Chapter 2 Templates ACC 240

Chapter 2 Templates ACC 240 - Student Name: Class:...

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Student Name: Class: Demonstration Case 2 Requirement 1: STOCKHOLDERS' ASSETS = LIABILITIES + EQUITY + + Note + + + Accounts + Notes + Contributed - Cash - Receivable - Equipment - Land - Payable - Payable - Capital (a) (b) (c) (d) (e) (f) (g) Requirement 2: (a) dr cr (b) dr cr (c) dr cr (d) dr cr (e) dr cr (f) dr cr (f) dr cr Requirement 3: ASSETS = LIABILITIES + STOCKHOLDERS' EQUITY Cash (A) Equipment (A) Accounts Payable (L) Contributed Capital (SE) Note Receivable (A) Land (A) Note Payable (L) Requirement 4: GOODBYE GRASS CORPORATION Balance Sheet At April 30, 2010 Assets Liabilities Current assets Current liabilities Cash Accounts Payable Note Receivable Note Payable Total Current Assets Total Current Liabilities Equipment Stockholders' Equity Land Contributed Capital Retained Earnings Total Assets Total Liabilities and Stockholders' Equity
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Given Data DC2: GOODBYE GRASS CORPORATION April Transactions: (a)Issues stock for cash $9,000
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Student Name: Class: Coached Problem 2-1 Requirement 2: STOCKHOLDERS' ASSETS = LIABILITIES + EQUITY + + + + + + Notes + Contributed +
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This note was uploaded on 02/01/2011 for the course ACC 240 taught by Professor Lewis during the Fall '08 term at Eastern Michigan University.

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Chapter 2 Templates ACC 240 - Student Name: Class:...

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