Exercise templates

Exercise templates - 2. 3. 4. 5. 6. EXERCISE 1-11B Event...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 1 Templates EXERCISE 1-3B Entities mentioned: Effect on cash: EXERCISE 1-5B Title or Account Financial Statement(s) a. Common Stock b. Land c. Ending Cash Balance d. Beginning Cash Balance e. Notes Payable f. Retained Earnings g. Revenue h. Dividends i. Financing Activities j. Salary 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
Chapter 1 Templates EXERCISE 1-6B a. Best Pizza Company Accounting Equation Claims Assets = Liabilities + Stockholders’  Equity $8,500 = + $6,200 Liabilities Claims b. Mollie’s Ice Cream Accounting Equation Claims Assets = Liabilities + Stockholders’  Equity
Background image of page 2
Chapter 1 Templates = $1,200 + $4,400 Assets  $ Net Assets = Assets  -  Liabilities $ or Net Assets = Total Stockholders’ Equity $ c.  Fireworks, Inc. Accounting Equation Claims Assets = Liabilities + Stockholders’  Equity $98,300 = $44,700 + Stockholders’ Equity Residual interest is equal to stockholders’ equity  $
Background image of page 3

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

View Full DocumentRight Arrow Icon
Chapter 1 Templates EXERCISE 1-7B Star Co. Accounting Equation for 2006 Stockholders’ Equity Event  Number Assets = Liabilities + Common  Stock Retained  Earnings 1.
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
Background image of page 7

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

View Full DocumentRight Arrow Icon
Background image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2. 3. 4. 5. 6. EXERCISE 1-11B Event Statement of Cash Flow Classification a. b. c. d. e. f. g. Chapter 1 Templates h. i. j. EXERCISE 1-14B Event Classification 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. EXERCISE 1-18B Chapter 1 Templates Accounting Equation Stockholders Equity Common Retained Company Assets = Liabilities + Stock + Earnings A = 25,000 + 48,000 + 50,000 B 40,000 = + 7,000 + 30,000 C 75,000 = 15,000 + + 42,000 D 125,000 = 45,000 + 60,000 + Chapter 1 Templates EXERCISE 1-19B a. December 31, 2008 Assets = Liabilities + Common Stock + Retained Earnings Or: $ b. December 31, 2009 Revenue-Expenses = Net Income c. Assets, January 1, 2009 $ Less: Debt Reduction, 2009 Plus: 2009 Net Income Less: 2009 Dividends Assets, December 31, 2009 d. Liabilities, January 1, 2009 Paid on debt Liabilities, December 31, 2009 Chapter 1 Templates...
View Full Document

Page1 / 8

Exercise templates - 2. 3. 4. 5. 6. EXERCISE 1-11B Event...

This preview shows document pages 1 - 8. Sign up to view the full document.

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