{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

320CheckFigures_03 - is receiving cash(from B.D Mehta and...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 3 The Accounting Information System CHECK FIGURES FOR SELECTED EXERCISES BRIEF EXERCISE 3-1 The May 1 entry wording might be confusing. B.D. Mehta is an individual and is making a $4,000 investment into a small welding corporation. The small welding corporation is Mehta Company and this transaction is from the company’s viewpoint. So, the company
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: is receiving cash (from B.D. Mehta) and issuing common stock. EXERCISE 3-5 No real check figures to post. Just prepare the adjusting entries as necessary. They are for a quarter so some of the amounts need to be multiplied by 3. NOTE: #4 means the supplies remaining are worth $650 (ending balance) 3-1...
View Full Document

{[ snackBarMessage ]}