key+to+Fall+2010+Exam+2+TSA

key+to+Fall+2010+Exam+2+TSA - Exam 2 Key Part I: 1 C 2 C 3...

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Exam 2 – Key Part I : 1 C 2 C 3 A 4 A 5 A 6 D 7 A 8 B 9 C 10 D Part II                      Journal Entry (1) 10/5/02:                Cash                                        25,000        Common stock                            25,000 Effect on Balance   Sheet: A      L      SE         NE     Effect on Income   Statement:  NI  __     NE     _                               Journal Entry (2) 11/1/02:                Equipment                           4,000           Cash                                      2,000              Accounts payable                  2,000 Effect on Balance   Sheet: A      L      SE                        NE  Effect on Income
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This note was uploaded on 11/16/2010 for the course ACCT 2101 taught by Professor Turner during the Spring '08 term at Georgia Tech.

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key+to+Fall+2010+Exam+2+TSA - Exam 2 Key Part I: 1 C 2 C 3...

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