Acct 267 Ch 9 Homework

Acct 267 Ch 9 Homework - Pledges Brochures Grants Cash...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
PROBLEM 9-24 Assets Liabilities and Net Ass Liabilities N Student Guide Office Accounts Notes Unre- Cash Inventory Equipment Intangibles Payable Payable Stricted Beginning Balance $0 $0 $0 $0 $0 $0 $0 Transaction # 1 20,000 20,000 Transaction # 2 1,000 1,000 Transaction # 3 5,000 5,000 Transaction # 4 -4,000 4,000 Transaction # 5 -2,000 2,000 Ending Balance $14,000 $5,000 $4,000 $1,000 $8,000 $20,000 $0 =
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
sets Net Assets Tempo- Perma- rarily nently restricted restricted $0 $0 $0 $0
Background image of page 2
PROBLEM 9-25 (Statement of Financial Position) AFMSA Statement of Financial Position as of the End of the Month Assets Current assets Cash Student Guide Inventory Total current assets $0 Long-term assets Office Equipment Intangibles - Web Site Total long-term assets $0 Total Assets $0 Liabilities & Net Assets Liabilities Short-term liabilities Accounts payable Total short-term liabilities $0 Long-term liabilities Notes payable Total long-term liabilities $0 Total Liabilities $0 Net assets Unrestricted Temporarily restricted Permanently restricted Total net assets $0 Liabilities and Net Assets $0
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
PROBLEM 9-27 SOLUTION Assets = Liabil
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Pledges Brochures Grants Cash Receivable Inventory Investments Furniture Payable Beginning Balance Transaction # 1 Transaction # 2 Transaction # 3 Transaction # 4 Transaction # 5 Transaction # 6 Ending Balance Liabilities and Net Assets ilities Net Assets Tempo-Perma-Notes Unre-rarily nently Payable Stricted restricted restricted PROBLEM 9-28 NOTE: The numbers in this solution are linked to the Solution to problem 9-27. This is intended to give students practice linking worksheets from different files. FADD Statement of Financial Position as of the End of the Fiscal Year Assets Current assets Cash Brochures Inventory Total current assets Long-term assets Investments Furniture Total long-term assets Total Assets Liabilities & Net Assets Liabilities Long-term liabilities Notes payable Total long-term liabilities Total Liabilities Net assets Unrestricted Temporarily restricted Permanently restricted Total net assets Liabilities and Net Assets...
View Full Document

Page1 / 6

Acct 267 Ch 9 Homework - Pledges Brochures Grants Cash...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online