Study Guide_ Chapters 1- 4.pdf - StudyGuide:Chapters14 My Dashboard My courses ACCT2301:64530-Prin of Financial Accounting Chapter 4 Study Guide

Study Guide_ Chapters 1- 4.pdf - StudyGuide:Chapters14 My...

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6/13/2017 Study Guide: Chapters 1­ 4 1/15 My Dashboard / My courses / ACCT2301:64530-Prin of Financial Accounting / Chapter 4 / Study Guide: Chapters 1- 4 / Preview Started on Tuesday, 13 June 2017, 11:54 PM State Finished Completed on Tuesday, 13 June 2017, 11:54 PM Time taken 33 secs CLICK HERE TO REVIEW LEARNING OBJECTIVES ±
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6/13/2017 Study Guide: Chapters 1­ 4 2/15 Q UESTION 1 Incorrect Not graded Balance Sheet The following balance sheet data are for Normandy Catering Service, a corporation at May 31, 2016: Accounts Receivable $18,500 Accounts payable $5,200 Notes Payable 20,000 Cash 12,200 Equipment, net 55,000 Common Stock 42,500 Supplies 16,400 Retained Earnings ? Required Prepare a balance sheet for Normandy as of May 31, 2016. NORMANDY CATERING SERVICE Balance Sheet ASSETS $ 0 0 Supplies 0 Equipment 0 Total Assets $ 0 LIABILITIES Accounts Payable $ 0 0 Total Liabilities $ 0 STOCKHOLDERS' EQUITY $ 0 0 Total Stockholders' Equity $ 0 Total Liabilities and Stockholders' Equity $ 0
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6/13/2017 Study Guide: Chapters 1­ 4 3/15 Q UESTION 2 Not answered Not graded The Accounting Equation Determine the missing amount in each of the following cases: Assets Liabilities Stockholders' Equity a. $200,000 $81,000 $ b. $ $32,000 $35,400 c. $93,000 $ $60,000 Q UESTION 3 Not answered Not graded The Accounting Equation Determine the missing amount in each of the following cases: Assets Liabilities Stockholders' Equity a. $300,000 $95,000 $ b. $ $52,000 $28,000 c. $113,000 $ $52,000 CLICK HERE TO REVIEW LEARNING OBJECTIVES ± CLICK HERE TO REVIEW LEARNING OBJECTIVES ± CLICK HERE TO REVIEW LEARNING OBJECTIVES ±
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6/13/2017 Study Guide: Chapters 1­ 4 4/15 Q UESTION 4 Not answered Not graded The Account The following transactions occurred during December, the first month of operations for Harris Company. Prepare journal entries and create a T-account for accounts payable that includes the following five transactions. 1 Purchased $1,100 of inventory on account.
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