Copy of AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2

Copy of AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 -...

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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. = + $568,000 c. $- * = + $438,400 d. = + $658,400 e. $960,000 = $156,000 + $804,000 Donna Ahern, Capital, January 1, 2010 Add: Net Income Less: Withdrawals Donna Ahern, Capital, December 31, 2010
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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 c. Increase in an asset, increase in owner's equity 2 e. Decrease in an asset, decrease in owner's equity. 3
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Copy of AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 -...

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