TeamEx-2 - Acc 310F - Summer 2010 Team Exercise #2 Class:...

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Unformatted text preview: Acc 310F - Summer 2010 Team Exercise #2 Class: 11:30 (7.23.10) Team #: Team Member Name (please print): Team Member Signature: Your team's solution must be turned in on the answer sheet provided. Also, each team member must sign THIS sheet and turn it in with the team's solution to receive credit for the exercise. Please ***alphabetize *** these sheets (or lose 1 point) before they are stapled behind your answer sheet. Below is account information from a companys two most recent years: 2009 2008 Sales revenue $1,178,702 $1,061,332 Cost of goods sold (719,008) (656,686) Wages expense (247,528) (234,272) Rent expense (60,232) (56,104) Depreciation expense (49,742) (45,256) Supplies expense (27,110) (21,502) Cash 126,336 115,690 Accounts receivable 96,772 86,212 Merchandise inventory 260,494 234,404 Prepaid rent 5,060 4,628 Supplies 2,258 1,904 Property and equipment 730,796 657,126 Accumulated Depreciation (87,696) (37,954) Accounts payable 51,906 47,348 Wages payable 20,544 19,000 Unearned revenue...
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TeamEx-2 - Acc 310F - Summer 2010 Team Exercise #2 Class:...

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