HW 1 Solutions - Ex. 2.2 DIXIE TRANSPORTATION SERVICE...

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Ex. 2.2 DIXIE TRANSPORTATION SERVICE Balance Sheet February 28, 2007 Assets Liabilitie Liabilities: Cash ………………………. $69,000 Notes pa Accounts receivable ………. 70,000 Accounts Supplies …………………… 14,000 Total Land ………………………. 70,000 Owners’ eq Building …………………. . 80,000 Capital s Automobiles ………………. 165,000 Retained Total ………………………. $468,000 Total……… Ex. 2.13 YARNELL COMPANY Income Statement For the Month Ended August 31, 2007 Service revenues ……………………………………………………… $15,000 Expenses ……………………………………………………………… 7,500 Net income …………………………………………………………… $7,500 Ex. 2.16 a. b. Cash balances at the beginning and end of the year were: End $793 million Beginning $506 million Increase $287 million c. PROBLEM 2.5A
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HW 1 Solutions - Ex. 2.2 DIXIE TRANSPORTATION SERVICE...

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