Prelim_1_Spring_06_Answer_KEY_FINAL_VERSION_Solutions

Prelim_1_Spring_06_Answer_KEY_FINAL_VERSION_Solutions -...

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David Dittman Answer Sheet – Financial Accounting PRELIMINARY EXAM 1 – February 28, 2006 HA-121 Financial Accounting Prof. David A. Dittman PRELIMINARY EXAMINATION 1 February 28, 2006 7:30 to 10:30 p.m. STUDENT NAME: _____________________________________ CUID NUMBER: __________________________ Academic integrity is expected of all students of Cornell University at all times, whether in the presence or absence of member of the faculty. Understanding this, I declare I have not given, used, or received unauthorized aid on this preliminary examination . Signature: ____________________________ Directions: Mark your answers on the Answer Sheet. If you need to leave the room during this examination, ask for permission from the proctor. When you are finished turn your Answer Sheet and Test booklet in to the exam proctor. Make sure your name is on the Answer Sheet and the Test Booklet.
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David A. Dittman Answer Sheet –Financial Accounting Prelim 1- February 28, 2006 A nswer Sheet – Prelim 1 TRUE/FALSE QUESTIONS (Each question is worth 1 point . Please X the one you believe to be correct. 1. T F 2. T F 3. T F 4. T F 5. T F 6. T F 7. T F 8. T F 9. T F 10. T F 11. T F 12. T F 13. T F 14. T F 15. T F MULTIPLE CHOICE QUESTIONS (Each question is worth 2 point . Please X the one you believe to be correct. 16. A B C D E 17. A B C D E 18. A B C D E 19. A B C D E 20. A B C D E 21. A B C D E 22. A B C D E 23. A B C D E 24. A B C D E 25. A B C D E 26. A B C D E 27. A B C D E 28. A B C D E 29. A B C D E 30. A B C D E 31. A B C D E 32. A B C D E 33. A B C D E 34. A B C D E 35. A B C D E 36. A B C D E 37. A B C D E 38. A B C D E 39. A B C D E 40. A B C D E 2
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David A. Dittman Answer Sheet –Financial Accounting Prelim 1- February 28, 2006 Problem 1. 1 point each = 8 points total General Journal Ref. Description Debit Credit Problem 1 Requirement 1: Entries to record the events of the year (these items are from Section A in the Problem) (a) Cash 1500,000 Accounts Receivable 500,000 Room Revenue 2,000,000 (b) Dividends Payable 200,000 Cash 200,000 (c) Unearned Room Revenue 6,000 Room Revenue 6,000 (d) Prepaid Insurance 12,000 Cash 12,000 (e) Wage Expense 1,000,000
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Prelim_1_Spring_06_Answer_KEY_FINAL_VERSION_Solutions -...

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