Exam 1 Review - Comprehensive Review of Financial...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Comprehensive Review of Financial Accounting Basics This is a comprehensive review of Chapters 1 through 5. Mallard Clothing, a retail corporation, had the following post-closing trial balance, December 31, 19X4 (in thousands of dollars): ------------------------------------------------------------------------------------------------------------ Account Number Name of Account Dr. Cr. ------------------------------------------------------------------------------------------------------------ 10 Cash 30 20 Accounts receivable 91 34 Notes receivable, current 100 35 Accrued interest receivable 16 40 Merchandise inventory 160 52 Prepaid fire insurance 3 62 Notes receivable, long-term 100 74 Equipment 120 74A Accumulated depreciation, equipment 76 100 Accounts payable 90 111 Accrued wages payable 8 123 Accrued income taxes payable 4 137 Unearned sales revenue 10 200 Paid-in capital 110 230 Retained income 322 ___ ___ 620 620 The following summarized transactions (in thousands of dollars) occurred during 19X5:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/24/2009 for the course BA 2301 taught by Professor Mattpolze during the Fall '08 term at University of Texas at Dallas, Richardson.

Page1 / 2

Exam 1 Review - Comprehensive Review of Financial...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online