solutions to problems p3-3 and p4-4

solutions to problems p3-3 and p4-4 - g Deferred revenue d...

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P3–3. Req. 1 Req. 2 Balance Sheet Income Statement Assets Liabilities Stockholders’ Equity Revenues Expenses Net Income Stmt of Cash Flows a. + / – NE NE NE NE NE I b. + NE + + NE + O c. NE NE + NE* d. NE NE NE NE F e. + NE + O f. + NE + + NE + O g. NE NE + O h. + / – + NE NE NE NE O * Cash is not affected in this transaction. P4–4. Req. 1 a. Deferred revenue e. Deferred expense b. Accrued expense f. Deferred expense c. Accrued revenue
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Unformatted text preview: g. Deferred revenue d. Accrued expense h. Accrued expense Req. 2 Balance Sheet Income Statement Transaction Assets Liabilities Stockholders’ Equity Revenues Expenses Net Income a. NE –4,800 +4,800 +4,800 NE +4,800 b. NE +14,300 –14,300 NE +14,300 –14,300 c. +2,000 NE +2,000 +2,000 NE +2,000 d. NE +600 –600 NE +600 –600 e. –1,000 NE –1,000 NE +1,000 –1,000 f. –1,500 NE –1,500 NE +1,500 –1,500 g. NE –400 +400 +400 NE +400 h. NE +400 –400 NE +400 –400...
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This note was uploaded on 02/05/2011 for the course ACCT 301 taught by Professor Hasan during the Fall '09 term at George Mason.

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solutions to problems p3-3 and p4-4 - g Deferred revenue d...

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