AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2

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

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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

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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

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

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