会计英语复习资料答案

会计英语期末复习资料答案会计英语复习资料答案一、单词1.accounting会计学2.accountingelements会计要素3.accountingequation会计等式4.assets资产5.liabilities负债6.owner`sequity所有者权益7.revenue收入8.expenses费用9.profits利润10.accountingperiod会计期间11.transaction经济业务/会计事项12.double-entrysystem复式记账法13.debit借方14.credit贷方15.ledger分类账16.chartofaccounts会计科目表17.journal日记账18.currentassets流动资产19.cash现金20.cashequivalents现金等价物21.check支票22.bankdeposits银行存款23.cashinbank银行存款24.moneyorders汇票25.cashonband库存现金26.accountsreceivable应收账款27.allowanceforbaddebts坏账准备28.netrealizablevalue可变现净值29.inventory存货30.finishedgoods产成品31.semi-finishedgoods半成品32.goodsinprocess在产品33.historicalcost历史成本34.specificidentification个别计价法35.first-in,first-out先进先出法36.last-in,first-out后进先出法37.weightedaverage加权平均法38.rawmaterials原材料39.short-terminvestment短期投资40.marketablesecurities有价证券41.shareholder股东42.bonds债券43.debentures债券44.long-termassets长期资产45.fixedassets固定资产46.intangibleassets无形资产47.deferredassets递延资产48.usefullife使用寿命49.depreciation折旧50.depreciableamount应计折旧额51.depreciationmethod折旧方法52.estimatednetresidualvalue预计净残值53.straight-linemethod直线法54.unitsofproductionmethod工作量法55.doubledecliningbalancemethod双倍余额递减法56.sum-of-the-years-digitsmethod年数总和法57.amortization摊销58.impairment减值59.currentliabilities流动负债60.accountspayable应付账款61.notespayable应付票据62.unearnedrevenue预收账款63.incometaxespayable应交所得税64.contingentliabilities或有负债65.long-termliabilities长期负债66.bondspayable应付债券67.ownership所有权68.soleproprietorship独资企业69.partnership合伙企业70.corporation公司71.commonshareholders普通股股东72.preferredshareholders优先股股东73.commonstock普通股74.preferredstock优先股75.dividends股利76.retainedearnings留存收益77.paid-incapital实收资本78.capitalstock股本79.addtionalpaid-incapital附加投入资本80.capitalsurplus资本公积81.undistributedprofit未分配利润82.parvalue面值83.fairvalue公允价值84.reservefund盈余公积85.legalreserve法定盈余86.stocksplit股利分割87.cashdividends现金股利88.stockdividends股票股利89.salesrevenue销售收入90.servicerevenue劳务收入91.productcosts产品成本92.directmaterialcosts直接材料成本93.directlaborcosts直接人工成本94.indirectcosts间接成本95.manufacturingoverhead制造费用96.periodexpenses期间费用97.operatingexpense营业费用98.administrativeexpense管理费用99.financeexpense财务费用100.balancesheet资产负债表101.incomestatement利润表/损益表102.cashflowstatement现金流量表二、填空1.Theaccountingelementsincludeassets,liabilities,owner`sequity,revenue,expenses,andprofits.2.Liabilitiesaredebtsofabusiness.3.Borrowingcashfromabankdoesnotbelongtoassets;itsimplybelongstoliability.4.Profitistheexcessofrevenueoverexpensesfortheaccountingperiod.5.Theaccountingequationis:assets=liabilities+owner`sequity.6.“Dr.”standsfordebits,while“Cr.”istheabbreviationforcredit.7.Liability,owner`sequity,revenueandprofitdecreasesarerecordedasdebits.8.Short-terminvestmentsrefertovariousofmarketablesecurities.9.Marketablesecuritiesincludestockanddebenturestoberealizedwithinoneyearfromthebalancesheetdateandshallbeaccountedforatcost.10.Depreciationreferstothesystematicallocationofthedepreciableamountofafixedassetoveritsusefullife.11.Thefourcommondepreciationmethodsarethestraight-linemethod,theunitsofproductionmethod.12.Thestraight–linemethodshallbeemployedwhenitisassumedthatanasset`seconomicrevenueisthesameeachyear,andtherepairandmaintenancecostisalsothesameforeachperiod.13.Whendepreciationismainlyduetowearandtear,theunitsofproductionmethodareusuallyused.14.Thetwotypesofintangibleassetsarefiniteandindenfiniteintangibles.15.Pleasenamefivemostcommonlyseenintangibles,i.e.,patents,trademarks,copyrights,franchisesandlicenses,internetdomainnamesandconstructionpermit.16.Intangibleassetsdonotincludeinternallygeneratedgoodwill,brandsandpublishingtitles.17.Intangibleassetsshouldbemeasuredinitiallyatcost.18.Forintangibleassetswithfiniteusefullivesenterprisesshallconsidertheiramortizationwhileintangibleassetswithindefiniteusefullivesshallnotbeamortized.19.Theaccountofunearnedrevenueshouldbedecreasedwhentheservicepaidforinadvancehasbeenprovided.20.Theaccountofaccountspayableshouldberecordedwhenthebusinesspurchasedsuppliesoncredit.21.Theaccountofnotespayableusedtoshowwhatthebusinessowesthebank.22.Acorporation`sbalancesheetcontainsassets,liabilities,andshareholders`equity.23.Preferredstockandcommonstockarethetwocommoncapitalstocksissuedbyacorporation.24.Cashdividendsandstockdividendaretheusualformsofdistributiontoshareholders.25.Astockdividendisaproportionaldistributiontoshareholdersofadditionalsharesofthecorporation`scommonorpreferredstocks.26.RetainedEarningsrepresentsthecorporation`saccumulatednetincome,lessaccumulateddividendsandotheramountstransferredtopaid-incapitalaccounts.三、单选1.Matchingeachofthefollowingstatementswithitspoperterm.(1)accountsreceivable(B)(2)dishonorednotesreceivable(C)(3)allowancemethod(A)(4)directwrite-offmethod(D)A.Themethodofaccountingforun-collectibleaccountsthatprovidesanexpenseforun-collectiblereceivablesinadvanceoftheirwrite-off.B.Areceivablecreatedbysellingmerchandiseorserviceoncredit.C.Anotethatmakerfailstopayontheduedate.D.Themethodofaccountingforun-collectibleaccountsthatrecognizestheexpenseonlywhenaccountsarejudgedtobeworthless.2.Attheendofthefiscalyear,accountsreceivablehasabalanceof$100000andallowancefordoubtfulaccountshasabalanceof$7000,Theexpectednetrealizablevalueoftheaccountsreceivableis(B)A.$7000B.$93000C.$100000D.$1070003.Ifmerchandiseinventoryisbeingvaluedatcostandthepricelevelissteadilyrising,themethodofcostingthatwillyieldthehighernetincomeis(B)A.LIFOB.FIFOC.AverageD.Periodic4.Giventhefollowinginformation,whichofthefollowingaccountingtransactionsistrue?(B)Grosspayroll$20000Federalincometaxwithheld$4000Socialsecuritytaxwithheld$1600A.$1600isrecordedassalaryexpense.B.$14400isrecordedassalarypayableC.The$1600deductedforemployeesocialsecuritytaxbelongstothecompanyD.Payrollisanexampleofanestimatedliability5.Ifacorporationhasoutstanding1000sharesof$9cumulativepreferredstockof$100paranddividendshavebeenpassedfortheprecedingthreeyears,whatistheamountofpreferreddividendsthatmustbedeclaredinthecurrentyearbeforeadividendcanbedeclaredoncommonstock?