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Chapter 4 statement of cash flow1.The net income of the ZY Company for 1999 was $260000. Additional data available relative to activities for the year are given below:A. Depreciation expenses for the year, $90000;B. gains on sale of machinery used in operations was $2400;C. Accounts receivable increased by $2000;D. Accounts payable increased by $8400;E. Patent amortization for the year was $14800;RequiredPrepare the cash flows from operating activities section of a statement of cash flows un der the indirect method.Cash flows from operating activities:Net income …………………………………………………………… $260000Adjustment for non cash revenue and expenses:expenses not requiring cashAdd depreciation 90000Patent amortization 14800cash change not from operationsdeduct gains on sale of machinery 2400Current liabilities changes:Deduct Accounts receivable increase 2000Add Accounts payable increase 8400Cash flows from operating activities $3688001.Purchased material ,$200, and equipment, $3100，paid cash.2.Paid cash to acquire land, $ 270003.Performed service for a customer and received cash $160004.Issued common stock and received $39000 cash5.Prepaid insurance $1200 for next 12months6.Paid cash for employee salary $ 24007.Acquire a long-term loan from bank $400008.Paid $5000 for cash dividend10.Gains on sale of equipment of $3000Calculate cash flow from operations, financing and investing.12200,-27100,74000Chapter 8 accounts receivable1.T/FAn account receivable that has been determined to be uncollectible is still an asset.(F) We should debit bad debts expense and credit allowance for doubtful accounts for write off bad debts.(F)Allowance for doubtful accounts is contra-asset account that offsets account receivable.(T)Gross accounts receivable appears on the balance sheet.(F)When we write off a worthless receivables, the net accounts receivable is less than before.(F)2.When we use the allowance method to record bad debts,there are three methods to estimate the amount of bad debtsPercentage of total accounts receivable outstanding(应收账款余额百分比法)Aging method（账龄分析法）Percentage-of-sales method(销货百分比法)（一）余额百分比法这是按照期末应收账款余额的一定百分比估计坏账损失的方法。
会计英语第四章作业
Matching Questions
115. Match the following terms with the appropriate definition.
1. Temporary accounts
2. Pro forma statements
3. Closing entries
4. Work sheet
5. Accounting cycle
6. Post-closing trial balance
7. Permanent accounts
8. Operating cycle of a business
9. Income summary
10. Working papers
Accounts that reflect on activities related to one or
more future periods; they include all balance sheet
accounts.
Recurring steps performed each accounting period, starting with analyzing and recording of transactions in the journal and continuing through the post-closing trial
balance (or reversing entries).
Accounts that are used to record transactions and
events for one accounting period only; they include
revenues, expenses, and withdrawals.
Analyses and other informal reports prepared by accountants when organizing the information presented in
reports and financial statements.
A temporary account used only in the closing process
and to where the balances of revenue and expense
accounts are transferred.
A spreadsheet used to draft an unadjusted trial balance,
adjusting entries, adjusted trial balance, and financial
statements.
Entries recorded at the end of each accounting period to transfer end-of-period balances in revenue, expense, and withdrawals accounts to the permanent owner's capital
account.
A list of permanent accounts and their balances from
the ledger after all closing entries are journalized and
posted. The time span from when cash is used to acquire goods and services until cash is received from the sale of those
goods and services.
Statements that show the effects of proposed transactions as if the transactions had already occurred.
136. The unadjusted trial balance of E．Pace, Consultant is entered on the partial work sheet below. Complete the work sheet using the following information:
(a) Salaries earned by employees that are unpaid and unrecorded, $500.
(b) An inventory of supplies showed $800 of unused supplies still on hand.
(c) Depreciation on equipment, $1,300.。
