Please put some paper, a pencil, and an eraser on your desk.
I'm so looking forward to buying a new piece of paper.
Yesterday, I saw a wolf writing a poem on a piece of paper.
The kanji and the word are exactly the same. That means they share meanings as well.
The reading is the kun'yomi reading, but lucky for you that's the reading you learned with the kanji, meaning you should be able to read this vocab too.