Web Homework 3 Chapter 2

Web Homework 3 - verify that your assignment was successfully submitted The answer sheet will be posted to Blackboard after class on Tuesday A For

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The University of Texas at Austin McCombs School of Business ACC 310F: Foundations of Accounting Homework #3 Once you have completed the assignment below, you must enter your answers on the answer sheet provided in the Assignments section of Blackboard; not all homework answers will be turned in. Answers should be entered using numeric characters without a dollar sign, comma or decimal point unless specified otherwise. Although you can “Save” your answers while working, you must “Submit” them to get credit for the assignment. Once submitted, your answers cannot be changed. Where appropriate, partial credit will be given and carry-through errors will not be double-counted. Your answer sheet is due by 8am on Tuesday, March 31, 2009; print or save your confirmation page to
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Unformatted text preview: verify that your assignment was successfully submitted. The answer sheet will be posted to Blackboard after class on Tuesday, March 24, 2009. A. For the company you selected, prepare a journal entry for each transaction using the following accounts as needed: Cash Rental Revenue Buildings Misc. Revenue Property Rent Expense Note Payable Misc. Expense Capital Withdrawals B. Prepare and post your journal entries to ledger accounts for each year. C. Prepare an income statement, statement of owners’ equity and balance sheet for each year. D. Briefly comment on your company’s results. E. Briefly describe two changes (other than rolling the dice better!) that could help improve your company’s future performance....
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This note was uploaded on 06/15/2009 for the course ACC 02255 taught by Professor Verduzco during the Spring '09 term at University of Texas at Austin.

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