专业英语练习

1、One summer, Bill Smith decided to earn money as a lawn （草坪）service professional. He solicited（请求）business in the neighborhood and obtained （获得，得到）enough lawn servicing jobs that he thought he could be successful at it. On the basis of these commitments, Bill went to the bank, withdrew（收回) $2,000 of his savings and deposited the funds（资金）in a business bank account. At the end of the summer, Bill tried to figure out how well he’d done. He examined his business bank account checkbook and noted the following:

▪Deposits（存款）, all from customer collections, totaled $11,400.

Checks written:

▪Truck and equipment rental（卡车及其设备的租金）, $1,800 ▪Gas, oil, and lubrication（润滑剂）, $880

▪Miscellaneous supplies used（杂用品的使用）, $90

▪Helpers, $4,700; including payroll taxes, $500

▪Insurance（保险）, $175

▪Telephone, $100

▪Transfer from business bank account to his personal savings account （从商业用行账户转移到他的个人储蓄账户）, $2,000.

Bill also had records that showed:

▪Customers still owed him $600 for services that were performed. ▪He still owed another $100 to a vendor（厂商）for gas and oil.

Required:

1. Show the effect of each transaction on the accounting

equation.

2. Prepare an income statement for Bill for his summer business.

3. Prepare a balance sheet for Bill at the end of the summer.

4. Explain why the company’s cash balance at the end of the

summer does not agree with the amount of net income earned during the summer.

accounting period is as follows:

LARGE COMPANY, INC.

Trial Balance

December 31, 2007

Cash .......................................................................... $ 4,00

Prepaid Insurance ................................................... 1,600

Supplies .................................................................. 2,100 Equipment .............................................................. 20,000 Accumulated Depreciation—Equipment ............... $ 2,00

0 C. Large, Capital .................................................... 19,000 C. Large, Withdrawals ............................................. 2,000 Revenue ................................................................... 33,000 Salaries Expense ..................................................... 18,300

Rent Expense .........................................................

______

6,000

Totals ........................................................................ $54,000 $54,000 Additional information:

1. Expired insurance, $600.

2. Unused supplies, per inventory, $800.

3. Estimated depreciation, $1,000.

4. Earned but unpaid salaries, $700

Required ：

1. Prepare adjusting entries.

2. Prepare closing entries.

3. Prepare a post-closing trial balance.