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ac114 accounting 1-7 assignment unit 2

# ac114 accounting 1-7 assignment unit 2 - Exercise 1-7 Name...

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Exercise 1-7 Name: Brenda Russell Section: AC114 Accounting 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: 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 ce a. Liability ### b. Asset ### ### c. Owner's Equity ### ### d. Asset ### ### e. Asset ### ### f. Owner's Equity ###

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Exercise 1-12 Name: Brenda Russell Section: AC114; Accounting 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 e. Decrease in an asset, decrease in owner's equity. ### ### 4 c. Increase in an asset, increase in owner's equity
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ac114 accounting 1-7 assignment unit 2 - Exercise 1-7 Name...

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