(C)A.$9000B.$27000C.$36000D.$450006.Allofthefollowingarereasonsforpurchasingtreasurystockexceptto(B)A.makeamarketforthestockB.increasethenumberofshareholdersC.increasetheearningspershareandreturnonequityD.giveemployeeascompensation7.Paid-incapitalforacorporationmayarisefromwhichofthefollowingsources?(D)A.IssuingcumulativepreferredstockB.ReceivingdonationsofrealestateC.Sellingthecorporation`streasurystockD.Alloftheabove8.Undertheequitymethod,theinvestmentaccountisdecreasedbyallofthefollowingexcepttheinvestor`sproportionateshareof(B)A.dividendspaidbytheinvesteeB.declinesinthefairvalueoftheinvestmentC.thelossesoftheinvesteeD.alloftheoptions9.Cashdividendsarepaidonthebasisofthenumberofshares(C)A.authorizedB.issuedC.OutstandingD.outstandinglessthenumberoftreasuryshares10.Thestockholders`equitysectionofthebalancesheetmayinclude(D)A.commonstockB.preferredstockC.donatedcapitalD.alloftheabove11.Declarationandissuanceofadividendinstock(D)A.increasesthecurrentratioB.decreasestheamountofworkingcapitalC.decreasestotalstockholders`equityD.hasnoeffectontotalassets,liabilities,orstockholders`equity12.Ifacorporationreacquiresitsownstock,thestockislistedonthebalancesheetinthe(C)A.currentassetssectionB.longtermliabilitysectionC.stockholders`equitysectionD.investmentssection13.Acorporationhasissued25000sharesof$100parcommonstockandholds3000ofthesesharesastreasurystock.Ifthecorporationdeclaresa$2persharecashdividend,whatamountwillberecordedascashdividend?(C)A.$22000B.$25000C.$44000D.$5000014.AcompanydeclaredacashdividendonitscommonstockonDecember15,2004,payableonJanuary12,2005.Howwouldthisdividendaffectshareholders`equityonthefollowingdates?(B)December15,January1220042005A.Decrease.Decrease.B.Noeffect.Noeffect.C.Noeffect.Noeffect.D.Decrease.Decrease.15.Anexampleofacashflowfromanoperatingactivityis(D)A.thereceiptofcashfromissuingstockB.thereceiptofcashfromissuingbondsC.thepaymentofcashfordividendsD.thereceiptofcashfromcustomersonaccount16.Anexampleofacashflowfromaninvestingactivityis(A)A.thereceiptofcashfromthesaleofequipmentB.thereceiptofcashfromissuingbondsC.thepaymentofcashfordividendsD.thepaymentofcashtoacquiretreasurystock17.Anexampleofacashflowfromafinancingactivityis(C)A.thereceiptofcashfromcustomersonaccountB.thereceiptofcashfromthesaleofequipmentC.thepaymentofcashfordividendsD.thepaymentofcashtoacquiremarketablesecurities18.Areceivablecreatedbysellingmerchandiseorservicesoncredit.(A)A.accountsreceivableB.dishonorednotespayableC.allowancemethodD.directwrite-offmethod19.Attheendofthefiscalyear,accountsreceivablehasabalanceof$100000andallowancefordoubtfulaccountshasabalanceof$7000.Theexpectednetrealizablevalueoftheaccountsreceivableis(B)A.$7000B.$93000C.$100000D.$10700020.(B)arevaluableresourcesownedbytheentity.A.LiabilityB.AssetsC.EquityD.Noneofthem21.Whichisintangibleasset(C)A.internallygeneratedgoodwillB.internallygeneratedpublishingtitlesC.franchisesandlicenseD.internallygeneratedbrands22.