hmwk_ch3 - PRACTICE EXERCISES PE 31A a. Yes b. No c. No d....

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PRACTICE EXERCISES PE 3–1A a. Yes c. No e. Yes b. No d. Yes f. Yes PE 3–1B a. No c. Yes e. Yes b. No d. No f. No PE 3–2A a. Unearned revenue c. Prepaid expense b. Accrued expense d. Accrued revenue PE 3–2B a. Accrued expense c. Prepaid expense b. Accrued revenue d. Unearned revenue PE 3–3A Supplies Expense. ........................................................... 2,756 Supplies. ..................................................................... 2,756 Supplies used ($1,245 + $2,860 – $1,349). PE 3–3B Insurance Expense. ......................................................... 6,525 Prepaid Insurance. ..................................................... 6,525 Insurance expired ($4,800 + $5,850 – $4,125).
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PE 3–4A Unearned Fees. ................................................................ 16,288 Fees Earned. ............................................................... 16,288 Fees earned ($23,676 – $7,388). PE 3–4B Unearned Rent. ................................................................ 2,875 Rent Revenue. ............................................................ 2,875 Rent earned [($6,900/12) × 5 months]. PE 3–5A Accounts Receivable. ..................................................... 7,234 Fees Earned. ............................................................... 7,234
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This note was uploaded on 04/27/2008 for the course ACG 2021 taught by Professor Cobb during the Spring '08 term at Saint Petersburg.

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hmwk_ch3 - PRACTICE EXERCISES PE 31A a. Yes b. No c. No d....

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