071M2solution

071M2solution - 071M2Solution Spring 2007 Midterm 2 Year 1...

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071M2Solution Spring 2007 Midterm 2 Version A Version B Version C Page 2 Year 1 Franchise Revenue 23924 27411 30901 Unearned Franchise Rev 41076 47589 54099 Yr. 2 Franchise Revenue 7042 6964 6906 Page 3 CIP balance Yr. 1 116416 112889 111884 CA or CL Amount yr 1 41584 CL 17111 CL 28116 CL CIP balance Yr. 2 193911 197556 189957 CA or CL Amount yr 2 34089 CL 2444 CL 30043 CL Page 4 + 5 A - Debit yr.1 Sales 147,000 Purchases 171000 AP 387000 Debit yr. 2 AR 147000 AP 171000 Purchases 387000 Credit yr. 1 AR 147000 AP 171000 Purchases 387000 Credit yr. 2 Sales 147,000 Purchases 171000 AP 387000 B - Debit yr. 1 Purchases 171,000 AP 387000 Sales 147000 Debit yr. 2 AP 171000 Purchases 387000 AR 147000 Credit yr. 1 AP 171000 Purchases 387000 AR 147000 Credit yr. 2 Purchases 171,000 AP 387000 Sales 147000 C - Debit yr. 1 AP 387000 Sales 147000 Purchases 171000 Debit yr. 2 Purchases 387000 AR 147000 AP 171000 Credit yr. 1 Purchases 387000 AR 147000 AP 171000 Credit yr. 2 AP 387000 Sales 147000 Purchases 171000
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071M2solution - 071M2Solution Spring 2007 Midterm 2 Year 1...

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