{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

FinMan10e_BTest_ch02 - 10th Edition FINANCIAL MANAGERIAL...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
10th Edition FINANCIAL & MANAGERIAL ACCOUNTING 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
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Background image of page 2
5. 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: For Demo Tech Systems Consultants, indicate the accounts to be debited and credited in recording
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
TB2-
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}