FinMan10e_ABSol_ch05

FinMan10e_ABSol_ch05 - 2. D 3. B 4. L 5. I, J 6. E 7. G, K...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
ACHIEVEMENT TEST SOLUTIONS—CHAPTER 5 TEST 5A Problem 1 Financial Statements 1. H 2. B 3. E 4. C 5. D 6. G 7. H 8. L 9. D 10. G, K 11. E 12. F 13. J Problem 2 Analysis of Transactions Debit Credit 1. B, D 2. J, E 3. E, L 4. D, B 5. C, K 6. B 7. E 8. A 9. A 10. E Fill-in-the-Blank Principles and Terminology 1. invoice 2. perpetual inventory system 3. periodic inventory system 4. shipping point 5. destination 6. $491 7. Sales Discounts 8. $24,675 9. cost of merchandise sold 10. FOB shipping point TEST 5B Problem 1 Financial Statements 1. H
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2. D 3. B 4. L 5. I, J 6. E 7. G, K 8. G 9. A 10. D 11. L 12. F 13. E Problem 2 Analysis of Transactions Debit Credit 1. A 2. E 3. A 4. C 5. B, D 6. H, E 7. J, E 8. B, D 9. C, I 10. B Fill-in-the-Blank Principles and Terminology 1. $188 2. Sales Discounts 3. debit 4. $310 5. Merchandise Inventory 6. $16,200 7. sales tax payable 8. ratio of net sales to accounts receivable 9. FOB destination 10. perpetual inventory system...
View Full Document

Ask a homework question - tutors are online