英语翻译(Please choose one of best answer from four alternatives

英语翻译
(Please choose one of best answer from four alternatives for all of the following statements.)
1.The entry required to close withdrawals at the end of the period should include a _______.
A.Debit to Income Summary
B.Credit to Capital
C.Debit to Capital
D.Debit to Withdrawals
2.Which of the following groups of accounts correctly appear on the post closing trial balance?
A.Rent Expense,Prepaid Rent,Capital
B.Withdrawals,Equipment,Accumulated Depreciation
C.Income Summary,Interest Receivable,Notes Payable
D.Capital,Cash,Unearned Revenue
3.Which of the following statements is true?
A.The operating cycle is the time required to acquire goods and services,sell the goods and services,and collect the cash
B.On a classified balance sheet,Land would be considered more liquid than Prepaid Rent
C.Generally,a business’s operating cycle will be longer than a year
D.On a classified balance sheet,long-term liabilities would appear first in the liabilities section
4.If a bank reconciliation includes an NSF check for $45.The journal entry to record this reconciling item would include ______.
A.Credit to Cash
B.Debit to Cash
C.Credit to Accounts Receivable
D.No entry is required
5.All of the following are controls over cash received in a store except ______.
A.The clerk should have access to the cash register tape to make corrections when necessary
B.The customer should be able to see the amounts entered into the register
C.It should be a requirement that a receipt be given to the customer
D.The cash drawer should open only when the sale clerk enters an amount on the keys
6.Which of the following statements related to receivables is true?
A.On the balance sheet,accounts receivable are usually reported as total accounts receivable plus the allowance for uncollectible accounts
B.A dishonored notes receivable should be shown as a current liability
C.When a notes receivable is not paid at maturity,the principal plus any interest due should be charged back to the customer’s accounts receivable
D.When a customer overpays his accounts receivable,the resulting balance should be properly shown among the long-term (noncurrent) assets on the balance sheet
7.A company uses a periodic inventory system and made an error at the end of year I that caused its year I ending inventory to be understated by $5,000.What effect does this error have on the company’s financial statements?
A.Net income is understated; assets are understated
B.Net income is understated; assets are overstated
C.Net income is overstated; assets are understated
D.Net income is overstated; assets are overstated
8.Which of the following factors would not be considered in the selection of LIFO as an inventory costing method?
A.Tax benefits
B.Matching
C.Physical flow
D.Improved cash flow