(A)shallbeemployedwhenitisassumedthatanasset`seconomicrevenueisthesameeachyear,andtherepairandmaintenancecostisalsothesameforeachperiod.A.straight-linemethodB.unitsofproductionmethodC.doubledecliningbalancemethodD.sum-of-the-years-digits(SYD)method四、判断1.Fixedassetsareintangibleassets.(F)2.Internallygeneratedgoodwillcanbeviewedasintangibleassets.(F)3.Landdoesn`tneeddepreciationandisconsideredtohaveaninfinitelife.（T）4.Fixedassetsareusuallysubjectedtodepreciation.(T)5.Bondsandstocksareclassifiedasintangibleassets.(F)6.Oncetheexpectedusefullifeandestimatednetresidualvaluearedetermined,theyshallnotbechangedunderanycircumstances.(F)7.Whenacorporationissuesonetypeofcapitalstocks,commonstocksarealwaysissued.(T)8.Parvalueisstrictlyalegalmatter,anditestablishesthelegalcapitalofacorporation.(T)9.Thebalanceoftheadditionalpaid-incapitalaccountrepresentsagainonthesaleofstocksandincreasesnetincome.(F)10.Acorporationmust,bylaw,payadividendonceayear.(T)11.Dividendsareanexpenseofacorporationandshouldbechargedtotheperiodicincome.(T)12.Revenueincreaseowner`sequity.(T)13.Revenueisrecognizedwhenwereceivecashfromthebuyers.(F)14.Advertisingexpenseisusuallycollectedasperiodexpense.(T)15.Interestrevenueshouldbemeasuredbasedonthelengthoftime.(T)16.Ifrevenueexceedexpensesforthesameaccountingperiod,theentityisdeemedtosufferaloss.(F)17.Asset=liabilities+Expense.(F)18.Liabilitiesaredebtsofabusiness.(T)19.Borrowingcashfromabankbelongstorevenue.(F)20.Increaseinassetisrecordedincreditside.(F)21.Whendepreciationismainlyduetowearandtear,straight-linemethodshallbeemployed.(F)22.Bondspayablebelongtocurrentliabilities.(F)23.Allfixedassetsaredepreciableovertheirlimitedusefullife.(F)24.Fixedassetsareintangibleassets.(F)25.Internallygeneratedgoodwillcanbeviewedasintangibleassets.(F)26.Landdoesn`tneeddepreciationandisconsideredtohaveaninfinitelife.(T)五、翻译1.Accountingcontainselementsbothofscienceandart.Theimportantthingisthatitisnotmerelyacollectionofarithmeticaltechniquesbutasetofcomplexprocessesdependingonandpreparedforpeople.会计既是科学，也是艺术。重要的是，它不仅仅是一项算数技术，而且是一套复杂的程序。2.Inventoriesrefertomerchandise,finishedgoods,semi-finishedgoods,goodsinprocess,andallkindsofmaterials,fuels,containers,low-valueandperishablearticlesandsoonthatstockedforthepurposeofsale,productionorconsumptionduringtheproductionoperationalprocess,Inventoriesarenormallyaccountedforathistoricalcost,asthecostprinciplerequires.Normally,acompanymayaccountinventoriesunderthefollowingmethods:(1)Specificidentification(2)first-in,first-out(FIFO)(3)last-in,first-out(LIFO)(4)weightedaverage存货是在一个产品经营周期内为了销售、生产或消耗所储存起来的，包括货物、产成品、半成品、在产品，以及各种原料、燃料、包装物和低值易耗品等。根据成本原则的需要，存货一般采用历史成本来计算。一般情况下，公司计算存货可采用以下方法：（1）个别认定法；（2）先进先出法；（3）后进先出法；（4）加权平均法3.Incontrasttocurrentassets,long-termassetsrefertothoseassetsthatwillberealizedorconsumedwithinaperiodlongerthanoneyearoftheiracquisition,whicharenormallydividedintofixedassets,intangibleassetsanddeferredassets.Fixedassetsrefertotheassetswhoseusefullifeisoveroneyear,unitvalueisabovetheprescribedcriteriaandwhereoriginalphysicalformremainsduringtheprocessofutilization.