ToshaCollins_Unit 4 Homework

ToshaCollins_Unit 4 Homework - retained earnings-4,800...

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Exercise 3-6 1. Deferred revenue (or unearned revenue) 2. Accrued expense (or accrued liability) 3. Deferred revenue (or unearned revenue) 4. Accrued revenue (or accrued asset) 5. Deferred expense (prepaid expense) 6. Accrued expense (or accrued liability) 7. Accrued revenue (or accrued asset) 8. Deferred expense (prepaid expense)
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Exercise 3-13 a. wages pay 7,200 retained earnings -7,200 wages expense -7,200 b. wages pay 4,800
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Unformatted text preview: retained earnings-4,800 wages expense 4,800 Exercise 3-20 a. Accounts receivable 27,100 Fees Earned 27,100 Fees earned is also Retained Earnings b. Fees Earned for Cash 27,100 Retained Earnings 27,100 with cash there is a transaction, with accruals there are adjustments. Exercise 3-27 a. Accounts Receivable Cash Supplies Prepaid Insurance b. Office Equipment Building...
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This note was uploaded on 06/10/2010 for the course AC113 AC113 taught by Professor Cochran during the Spring '10 term at Kaplan University.

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ToshaCollins_Unit 4 Homework - retained earnings-4,800...

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