Lesson 06

 

Dear Natsu,

 

Thank you for your sixth message. My comments and corrections follow.

Sincerely,

Prof. Sue Garreis

 

 

Dear Professor Garreis,

Thank you for your reply and corrections of my English.

I will answer your questions and reply.

 

>The school year ends in early to mid-June for kindergarten, elementary and high schools.

>The school year ends in early May to early June for college and graduate schools.

>So summer vacation is generally the months of June, July and August.

 

⇒I see. Thank you for letting me know.

It is the almost same time as schools in Japan’s summer vacation.

By the way, I want to go to summer festival during this summer vacation.

I want to wear a yukata there.

Have you ever worn a yukata?

 

>I went to Disney World in Orlando Florida years ago.

https://disneyworld.disney.go.com/

>It was a huge amount of fun!

 

⇒I watched the URL.

Disney World in Orlando Florida has Typhoon Lagoon Water Park!

Tokyo Disney land hasn’t it.

I want to go to Disney World in Orlando Florida once!

 

>Have you ever been to a recital? Either dance or music?

 

⇒Sorry, I haven’t been to a recital.

 

>Were you ever the student who gave a recital?

 

⇒No, I weren’t.

I have been shy since I was a child.

 

>You receive a copy at the yahoo address, don't you?

 

⇒Yes, I do. I have a yahoo address.

 

 

Thank you for reading my email.

I’m waiting for your reply.

 

Sincerely　yours,

Natsu

 

 

<Homework>

 

1. What is the new value of cash on the balance sheet?

 

⇒The new cash value is two [twenty] thousand dollars (from Fuentes) plus thirty

thousand dollars (from Smith) plus forty thousand dollars (from Watanabe)

minus ten thousand  dollars (land cost) minus sixty thousand dollars

(building cost) equals twenty thousand.

 

>>Correct!

 

 

2. What is the new value of the long-term assets?

 

⇒The new value of long-term assets is ten thousand dollars (land) plus

sixty thousand dollars (building) equals seventy thousand.

 

>>Correct!

 

3. What is the new value of the total assets?

 

⇒The new value of the total assets is ninety thousand dollars.

 

>>Correct!

 

4. What is the new value of the total liabilities and stockholders'

equity?

 

⇒The new value of the total liabilities and stockholders' equity is ninety

thousand dollars.

 

>>Correct!

 

 

5. How easy was this lesson for you?

 

⇒The accounting was: Somewhat easy

The English was: About right

 

 

 

6. Please send me the Japanese translation for the following words.

Please write the words in romajii.

 

⇒Inventory → tanaoroshi shisan

Investment → toushi

Liabilities → husai

Payable → kaikakekin

property → koteishisan

stockholders' equity → kabunushi mochibun

 

>>Thank you for the vocabulary words.



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