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A100+Exam+2+Spring+1+2008+Version+A - A100 Final Exam...

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Jujingi Company's financial statements included the following items for the year 2008: Borrowed cash from bank $10,000 Office supplies expense $12,000 A100 Final Exam Spring 1 2008 First Eight Weeks Exam version A Instruction 1: Fill in the information below. Write clearly: NAME (print): E-mail address: . Name (Signature): Student i.d. # : . Course Section #: . Instruction 2: Read carefully and follow the directions below: There are 34 multiple-choice questions on this exam. Be sure your exam is complete. You will have until 11:00 p.m. to finish the exam. For each question, select the best answer from among the alternatives provided. In order to receive credit for your answers, you must mark them on the machine-readable answer sheet provided. Answers on the exam itself, or calculations thereon, will not be considered in grading the exam. The answer sheet should be completed as follows: - Name (Last name (followed by a space), then first name. Fill in the bubbles below. See example at the front of the room. - Student identification number. Fill in the bubbles below. See example at the front of the room. - In the “Special Codes” area, fill in your section number in columns (k through o). Fill in the bubbles below. See example at the front of the room. - There are multiple versions of this exam. Indicate your version on the answer sheet by entering an “A” in the very last space of the NAME section of your answer sheet. Fill in the “A” bubble below. See example at the front of the room. You may not use scrap paper during the exam. The only calculator you may use is the one specifically allowed for A100. Put away all materials (if you have a backpack, etc. be sure that it is zipped up!) before the exam begins. When you complete the exam (including checking your work if you have time), place your answer sheet behind your exam (so that the answers are NOT visible to others as you leave the room ) and turn both the exam and answer sheet in to the exam proctor as you leave the room. NO EXAM MATERIALS MAY LEAVE THIS ROOM. Failure to turn in all exam materials or FAILURE TO FOLLOW DIRECTIONS DURING THE EXAM IS A VIOLATION OF THE HONOR CODE AND WILL RESULT IN A GRADE OF “F” IN THE COURSE. Do not ask the exam proctors questions during the exam. If you discover an error or ambiguity on the exam, make the best assumption you can and continue working. GOOD LUCK!
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Paid to inventory suppliers ($40,000) Paid cash for insurance ($21,000) Interest expense $6,000 Paid cash for wages ($34,000) Revenues $130,000 Paid cash for land ($8,000) Paid cash for utilities ($12,000) Loss from sale of land $2,000 Paid dividends ($2,000) Depreciation expense - building $9,000 Answer questions 1 through 12 for Jujingi for the year 2008: 1 Jujingi's beginning and ending retained earnings balances were $9,000 and $11,000, respectively. What was Jujingi's net income? a $0
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A100+Exam+2+Spring+1+2008+Version+A - A100 Final Exam...

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