FinMan10e_ATest_ch02

FinMan10e_ATest_ch02 - 10th Edition FINANCIAL &...

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10th Edition CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 2A Score % Name Course Section NOTE: Each of the 50 correct answers is assigned a weight of 2%. PROBLEM 1—DEBIT AND CREDIT—20% A
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TEST 2A (Concluded) INSTRUCTIONS: Indicate the manner in which each of the increases and decreases in the accounts listed below would be recorded by placing a check mark in the debit column or the credit column at the right. Answers For Scoring DESCRI PTIONS Debit Credit 0. Notes Payable is decreased . ..................................................................... 0. ____ 1. Dividends is increased . .............................................................................. 1. ____ 2. Accounts Payable is increased . ................................................................ 2. ____ 3. Fees earned is increased . ......................................................................... 3. ____ 4. Supplies Expense is decreased . ............................................................... 4. ____
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Wages Expense is increased . ................................................................... 5. ____ 6. Supplies is decreased . .............................................................................. 6. ____ 7. Automobile is increased . ........................................................................... 7. ____ 8. Accounts Receivable is decreased . .......................................................... 8. ____ 9. Cash is increased . ..................................................................................... 9. ____ 10. Insurance Expense is decreased . ............................................................. 10. ____ PROBLEM 2—ANALYSIS OF TRANSACTIONS—40%
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FinMan10e_ATest_ch02 - 10th Edition FINANCIAL &...

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