与流动资产相比，长期资产是指那些在超过一年的时间内变现或者耗用的资产，通常分为固定资产、无形资产和递延资产。固定资产是指使用时限在一年以上，单位价值在规定标准以上，并在使用过程中保持原来物资形态的资产。4.Depreciationisdefinedastheaccountingprocessofsystematicallyallocatingthedepreciableamountofafixedassetoveritsusefullifebyaselecteddepreciationmethod.Whencalculatingthedepreciationexpenseofafixedasset,anenterpriseshouldconsideritsdepreciableamount,estimatednetresidualvalue,estimatedusefullife,andthedepreciationmethods.折旧可以定义为在固定资产使用寿命内，按照确定的方法对应计折旧额进行系统分摊。当计算一项固定资产折旧费的时候，企业应当考虑它的应计折旧额、预计净残值、估计的使用寿命以及折旧方法。5.Theamountofretainedearningsrepresentsthecumulativenetincomeofthefirmsinceitsbeginning,lessthetotaldividendsthathavebeendistributedtoshareholders.Itisimportanttonotethatretainedearningsarenottheassets,buttheexistenceofretainedearningsmeansthatnetassetsgeneratedbyprofitableoperationshavebeenkeptinthecompanytohelpitgrowortomeetotherbusinessneeds.However,acreditbalanceinRetainedEarningsdoesnotmeanthatcashoranydesignatedsetofassetsisdirectlyassociatedwithretainedearnings.Thefactthatearningshavebeenretainedmeansthatnetassetsasawholehavebeenincreased.留存收益的数额等于企业从开办以来累计的净利润减去已分配给股东的的股利。需要注意的是，留存收益本身并不是资产，但留存收益的存在，意味着由盈利经营行为产生的净资产已经在公司中累积，帮助公司壮大并满足其他经营需求。但留存收益的贷方余额并不意味着留存收益直接与现金或某种特定形式的资产相关联，而是意味着净资产总体上增加了。6.InChina,companiesmustprovide“legalreserve.”TodayinUSA,appropriationsofretainedearningsareseldomseenonbalancesheets.在中国，公司必须有法定公积金。如今在美国，留存收益的拨定很少出现在资产负债表上。7.Revenueisthegrossinflowofeconomicbenefitsarisinginthecourseoftheordinaryactivitiesofanenterprisefromsucheventsasthesaleofgoods,therenderingofserviceandtheuseofenterprisebyothers.Revenuegrowthisanimportantindicatorofthemarketreceptionofacompany`sproductsandservices.收入是在企业销售产品、提供劳务和让渡资产使用权等日常活动中产生的经济利益的总流入。收入增长是市场接纳企业产品或服务的一个重要指示器。8.Salesrevenuearisesfromthesaleofgoods.Servicerevenuearisesfromtherenderingofservices.销售收入来自销售的商品劳务收入来自于所提供的劳务。9.Expensesrefertotheoutlaysincurredbyanenterpriseinthecourseofproductionandoperation.Itmeanstheoutflowsorotherusingupofassetsorincurrenceofliabilitiesduringaperiod.Accordingtotherelationshipwithproducts,wecandivideexpensesintotwocategories:productcostsandperiodexpense.Productcostsaredirectlyrelatedtotheproducts,whicharecomposedofdirectmaterialcosts,directlaborcostsandtheindirectcosts.费用是指企业在生产和经营过程中产生的支出。它意味着某一会计期间资产的流出或使用，或是发生了负债。根据与产品的关系，费用可分为两类：产品成本和期间费用。产品成本直接与产品相关，它包括直接材料成本，直接人工成本和间接成本。10.Periodexpensesarenotdirectlyassociatedwithproducts,buttheyareindispensableforgeneratingthecurrentrevenue.期间费用并不直接与产品相关，但对产生当期收入不可缺少。11.Abalancesheetisasummaryofacompany`sbalances.Assets,liabilitiesandowner`sequityarelistedasofaspecificdate,suchastheendofitsfinancialyear.Abalancesheetisoftendescribedasasnapshotofacompany`sfinancialcondition.资产负债表是公司账目余额的汇总。资产、负债和所有者权益将被列示在特定日期的资产负债表中，如年末资产负债表。资产负债表经常描述为公司财务状况的“快照”。