Homework Session 2 Spring 2010 - Session 2 Homework Spring...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Session 2 Homework Spring 2010 MULTIPLE CHOICE 1. b 6. c 2. d 7. a 3. d 8. d 4. a 9. b 5. d 10. a M2–5. Assets = Liabilities + Stockholders’ Equity a. Cash +20,000 Notes payable +20,000 b. Cash –7,000 Notes receivable +7,000 c. Cash +1,000 Contributed capital +1,000 d. Cash Equipment –6,000 +15,000 Notes payable +9,000 e. Cash –2,000 Retained earnings –2,000
Background image of page 1

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

View Full DocumentRight Arrow Icon
M2–8. a. Cash (+A). ............................................................................. 20,000 Notes Payable (+L). ........................................................ 20,000 b. Notes Receivable (+A). ......................................................... 7,000 Cash ( - A). ........................................................................ 7,000 c. Cash (+A). ............................................................................. 1,000 Contributed Capital (+SE). .............................................. 1,000 d. Equipment (+A). .................................................................... 15,000 Cash ( - A). ........................................................................ 6,000
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/25/2010 for the course HADM 1121 taught by Professor Dittman during the Spring '07 term at Cornell University (Engineering School).

Page1 / 6

Homework Session 2 Spring 2010 - Session 2 Homework Spring...

This preview shows document pages 1 - 3. Sign up to view the full document.

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