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D. prepare unadjusted trial balance
20. which of these accounts has a normal debit balance? A. rent expense B. account receivable C. service revenue
D. both A and B have a normal debit balance.
II. translate the following accounting terms into English. （5*4=20） 1. 注册会计师 2. 复式记账法 3. 资产负债表 4. 会计等式 5. 明细分类账 6. 现金流量表 7. 流动比率 8. 特许经销权 9. 营业循环 10. 抵押权
III． Make journal entries for the following transactions. (4*5=20 marks)
.
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Chart of accounts 101 cash 201 payable 102 account 202 payable Account 301 Capital Salaries 302 Drawing 401 sales 501 supplies expenses 502.Salary expense 503. Rent expense 105 prepaid rent 106 equipment
1. K. Trading Co. bought supplies for $5000, paid cash 2500 and the
rest to be paid in a month.
2. K. Trading Co. bought equipment from A company on account
.
receivable 104 supplies 精品文档
$ 3000.
3. K. Trading Co. pays monthly salaries on 15the of each month,
suppose the payroll of May amounts to $ 5000 and it will not be paid until June 15. Present the journal entries for K. Trading Co. ate the end of May.
4. K. Trading Co. sold a delivery truck at $ 20000 on account. IV. Following are the amounts (in thousand) of the assets, liabilities, and owners’ equity of ABC Co. at December 31, 2014, and its revenue and expenses for the year ended on that date. The items are listed in alphabetical order. Please prepare a classified balance sheet as of December 31, 2014 in account form. (30 marks) Account payable 45 Accounts 65 Buildings 250 Inventory 25 Rent expense 35 Cash 20 Capital stock 350 Land 100 Long-term payable 55 notes Trading securities 2 Retained earnings 232 bands Sales revenue 650 Income tax payable Notes receivable 10 Office equipment 60 receivable Interest revenue 80 Cost of goods sold 250 Long-term payable 40 Delivery .
equipment Machinery 150 Supplies expense 25 精品文档
80 Income tax expense Notes payable 20
25 Wages expense 75 .
Exercise外企财务英语考试题
