Chapter 3 solutions on discussion questions

Chapter 3 solutions on discussion questions - BUSI1002...

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BUSI1002 Introduction to Accounting Class Discussion Chapter 3 Suggested Solutions for Discussion Questions Brief Ex 3.2 Oct. 1 Cash …………………………………………………… 200,000 Capital Stock ……………………………… 200,000 Issued capital stock at $50 per share. 4 Diagnostic Equipment …………………………………. 75,000 Cash …………………………………… 25,000 Notes Payable …………………………. 50,000 Purchased equipment, paying part in cash and signing a note payable for the balance. 12 Accounts Payable ………………………………………. 9,000 Cash …………………………………. . 9,000 Paid account payable to Zeller Laboratories. 19 Surgical Supplies ……………………………………. 2,600 Accounts Payable ……………………. . 2,600 Purchased surgical supplies on account. 25 Cash ………………………………………………… 24,000 Accounts Receivable …………………. . 24,000 Collected amount owed from Health One Insurance.
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Chapter 3 solutions on discussion questions - BUSI1002...

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