AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2

AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 - Exercise 1-7...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 1-7 Name: Kasey Fischer Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. Owner's Assets = Liabilities + Equity a. $760,000 = $240,000 + $520,000 b. $880,000 = $312,000 + $568,000 c. $700,000 = $261,600 + $438,400 d. $860,000 = $201,600 + $658,400 e. $960,000 = $156,000 + $804,000 Donna Ahern, Capital, January 1, 2010 $520,000 Add: Net Income 284,000 Less: Withdrawals 0 Donna Ahern, Capital, December 31, 2010 $804,000
Background image of page 1

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

View Full DocumentRight Arrow Icon
Background image of page 2
Background image of page 3

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

View Full DocumentRight Arrow Icon
Background image of page 4
Exercise 1-8 Name: Kasey Fischer Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to or below an incorrect entry in the outlined c a. Liability b. Asset c. Owner's Equity d. Asset e. Asset f. Owner's Equity
Background image of page 5

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

View Full DocumentRight Arrow Icon
Exercise 1-12 Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to or below an incorrect entry in the outlined cells. 1
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 9

AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 - Exercise 1-7...

This preview shows document pages 1 - 7. Sign up to view the full document.

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