12.Theincomestatementisafinancialstatementthatsummarizestheresultsofacompany`soperationbymatchingrevenueandrelatedexpensesforaparticularaccountingperiod.Itshowsthenetincomeornetloss.Itisalsocalledearningsstatement,statementofoperations,andprofitandlossstatement.损益表是用来汇总公司在某一会计期间发生的经营收入和相关费用状况的财务报表。损益表表明了净利润或净损失，也被称为收入表、经营报表或盈亏表。13.Thecashflowstatementisafinancialstatementthatreportsthecashreceiptsandcashpaymentsofanentityduringaparticularperiod.Thetermcashrefersnotonlytothebillsandcoinswenormallythinkofascash,butalsotocashequivalents.Cashequivalentsarehighlyliquidshort-terminvestmentthatcaneasilyandquicklybeconvertedintocash,usuallywithmaturityofthreemonthsorlessatthedateofpurchase.Thecashflowsofanentityusuallycomefromcashflowsfromoperatingactivities,cashflowsfrominvestingactivities,andcashflowsfromfinancingactivities.现金流量表是记录公司在特定期间现金收入和支出状况的财务报表。现金不仅是指我们常认为的钞票和硬币，也包括现金等价物。现金等价物是具有高流动性的短期投资，能够很容易地迅速变现，一般从持有之日起，期限都不超过3个月。公司的现金流一般包括经营行为现金流、投资行为现金流及融资行为现金流。14.Assetsareeconomicresourcesthatarepossessedorcontrolledbyanenterprisetogeneraterevenuetotheenterprise.Assetsofanenterpriseareusuallydividedintothefollowingcategories:currentassets,long-terminvestment,fixedassets,intangibleassetsandotherassets.Currentassetsareassetsthatwillberealizedorconsumedwithinoneyearorwithinanoperatingcycle.Typicalcurrentassetsincludecash,bankdeposit,accountsreceivablesandsoon.Cashislistedfirstofallcurrentassetsbecauseitisthemostliquidofallassets.资产是企业拥有或控制的，能够给企业带来收入的经济资源。一个企业的资产通常被划分为以下几类：流动资产、长期投资、固定资产、无形资产和其他资产。流动资产时在一年或一个营业周期内变化或损耗的资产。典型的流动资产包括现金、银行存款、应收账款等等。现金位列于所有流动资产的第一位，因为它是资产中流动性最强的。15.Long-termliabilitiesareobligationsofbusinessthatareduetobepaidafteroneyearorbeyondtheoperatingcycle,whicheverislonger.Decisionsrelatedtolong-termdebtarecriticalbecausehowacompanyfinancesitsoperationsisthemostimportantfactorinthecompany`slong-termliability.Theamountandtypeofdebtacompanyincursdependsonmanyfactors,includingthenatureofthebusiness,itscompetitiveenvironment,thestateofthefinancialmarkets,andthepredictabilityofitsearnings.长期负债是在一年或超过一个营业周期内到期支付的债务。与长期负债相关的决策很重要，因为在企业的长期负债中，企业经营中如何进行筹资时非常重要的因素。一个企业发生负债的金额和类型取决于很多因素，包括企业的性质，它的竞争环境金融市场的状况和它的预期收益。六、业务题1.June1Beginninginventory100@$1.006Purchase1150@$1.0013Purchase250@$1.2020Purchase3100@$1.0025Purchase425@$1.4027Sold125@（1）Accordingtotheaboveinformation,useweighted-averagemethodandtheendinginventoryshouldbe314.12（2）Accordingtotheaboveinformation,useLIFOmethod,themostassignedtothesoldshouldbe135（3）Accordingtotheaboveinformation,useFIFOmethod,thecostassignedtothesoldshouldbe125（4）Accordingtotheaboveinformation,useLIFOmethod,thecostassignedtotheendinginventoryis3102.(1)OnJune5,K.Companypurchased$6000ofinventory,payingcash.Dr.Inventory6000Cr.Cash6000(2)OnJune10,K.Companyreceived$10000ofgoodsales.Dr.Cash10000Cr.Salesrevenue10000(3)OnJune12,K.Companypaid$5000insalariesbybankdeposit.Dr.Salariesexpense5000Cr.Bankdeposit5000(4)BoughtofficefurniturefromSimpleCompanyonaccount,$30000Dr.Furniture30000Cr.Accountspayable30000(5)OnJune30,K.Companypaid$10000toSimpleCompanyonaccount.Dr.Accountspayable10000Cr.Cash100003.RecordeachtransactionintheaccompanyingaccountofL&TCo.