Section 1 Inclass Quiz

Section 1 Inclass Quiz - Assets 60,000 Liabilities ? Owners...

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

View Full Document Right Arrow Icon
Acc 200P Name: ________________________ Lab Section #_________________ Section 1 - Role of Accounting in Business Beginning of the year: Assets $40,000 Liabilities 18,000 Owners’ Equity ? End of the year:
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Assets 60,000 Liabilities ? Owners Equity 32,000 During the year: Additional issuance of capital stock 5,000 Revenues 120,000 Expenses ? Dividends 4,000...
View Full Document

This note was uploaded on 01/11/2011 for the course ACC 200 taught by Professor Buckless during the Winter '08 term at N.C. State.

Ask a homework question - tutors are online