会计英语 Lesson1 答案

Exercise 1-1

(a) Increase in one asset, decrease in another asset. （3）（8） (b) Increase in an asset, increase in a liability. (c) Increase in an asset, increase in capital.（1）（4）（5） (d) Decrease in an asset, decrease in a liability. （6） (e) Decrease in an asset, decrease in capital. （2）（7）（9）（10）

Exercise 1-2 a.

(1) Purchase of land for cash. (2) Revenue earned for cash.

(3) Expense incurred and cash paid. (4) Purchase of supplies on account. (5) Withdrew for personal use for cash. (6) Paid to creditors.

(7) Supplies used for the period.

b. 6250

c. 620

d. 1370

e. 620

Exercise 1-3 a. Tina Pierce Interiors Balance Sheet March 31, 19xx 4500 2560 840 7900 430 7470 7900 Tina Pierce Interiors Balance Sheet April 30, 19xx 5400 4100 450 9950 690 9260 9950 Assets Cash Accounts Receivable Supplies Total Assets Liabilities Accounts Payable Owner’s Equity Tina Pierce, Capital Total Liabilities and OE b. 2050 c. 4550

Problem 1-1 a. ASSETS = Cash A B C D E F G H I b. Collins Realty Income Statement For August Total revenue Expenses: Rent exp Auto exp Salaries exp Supplies exp Misc. exp Total expenses Net income $1,200 280 600 65 175 $ 4,850 2,320 $2,530 5000 -1200 -250 4850 -1000 -455 -600 6345 Supplies 340 -65 275 LIABILITIES + OWNER’S EQUITY Accounts payable 340 -250 90 C.W. Collins, capital Explanation of change in equity 5000 Investment -1200 Rent 4850 Revenue -1000 Withdrawals -280 Auto -175 Misc. -600 Salaries -65 Supplies 6530 Collins Realty Capital Statement For August C W Collins, capital, August 1 Add: Investments by owner Net income Less: Withdrawals by owner C W Collins, capital August 31 Collins Realty Balance Sheet August 31 Assets Cash Supplies Total assets

Problem 1-2 a. Pioneer Services Income Statement For the year ended Dec 31 Sales Expenses: Salary expense ……………………………….. Rent expense …………………………………. Utilities expense ……………………………… Supplies expense …………………………….. Taxes expense ……………………………….. Insurance expense …………………………… Advertising expense …………………………. Miscellaneous expense ………………………. Total expenses Net income

25,200 8,000 7,800 6,200 6,000 4,800 3,000 2,425 $ 91,670 63,425 $28,245 Liabilities $6345 Accounts payable 275 Owner’s equity C W Collins, capital $6620 Total liabilities and capital $90 6530 $6620 $0 5,000 2,530 (1,000) $6,530