Unit_4_solutions_to_Textbook_Exercises

Unit_4_solutions_to_Textbook_Exercises - PE 31A a. Yes b....

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PE 3–1A a. Yes c. No e. Yes b. No d. Yes f. Yes PE 3–2A a. Unearned revenue c. Prepaid expense b. Accrued expense d. Accrued revenue PE 3–3A Supplies Expense. ........................................................... 2,756 Supplies. ..................................................................... 2,756 Supplies used ($1,245 + $2,860 – $1,349). Prob. 3–5A 1. a. Insurance Expense. ................................................. 4,500 Prepaid Insurance. ............................................. 4,500 Insurance expired ($7,200 – $2,700). b. Supplies Expense. ................................................... 1,500 Supplies. ............................................................. 1,500 Supplies used ($1,980 – $480). c. Depreciation Expense—Building. .......................... 1,600
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Accumulated Depreciation—Building. ............ 1,600 Building depreciation. d. Depreciation Expense—Equipment. ..................... 4,400 Accumulated Depreciation—Equipment. ........ 4,400
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This note was uploaded on 04/22/2009 for the course BUS 181 taught by Professor Ms. smith during the Spring '09 term at Harold Washington College - CCC.

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Unit_4_solutions_to_Textbook_Exercises - PE 31A a. Yes b....

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