会计英语习题集培训讲学

1, How do we recorded a liability created by the receipt of cash from customers in payment for products or services that have not yet been delivered to the customers?

A, recorded as a debit to an unearned revenue account

B, recorded as a debit to a prepaid expense account

C, recorded as a credit to an unearned revenue account

D, recorded as a credit to a prepaid expense account.

c

3, during the month of February, Hal Company had cash receipt of 6500 and cash disbursement of 8000. The February 28 cash balance was 4300. What was the beginning (February 1) cash balance?

A, 1500

B, 2800

C, 5800

D, 7300

X+6500-8000=4300

X=5800 C

4, Aimes opened a new business by investing the following assets: cash 4000; land 20000; building 80000. Also, the business will assume responsibility for a note payable of 32000. Aimes signed the note as part of his payment for the land and building. Which journal entry should be used on the books of the new business to record the investment by Aimes?

A, Dr. Asserts 104000

Cr. Capital 104000

B, Dr. Asserts 104000

Cr. Liability 32000

Capital 72000

C, Dr. Cash 4000

Land 20000

Building 80000

Cr. Capital 104000

D, Dr. Cash 4000

Land 20000

Building 80000

Cr. Notes payable 32000

Capital 72000

D

5, the following transaction occurred during July:

--received 700 cash for photography service provided to customer during the month --received 1500 cash from Barbara, the owner of the business

--received 800 from a customer in partial payment of his account receivable which arose as a result of sales during June

--rendered photography services to a customer on credit. 500

--borrowed 2500 from bank

--received 1000 from a customer in payment for services to be performed next year

What was the amount of revenue for July?

A, 1200

B, 3000

C, 5500

D, 7000

700 yes, 500 yes 700+500=1200 A

6, How do we record an assets created by a payment for economic benefits that does not expire until some later time?

A, recorded as a debit to an unearned revenue account

B, recorded as a debit to a prepaid expense account

C, recorded as a credit to an unearned revenue account

D, recorded as a credit to a prepaid expense account

B

7, On September 30, accounts payable had a normal balance of 2300. During September, the account was credited for a total of 5400 and debited for a total 3900. What was the balance in the accounts payable at the beginning of September? A, A 0 balance

B, An 800 debit balance

C, An 800 credit balance

D, A 3800 debit balance

C

10, on April 30, Hal Company had an accounts receivable balance of 37000. During the month of May, total credits to accounts receivable were 24000, which resulted from customer payments. The May 31 accounts receivable balance was 32000. What was the amount of credit sales during May?

A, 19000

B, 29000

C, 45000

D, 56000

37000+x-24000=32000 x=19000 A

A company purchased 1800 of merchandise on December 5, term 2/10, n/15. On December 7, 200 worth of merchandise was returned by A company to the supplier. On December 15, A paid the balance in full. What was the amount that A company paid?

A, 200

B, 1568

C, 1600

D, 1800

B

Carrie Ford opened a new accounting practice called Carrie Ford, Public accountant, and completed these transaction during March 2011

Mar. 1 Invested 25000 in cash and office equipment that had a fair value (公允价值) of 6000.

1 Prepaid 1800 cash for three month’s rent for an office.