Opt_Prob_Solutions_chap_9_Solutions

Opt_Prob_Solutions_chap_9_Solutions - Chapter 9 Optional...

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Unformatted text preview: Chapter 9 Optional Problem Solutions AP91. Req. 1 January 15 Tax Expense (+E, -SE)........................................................... 125,000 Taxes Payable (+L)............................................................. 93,000 Deferred Tax Liability (+L).................................................. 32,000 January 31 Interest Payable (-L)............................................................... 52,000 Cash (-A)............................................................................. 52,000 April 30 Cash (+A)............................................................................... 550,000 Note Payable (+L)............................................................... 550,000 June 3 Inventory (+A)......................................................................... 75,820 Accounts Payable (+L)........................................................ 75,820 July 5 Accounts Payable (-L)............................................................ 75,820 Cash (-A).............................................................................Cash (-A)....
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Opt_Prob_Solutions_chap_9_Solutions - Chapter 9 Optional...

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