会计专业英语的课后练习题

Homework 1

Student number: Name:

1. Identiy assets(A),liabilities(L),or a part of owners’ equity(OE) Accounts payable

Accounts receivable

Capital

Cash

Drawing

Equipment

Service income

Miscellaneous expense

Notes payable

Rent expense

Held-to-maturity investment

Intangible assets

Accumulated depreciation

accounting equation to analyze the below transaction, and fill in the blanks.

1. The owner, Lisa Hunter, invests $250,000 to start a new business, HEC

2. HEC purchases land for a future office location, paying $100,000 cash

3. Purchases $7,000 office supplies on credit 4. HEC completes a consulting job for $30,000 cash 5. HEC completes a consulting job on credit for $25,000

6. HEC pays expenses for the month: salary $6,500; rent $4,000; utilities, $1,500

7. HEC pays $5,000 to the store from which it purchased $7,000 worth of office supplies in Transaction 3

8. HEC collections $15,000 from the customer of Transaction 5 9. HEC sells 50% of the land purchased in Transaction 2 for $50,000 cash

10. Lisa Hunter withdraws $6,000 cash for her personal use from HEC

3. Translation

(1)1000.54

(2)0.91

(3)123456789

(4)1000001

(5)20001-1=20000

(6)909+10001+100=11100

(7)7777/1000+3=10.777

(8)0.54*100/6-2=7

4. Questions

What is “T” account ? Please analysis by yourself.(50 words at least)