Solution to Quiz 1 --2007 (section 1) to post

Solution to Quiz 1 --2007 (section 1) to post - ACCT 410x...

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ACCT 410x Professor Bonner SOLUTION TO QUIZ 1 – FALL 2007 NOTE TO 2008 STUDENTS: You have Version A, so use those answers below. Section 1: Multiple Choice (30 points) Each question was worth 5 points if you wrote the correct answer in the blank. If you circled the correct answer but didn’t put it in the blank, you got 2 points. PLEASE NOTE: THIS IS THE ONLY QUIZ ON WHICH I WILL GIVE PARTIAL CREDIT IF YOU DIDN’T WRITE THE ANSWER IN THE BLANK. From now on, the answer must be written in the blank. Question Version A Version B 1 D D 2 D D 3 C B 4 B A 5 C D 6 B C Section 2: Recording Balance Sheet Transactions (30 points) Version A Cash AR Inv Prepai d Exp Land Bldg Furn Equip Accum Depr Total Assets Accts Pay Acc Liabs Long Term Debt Con Cap Ret Ear n Total Liab + Own. Eq. Ex. (200) 200 0 0 T1 300,000 200,000 500,000 T2 500,000 500,000 T3 (5,000) 30,000 25,000 T4 No Transac. Recorded T5 50,000 50,000
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Version B Cash AR Inv Prepai d Exp Land Bldg Furn Equip Accum Depr Total Assets Accts Pay
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This note was uploaded on 10/26/2008 for the course ACCT 410x taught by Professor Bonner during the Fall '06 term at USC.

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Solution to Quiz 1 --2007 (section 1) to post - ACCT 410x...

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