Prelim_1_Spring_07_Answer_KEY - David A. Dittman...

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David A. Dittman HADM 121 - Financial Accounting Preliminary Examination 1 Answer Sheet HA-121 Financial Accounting Prof. David A. Dittman PRELIMINARY EXAMINATION 1 February 22, 2007 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. 1
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David A. Dittman HADM 121 - Financial Accounting Preliminary Examination 1 Answer Sheet 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 HADM 121 - Financial Accounting Preliminary Examination 1 Answer Sheet Problem 1. 1 point each = 9 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 3,500,000 Accounts Receivable 500,000 Rooms Revenue 4,000,000 (b) Cash 600,000 Accounts Receivable 600,000 (c) Dividends Payable 300,000 Cash 300,000 (d) Unearned Room Revenue 30,000 Room Revenue 30,000 (e) Cash 45,000 Unearned room revenue 45,000 (f) Wage Expense 1,870,000 Utility Expense 130,000 Cash 2,000,000 (g) Supplies 70,000 Accounts Payable 70,000 (h) Accounts Payable 60,000 Income Taxes Payable 321,300 Wages Payable 50,000 Cash 431,300 (i) Note Payable 1,500,000 Interest Payable 225,000 Interest Expense 45,000 Cash 1,770,000 1 point each = 6 points total 3
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David A. Dittman
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This note was uploaded on 04/07/2009 for the course H ADM 121 taught by Professor Ddittman during the Fall '07 term at Cornell University (Engineering School).

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Prelim_1_Spring_07_Answer_KEY - David A. Dittman...

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