DonnaMcNeill_AC114unit2

DonnaMcNeill_AC114unit2 - Exercise 1-7 Name: Donna McNeill...

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Exercise 1-7 Name: Donna McNeill Section: AC114-03AU Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. Owner's Assets = Liabilities + Equity a. $760,000 = $240,000 + $520,000 ## b. $880,000 ### = $312,000 ## + $568,000 ## c. $700,000 ### = $261,600 ## + $438,400 ## d. $860,000 ### = $201,600 ## + $658,400 ## e. $960,000 ### = $156,000 ## + $804,000 ## Donna Ahern, Capital, January 1, 2010 $520,000 ## Add: Net Income 284,000 ## Less: Withdrawals 0 ## Donna Ahern, Capital, December 31, 2010 $804,000 ##
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Exercise 1-8 Name: Donna McNeill Section: AC114-03AU Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to or below an incorrect entry in the outlined c a. liability ### b. asset ### ### c. owner's equity ### ### d. asset ### ### e. asset ### ### f. owner's equity ###
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Exercise 1-12 Name: Donna McNeill Section: AC114-03AU Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to or below an incorrect entry in the outlined cells.
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DonnaMcNeill_AC114unit2 - Exercise 1-7 Name: Donna McNeill...

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