中會第十章票據(jù)英文總結(jié)

Thesummary

江津41104339Ofchapter82014-05-06PartA—CurrentliabilitiesTHECONTENTSOpen

AccountsandNotesAccruedLiabilitiesACloserLookattheCurrentandNoncurrentClassificationLiabilitiesfromAdvanceCollections2of24CharacteristicsofLiabilitiesWhatisaCurrentLiabilityWhatisaCurrentLiability?Theabiligationspayablewithinoneyearorwithinthefirm'soperatingcycle.CurrentLiabilitiesCurrentLiabilitiesAccountspayableTaxespayableUnearnedrevenuesCashdividendspayableShort-termnotespayableAccruedexpensesCharacteristicsofLiabilitiesFutureProbablefuturesacrificesofeconomicbenefits.PresentArisefrompresentobligationstootherentities.PastResultfrompasttransactionsorevents.5of242014-05-06Liabilitieshavethreeessentialcharacteristics:OpenAccountsandNotes

obligationstosuppliersofmerchandiseorofservicespurchasedonopenaccount.AccountpayableTradeNotesPayable應(yīng)付商業(yè)票據(jù)Short-termNotesPayable短期應(yīng)付票據(jù)Short-termloannotespayable應(yīng)付短期貸款票據(jù)Cashborrowedfromthebankandrecognizedbyapromissorynote.Notepayablewithinoneyear.

Similartoaccountspayable,butrecognizedbyawrittenpromissorynote.Credit

lines

信用額度

Prearrangedagreementswithabankthatallowacompanytoborrowcashwithoutfollowingnormalloanproceduresandpaperwork.Lineofcredit最高貸款限額

themaximumcreditamountthatfirmsorindividualsareallowedtolendwithoutthefinancialguarantee.InterestInterest-bearing

NotesNoninterest-bearingNotesNoteswithoutastatedinterestratecarryanimplicit,oreffectiverate.Thefaceaccountincludestheinterest.11of242014-05-06

OnMay1,AT,incborrows$700,000fromFirst

BancCorpunderanoncommittedshort-termlineofcreditarrangementandissuedasix-month,12%promissorynote.Interestwaspayableatmaturity.

May1:Cash................700,000Notespayable..........700,000November1:Interestexpense.........42,000Notes

payable

..............700,000Cash

....................742,000

May1:Cash..........658,000DiscountonnotePayable.......42,000

Notespayable.........700,000

November1:Interestexpense.........42,000

DiscountonnotePayable...........

42,000Notepayable

..........700,000

Cash

.............700,000CommercialPaper

waywhichsomelargecorporationsabtaintemporaryfinance,itispurchasedbyothercompaniesasashort-terminvestment.由金融公司或某些信用較高的企業(yè)開出的無擔(dān)保短期票據(jù),期限在9個月以下.AAccruedLiabilitiesDefination:Itrepresentexpensesalreadyincurredbutnotyetpaid.AccruedInterestPayableMay1票據(jù)簽發(fā)時:Cash...............................

700,000

Notespayable..........

700,000AccrualofinterestonJune30:Interestexpenses($700,000×12%×2/12)..............

14,000Interest

payable..............................

14,000NotePaymentonNovember1償付票據(jù)時:Interestexpense.................................28,000Interestpayable

..................................14,000Notepayable...................................

700,000

Cash.............................................

742,000

Salaries,Commissions,andBonuses

Compensationexpensessuchassalaries,commissions,andbonusesareliabilitiesatthebalancesheetdateifearnedbutunpaid.C

vacations、sickdaysandotherpaidfutureabsencesSalariesandwagesexpense---------4,200,000cash---------------------------4,200,00016of242014-05-06Vacationwerebetakenin2011December31,2011Salariesandwagesexpense---------5,400,000

Liability-compensatedfutureabsences--------5,400,000Whenyear2011vacationaretakenin2012

Liability-compensatedfutureabsences--------5,400,000Salariesandwagesexpense--------------300,000

Cash--------------------5,700,000LiabilitiesfromAdvanceCollectionsRefundabledeposits保證金Advancesfromcustomers預(yù)收賬款Giftcards禮券(卡)Collectionsforthirdparties第三方代收

RefundabledepositsWhendepositsarecollected

cash……………300,000liability-refundabledeposits…300,000

容器歸還時Whencontainersarereturnedliability-refundabledeposits…270,000cash…………….270,000

保證金被沒收時Whendepositsareforfeitedliability-refundabledeposits…..30,000

revenue-saleofcontainers……30,000costofgoodssold…...15,000

inventoryofcontainers...15,000

AdvancesformcustomersWhenadvanceiscollected收到預(yù)付款時

($inmillion)

cash………………20

unearnedsubscriptionrevenue…...20Whenproductisdelivered提供產(chǎn)品時

unearnedsubscriptionrevenue…..5

subscriptionsrevenue……..5ACloserLookattheCurrentand

NoncurrentClassification

Current

maturitiesoflong-termobligationsusuallyarereclassifiedandreportedascurrentliabilitiesift