FinMan10e_BTest_ch02

FinMan10e_BTest_ch02 - 10th Edition FINANCIAL &...

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10th Edition CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 2B Score % Name Course Section NOTE: Each of the 40 correct answers is assigned a weight of 2 1/2%. PROBLEM 1—DEBIT AND CREDIT—20% B
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TB2- 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 DE SCRIPTIONS Debit Credit 0. Inventory is decreased . ............................................................................. 0. ____ 1. Accounts Payable is increased . ................................................................ 1. ____ 2. Cash is decreased . .................................................................................... 2. ____ 3. Salaries Expense is increased . ................................................................. 3. ____ 4. Notes Payable is decreased . ..................................................................... 4. ____ 2
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Unearned Fees is decreased . ................................................................... 5. ____ 6. Accounts Payable is decreased . ............................................................... 6. ____ 7. Buildings is increased . ............................................................................... 7. ____ 8. Prepaid Insurance is decreased . ............................................................... 8. ____ 9. Capital Stock is increased . ........................................................................ 9. ____ 10. Equipment is decreased . ........................................................................... 10. ____ PROBLEM 2—ANALYSIS OF TRANSACTIONS—40% INSTRUCTIONS:
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This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

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FinMan10e_BTest_ch02 - 10th Edition FINANCIAL &...

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