JenniferJohnson296_AC116_TEXTBOOK_EXERCISES_TEMPLATE_-_UNIT_5_

JenniferJohnson296_AC116_TEXTBOOK_EXERCISES_TEMPLATE_-_UNIT_5_

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Jennifer Johnson Section: AC116 Enter the appropriate amount or account in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. JOURNAL Date Description Debit Credit Jan. 15 Merchandise Inventory 220,000 Accounts Payable 220,000 Feb. 14 Accounts Payable 220,000 Notes Payable 220,000 Apr. 14 Notes Payable 220,000 Interest Expense 2,200 Cash 222,200 June 2 Cash 187,500 Notes Payable 187,500 July 10 Tools 187,150 Interest Expense 2,850 Notes Payable 190,000 Aug. 1 Notes Payable 187,500 Interest Expense 2,500 Notes Payable 187,500 Cash 2,500 Sept. 30 Notes Payable 187,500 Interest Expense 3,125 Cash 190,625 Oct. 8 Notes Payable 190,000 Cash 190,000 Dec. 1 Office Equipment 120,000 Notes Payable 100,000 Cash 20,000 5 Litigation Loss 76,000 Litigation Claims Payable 76,000 31 Notes Payable 10,000 Interest Expense 50 Cash 10,050 2. a. Product Warranty Expense
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/19/2011 for the course AC 116 taught by Professor Hill during the Spring '08 term at Kaplan University.

Page1 / 8

JenniferJohnson296_AC116_TEXTBOOK_EXERCISES_TEMPLATE_-_UNIT_5_

This preview shows document pages 1 - 2. Sign up to view the full document.

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