会计专业英语郭葆春课后习题答案Answerforlesson1.doc

会计专业英语郭葆春课后习题答案Answerforlesson1.doc 12b 13c 14d -:(l)Analyzetransactions;(2)Journalizetransactions;(3)Posttoledger;(4)Prepareunadjustedtrialbalance;(5)Journalize&postadjustments;(6)Prepareadjustedtrialbalance;(7)Preparefinancialstatements;(8)Journalizeandpostclosingentries;(9)Preparepost-closingtrialbalanceYourroommate,amarketingmajor,,ountcanbedebitedandcreditedandasresult,ountcanhavebothadebitandacreditbalance・Explaintoyourroommate(1)themeaningofdebitandcredit;(2)ountscanonlybedebited,whichcanonlybecredited,andwhichcanbebothdebitedandcredited;and(3)ountsnormallyhavedebitbalancesandwhichcreditbalances・Solution:Thetermsdebitandcreditmeantheleftandrightside,respectively,;ountssuchasShareCapital-OrdinaryandRevenuesareonlycredited;andfinally,ountssuchasCash,AccountsReceivable,,Dividends,-OrdinaryandRevenues・,ountingequation,andthenexplainhowitticsintotherulesfordebitsandcredits・Solution:ountingequationis:Assets=Liabilities+EquityTheexpandedequationdividesEquityintoitsvariousparts,reflectingtheshareholders1investment,dividends,revenues,andexpenses:Assets=Liabilities+ShareCapital-Ordinary+RetainedEarnings-Dividends+Revenues-ExpensesThisexpandedequationcanthenbere-ountshavedebit(left-hand)balances,ountshavecredit(right-hand)balances,asfollows:Assets+Dividends+Expenses=Liabilities+ShareCapital-Ordinary+RetainedEarnings+ountsontheleft-handsideoftheequationhaveleft-hand,ordebitbalances,ountsontheright-handsideoftheequationhaveright-hand,orcreditbalances・Accountswithdebitbalancesareincreasedwithdebitsanddecreasedwithcredits,ountswithcreditbalancesareincreasedwithcreditsa