(1)Boughtsuppliesonaccountfor$600.Dr.Supplies600Cr.Accountspayable600(2)Boughtequipmentfor$2700,payingonethirddownandowingthebalance.Dr.Equipment2700Cr.Cash900Accountspayable1800(3)Gaveanoteinsettlementoftransaction(2).Dr.Accountspayable1800Cr.Notespayable1800(4)Received$500asanincome.Dr.Cash500Cr.Servicefeesearned5004.RecordthefollowingentriesinthegeneraljournalforStephensCleaningCompany.(1)Invested$10000cashinthebusiness.Dr.Cash10000Cr.Capital10000(2)Paid$2000forofficefurniture.Dr.Furniture2000Cr.Cash2000(3)Boughtequipmentcosting$6000onaccount.Dr.Equipment6000Cr.Accountspayable6000(4)Received$2200incleaningincome.Dr.Cash2200Cr.Servicefeesearned2200(5)Paidaquarteroftheamountowedontheequipment.Dr.Equipment1500Cr.Cash15005.June1Beginninginventory100@$1.006Purchase1150@$1.1013Purchase250@$1.2020Purchase3100@$1.3025Purchase425@$1.4027Sold125@(1)Accountingtothefollowinginformation,useweighted-averagemethodandtheendinginventoryshouldbeendinginventory=345.88(2)Usingtheinformationfromquestion(1),theLIFOmethod,thecostassignedtotheendinginventoryisendinginventory=3256.Assumingthatnetpurchasecost$250000duringtheyearandthattheendingstockwas$4000lessthanthebeginningstockof$30000,thecostofgoodswouldbethecostofgoods=2540007.Emilystartedherbusiness-Emily`sBakery.Thetransactionintheyearof2008areasfollow.(1)Emilycontributed$10000incash.(2)Thecompanyborrowed$3000fromabank.(3)Thecompanypurchasedequipmentfor$5000cash.(4)Thecompanyperformedservicefor$12000.Thecustomerpaid$8000incashandpromisedtopaytherestamountatalaterdate.(5)Thecompanypaid$9000forexpenses(wages,interestandmaintenance)(6)Thecompanypaiddividendof$1000.(1)Dr.Cash10000Cr.Capitalstock10000(2)Dr.Cash3000Cr.Short-termborrowing3000(3)Dr.Equipment5000Cr.Cash5000(4)Dr.Cash8000Accountsreceivable4000Cr.Servicerevenue12000(5)Dr.Salariesexpense6000Interestexpense1000Maintenanceexpense2000Cr.Cash9000(6)ThedateofdeclarationDr.Retainedearnings1000Cr.Dividendspayable1000ThedateofpaymentDr.Dividendspayable1000Cr.Cash1000ThebalancesheetofEmily`sbakeryDecember31,2008CurrentAssetsCurrentLiabilitiesCash6000Short-termborrowing3000Accountsreceivable4000Long-termAssetsLong-termLiabilitiesEquipment5000Owner`sequityCapitalstock10000Retainingearnings2000TotalAssets15000TotalLiabilitiesandOwner`sEquity15000七、例题1.1DuringthemonthofJanuary,TedLott,alawyer(1)Invested$8000toopenhispractice.Dr.Cash8000Cr.Capital8000(2)Boughtofficesupplies(stationery,forms,pencils,andsoon)forcash,$700.Dr.Supplies700Cr.Cash700(3)BoughtseveralpiecesofofficefurniturefromFerraroFurnitureCompanyonaccount,$2000.Dr.Furniture2000Cr.Accountspayable2000(4)Receive$3500inservicefeesearnedduringthemonth.Dr.Cash3500Cr.Servicefeesearned3500(5)PaidofficerentforJanuary,$600.Dr.Rentexpenses600Cr.Cash600(6)Paidsalaryforpart-timehelp,$800.Dr.Salariesexpen