201 ANSWER 1st Exam

201 ANSWER 1st Exam - First Exam Answer Key 1. B 2. D 3....

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First Exam Answer Key 1. B 2. D 3. A 4. D 5. C 6. E 7. B 8. B 9. C 10. C Problem #1 (25 points) Answer: Dec. 1 Cash. .............................................................................. 15,000 Office Equipment. .......................................................... 5,000 L Matson, Capital. ............................................. 20,000 Owner invested in business. 2 Office Equipment. .......................................................... 1,200 Accounts Payable. ............................................. 1,200 Purchased office equipment and supplies on credit. 3 Office Supplies. ............................................................. 300 Accounts Payable. ............................................. 300 4 Cash. .............................................................................. 900 Fees Earned. ...................................................... 900 Rendered services for cash. 8
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This note was uploaded on 06/22/2011 for the course ACCT 201 taught by Professor Tracyedmond during the Spring '10 term at Park.

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201 ANSWER 1st Exam - First Exam Answer Key 1. B 2. D 3....

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