FinMan10e_ABSol_ch03

FinMan10e_ABSol_ch03 - 1. book value 2. cash basis 3....

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ACHIEVEMENT TEST SOLUTIONS—CHAPTER 3 TEST 3A Fill-in-the-Blank Principles and Terminology 1. depreciation 2. contra (asset) accounts 3. adjusting process 4. adjusting entries 5. prepaid (deferred) expenses 6. accrued revenues (assets) Problem 1 Adjusting Entries Debit Credit 1. O 2. N 3. L 4. M 5. D 6. B 7. J 8. I
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TB1-2 TEST 1A (Concluded) 9. C 10. H 11. P 12. Q 13. R 14. F Problem 2 Problems 1. $6,000 2. not affected 3. understated 4. overstated 5. overstated 6. not affected 7. overstated 8. $39,550 9. over $25,450 10. not effected 11. over $25,450 12. $29,500 13. $8,500 14. $10,500 15. overstated 16. not affected 17. overstated 18. not affected
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19. understated 20. overstated TEST 3B Fill-in-the-Blank Principles and Terminology
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Unformatted text preview: 1. book value 2. cash basis 3. closing process 4. unearned (deferred) revenues 5. accrued expenses (liabilities) 6. contra (asset) accounts Problem 1 TB1-4 TEST 1A (Concluded) Adjusting Entries Debit Credit 1. P 2. Q 3. C 4. B 5. J 6. G 7. M 8. L 9. A 10. K 11. A 12. I 13. O 14. K Problem 2 Problems 1. $6,900 2. $3,500 3. $8,500 4. $19,500 5. over $17,500 6. under $8,000 7. over $25,500 8. $21,639 9. not affected 10. understated 11. overstated 12. overstated 13. not affected 14. overstated 15. overstated 16. not affected 17. overstated 18. not affected 19. understated 20. overstated...
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FinMan10e_ABSol_ch03 - 1. book value 2. cash basis 3....

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