Sept. 11, UNIT 6 QUIZ - Airo Miranda.xlsx - PROBLEM 1: TRUE...

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PROBLEM 1: TRUE OR FALSE112130415060708190101
PROBLEM 2: FOR CLASSROOM DISCUSSION1A.2A.3D.4D.5B.6PROVIDE JOURNAL ENTRIESTRANSACTIONSACCOUNT TITLESAMOUNTSDrCrOct. 1Cash800,000Owner's, Capital800,000Oct. 3Inventory100,000Cash100,000Oct. 4Inventory400,000Accounts Payable400,000Oct. 8Cash300,000Sales300,000Cost of goods sold120,000Inventory120,000Oct. 12Accounts Receivable700,000Sales700,000Cost of goods sold280,000Inventory280,000Oct. 15Accounts Payable400,000Cash400,000Oct. 17Cash700,000Accounts Receivable700,000Oct. 18Equipment280,000Cash280,000Oct. 22Owner's, Withdrawal20,000Cash20,000Oct. 31Salaries Expense50,000Cash50,000TOTAL4,150,0004,150,000
PROBLEM 3: IDENTIFYING THE ACCOUNTS AFFECTEDTRANSACTIONSACCOUNT TITLES AFFECTEDDrCr1CashOwner's, Capital2EquipmentCash3CashSales4Cost of goods soldInventory5InventoryCash6Utilities ExpenseCash7InventoryCash8Miscellaneous ExpenseCash9Tax ExpenseCash10Transportation ExpenseCash
PROBLEM 4: IDENTIFYING THE ACCOUNTS AFFECTEDTRANSACTIONSACCOUNT TITLES AFFECTEDDrCr1Accounts ReceivableSales2Cost of goods soldInventory3CashAccounts Receivable4InventoryAccounts Payable5CashLoan Payable6Accounts PayableCash7CashOwner's, Capital8Loan PayableCash9Interest ExpenseCash10Owner's, WithdrawalCash

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Term
Spring
Professor
N/A
Tags
Balance Sheet, Generally Accepted Accounting Principles, Miranda

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