AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2

AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 - An asterisk...

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Exercise 1-7 Name: Brenda Russell Section: AC114 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. = + c. = + d. = + e. $960,000 = $156,000 + $804,000 Donna Ahern, Capital, January 1, 2010 $520,000 Add: Net Income Less: Withdrawals 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 c a. b. c. d. e. f.
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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 2 3 4 5 6
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Exercise 1-22 Name: Section: Enter the appropriate amount or item in the shaded cells.
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Unformatted text preview: An asterisk (*) will appear next to or below an incorrect entry only in the outlined cells. Account Financial Statement a. Accounts payable b. Cash equivalents c. Crude oil inventory d. Equipment e. Exploration expenses Problem 1-3A Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. OMH COMPUTER SERVICES Income Statement Expenses: Total expenses Net income 2. OMH COMPUTER SERVICES Statement of Owner's Equity Doug Van Buren, capital, July 1, 2010 Total Doug Van Buren, capital, July 31, 2010 3. OMH COMPUTER SERVICES Balance Sheet Assets Liabilities Owner's Equity Total assets Total liabilities and owner's equity...
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This note was uploaded on 07/04/2011 for the course ACCOUNTING AC113 taught by Professor Torres during the Spring '09 term at Kaplan University.

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AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 - An asterisk...

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