Recitation _2 - Quick Study 2-2 (10 minutes) pg. 65 a. b....

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Quick Study 2-2 (10 minutes) pg. 65 a. I Income statement b. E Statement of retained earnings c. B Balance sheet d. B Balance sheet e. B Balance sheet f. I Income statement g. B Balance sheet h. B Balance sheet i. B Balance sheet Quick Study 2-3 (10 minutes) Pg. 54 For assets, liabs and equity pg 49-50 a. Debit d. Debit g. Credit b. Debit e. Debit h. Debit c. Credit f. Debit i. Credit Quick Study 2-4 (10 minutes) a. Debit e. Debit i. Credit b. Debit f. Credit j. Debit c. Credit g. Credit k. Debit d. Credit h. Debit l. Credit Quick Study 2-5 (10 minutes) a. Debit e. Debit i. Credit b. Credit f. Credit j. Debit c. Debit g. Credit d. Credit h. Credit Quick Study 2-8 (10 minutes) a. I e. B i. B b. I f. I j. I c. I g. B k. E d. B h. B l. B
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Exercise 2-1 (15 minutes) Type of Increase Normal Account Account (Dr. or Cr.) Balance a. Common Stock. .......................... equity credit credit b. Accounts Receivable. ................ asset debit debit c. Dividends. ................................... equity debit debit d. Cash. ............................................ asset debit debit e. Equipment. .................................. asset debit debit f. Fees Earned. ............................... revenue credit credit g. Wages Expense. ......................... expense debit debit h. Unearned Revenue. .................... liability credit credit i. Accounts Payable. ..................... liability credit credit j. Postage Expense. ....................... expense debit debit k. Prepaid Insurance. ..................... asset debit debit l. Land ..................................................... ...................................................... asset
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This note was uploaded on 06/16/2011 for the course BUSI 100 taught by Professor Na during the Spring '10 term at University of North Carolina School of the Arts.

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Recitation _2 - Quick Study 2-2 (10 minutes) pg. 65 a. b....

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