, $1,300.d. Paid $18,000 for office furniture. e. Paid employees salaries, $2,200.f. performed counseling service on account for a client, $2,100.g. Paid $800 of the account payable created in Transaction c.h. Received a $600 bill for advertising expense that will be paid in the near future.i. Performed counseling service for clients and received cash, $1,100.j. received cash on account, $1,200.k. Paid the following cash expenses: (1) Rent on land, $700. (2) Utilities, $400.l. Declared and paid dividends of $3,500.Required:1). Set up the following T-accounts: Cash, Accounts Receivable, Office Supplies, Office Furniture, Building, Accounts Payable, Note Payable, Common Stock, Dividends, Serv