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ANSWERS Homework 1 Chapter 1

ANSWERS Homework 1 Chapter 1 - The University of Texas at...

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The University of Texas at Austin McCombs School of Business ACC 310F: Foundations of Accounting Homework #1 Once you have completed the assignment below, you must enter your answers in the Assignments section of Blackboard on the answer sheet provided; not all homework answers will be turned in. Your answer sheet is due by 8am on Monday, Sept. 15, 2008; print or save your conformation page to verify that your assignment was successfully submitted. If you have any clarification questions about the assignment, please post a note on the ACC 310F Class Q&A Discussion Board located in the Communication section of Blackboard. Initech Corporation was founded on January 1, 2006 when its owners invested $75,000. Since then, the company has been fairly successful and no additional investments have been made; however, in an effort to save some money, the president has been keeping track of the financial records rather than hiring a professional accountant. Although some data is missing, a comparative two year report appears below.
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