LAST NAME: _____________ FIRST NAME______________PUID_________________
Please write your name in BLOCK letters and in the format: Last name, First name.
Management 200 – Introductory Financial Accounting– Fall 2009
Krannert School of Management - Purdue University
Homework 2 – due Friday, September 25, 2009 - SOLUTION
This homework must be turned in on this sheet of pages (please staple). It is preferred that
you print it out two-sided if at all possible. Assignments not completed on this form will not be graded. The
grade for this assignment will be based on the correctness of a partial portion of the assignment – the full
assignment will not be graded. Please print your name and PUID clearly and legibly in the spaces above.
Bibliomaniac Corporation, a bookstore, provides the following post-closing trial
balance as at December 31, 2007. A trial balance is a list of accounts, typically in
financial statement order, with their ending debit or credit balances in the next two
columns to provide a check on the equality of debits and credits.
Post-closing trial balance, December 31, 2007
Plant and equipment, at cost
Income tax payable
Subscriptions received in advance
Capital stock (32,000 shares outstanding)
Cost of goods sold
Selling, general, and administrative expense
Income tax expense
Homework 2 continued over