会计英语习题集.docx

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 accountB, recorded as a debit to a prepaid expense accountC, recorded as a credit to an unearned revenue accountD, recorded as a credit to a prepaid expense account.c3, 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, 1500B, 2800C, 5800D, 7300X+6500-8000=4300X=5800 C4, 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 104000Cr. 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 72000D5, 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 yearWhat was the amount of revenue for July?A, 1200B, 3000C, 5500D, 7000700 yes, 500 yes 700+500=1200 A6, How do we record an assets created by a payment for econ