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Solutions to Brief Exercises for first midterm 13th ed

Solutions to Brief Exercises for first midterm 13th ed -...

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SOLUTIONS TO BRIEF EXERCISES 1
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Table of Contents Chapter 3 ..................................................................................................................................... 7 BRIEF EXERCISE 3-1 ............................................................................................................. 7 BRIEF EXERCISE 3-2 ............................................................................................................. 7 BRIEF EXERCISE 3-3 ............................................................................................................. 8 BRIEF EXERCISE 3-4 ............................................................................................................. 8 BRIEF EXERCISE 3-5 ............................................................................................................. 9 BRIEF EXERCISE 3-6 ............................................................................................................. 9 BRIEF EXERCISE 3-7 ............................................................................................................. 9 BRIEF EXERCISE 3-8 ........................................................................................................... 10 BRIEF EXERCISE 3-9 ........................................................................................................... 10 BRIEF EXERCISE 3-10 ......................................................................................................... 10 BRIEF EXERCISE 3-11 ......................................................................................................... 11 BRIEF EXERCISE 3-12 ......................................................................................................... 11 BRIEF EXERCISE 3-13 ......................................................................................................... 12 Chapter 4 .................................................................................................................................... 13 BRIEF EXERCISE 4-1 ........................................................................................................... 13 BRIEF EXERCISE 4-2 ........................................................................................................... 14 BRIEF EXERCISE 4-3 ........................................................................................................... 15 BRIEF EXERCISE 4-4 ........................................................................................................... 16 BRIEF EXERCISE 4-5 ........................................................................................................... 16 BRIEF EXERCISE 4-6 ........................................................................................................... 17 BRIEF EXERCISE 4-7 ........................................................................................................... 17 BRIEF EXERCISE 4-8 ........................................................................................................... 17 BRIEF EXERCISE 4-9 ........................................................................................................... 17 2
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BRIEF EXERCISE 4-10 ......................................................................................................... 18 BRIEF EXERCISE 4-11 ......................................................................................................... 18 Chapter 5 .................................................................................................................................... 20 BRIEF EXERCISE 5-1 ........................................................................................................... 20 BRIEF EXERCISE 5-2 ........................................................................................................... 20 BRIEF EXERCISE 5-3 ........................................................................................................... 20 BRIEF EXERCISE 5-4 ........................................................................................................... 21 BRIEF EXERCISE 5-5 ........................................................................................................... 21 BRIEF EXERCISE 5-6 ........................................................................................................... 21 BRIEF EXERCISE 5-7 ........................................................................................................... 22 BRIEF EXERCISE 5-8 ........................................................................................................... 22 BRIEF EXERCISE 5-9 ........................................................................................................... 22 BRIEF EXERCISE 5-10 ......................................................................................................... 23 BRIEF EXERCISE 5-11 ......................................................................................................... 23 BRIEF EXERCISE 5-12 ......................................................................................................... 23 BRIEF EXERCISE 5-13 ......................................................................................................... 24 BRIEF EXERCISE 5-14 ......................................................................................................... 25 BRIEF EXERCISE 5-15 ......................................................................................................... 25 BRIEF EXERCISE 5-16 ......................................................................................................... 25 Chapter 6 .................................................................................................................................... 26 BRIEF EXERCISE 6-1 ........................................................................................................... 26 BRIEF EXERCISE 6-2 ........................................................................................................... 27 BRIEF EXERCISE 6-3 ........................................................................................................... 28 BRIEF EXERCISE 6-4 ........................................................................................................... 28 BRIEF EXERCISE 6-5 ........................................................................................................... 29 BRIEF EXERCISE 6-6 ........................................................................................................... 29 BRIEF EXERCISE 6-7 ........................................................................................................... 30 3
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BRIEF EXERCISE 6-8 ........................................................................................................... 30 BRIEF EXERCISE 6-9 ........................................................................................................... 31 BRIEF EXERCISE 6-10 ......................................................................................................... 32 BRIEF EXERCISE 6-12 ......................................................................................................... 33 BRIEF EXERCISE 6-13 ......................................................................................................... 34 BRIEF EXERCISE 6-14 ......................................................................................................... 34 BRIEF EXERCISE 6-15 ......................................................................................................... 35 BRIEF EXERCISE 6-16 ......................................................................................................... 35 BRIEF EXERCISE 6-17 ......................................................................................................... 36 Chapter 7 .................................................................................................................................... 37 BRIEF EXERCISE 7-1 ........................................................................................................... 37 BRIEF EXERCISE 7-2 ........................................................................................................... 37 BRIEF EXERCISE 7-3 ........................................................................................................... 37 BRIEF EXERCISE 7-4 ........................................................................................................... 38 BRIEF EXERCISE 7-5 ........................................................................................................... 38 BRIEF EXERCISE 7-6 ........................................................................................................... 38 BRIEF EXERCISE 7-7 ........................................................................................................... 39 BRIEF EXERCISE 7-8 ........................................................................................................... 39 BRIEF EXERCISE 7-9 ........................................................................................................... 40 BRIEF EXERCISE 7-10 ......................................................................................................... 41 BRIEF EXERCISE 7-11 ......................................................................................................... 41 BRIEF EXERCISE 7-12 ......................................................................................................... 41 BRIEF EXERCISE 7-13 ......................................................................................................... 42 BRIEF EXERCISE 7-14 ......................................................................................................... 42 BRIEF EXERCISE 7-15 ......................................................................................................... 43 BRIEF EXERCISE 7-16 ......................................................................................................... 43 BRIEF EXERCISE 7-17 ......................................................................................................... 43 4
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Chapter 8 .................................................................................................................................... 45 BRIEF EXERCISE 8-1 ........................................................................................................... 45 BRIEF EXERCISE 8-3 ........................................................................................................... 46 BRIEF EXERCISE 8-4 ........................................................................................................... 46 BRIEF EXERCISE 8-5 ........................................................................................................... 46 BRIEF EXERCISE 8-6 ........................................................................................................... 47 BRIEF EXERCISE 8-7 ........................................................................................................... 47 BRIEF EXERCISE 8-8 ........................................................................................................... 47 BRIEF EXERCISE 8-9 ........................................................................................................... 48 Chapter 9 .................................................................................................................................... 49 BRIEF EXERCISE 9-1 ........................................................................................................... 49 BRIEF EXERCISE 9-2 ........................................................................................................... 49 BRIEF EXERCISE 9-3 ........................................................................................................... 49 BRIEF EXERCISE 9-4 ........................................................................................................... 50 BRIEF EXERCISE 9-6 ........................................................................................................... 50 BRIEF EXERCISE 9-7 ........................................................................................................... 50 BRIEF EXERCISE 9-8 ........................................................................................................... 51 BRIEF EXERCISE 9-9 ........................................................................................................... 51 BRIEF EXERCISE 9-10 ......................................................................................................... 53 BRIEF EXERCISE 9-11 ......................................................................................................... 53 Chapter 18 .................................................................................................................................. 55 BRIEF EXERCISE 18-1 ......................................................................................................... 55 BRIEF EXERCISE 18-2 ......................................................................................................... 55 BRIEF EXERCISE 18-3 ......................................................................................................... 55 BRIEF EXERCISE 18-4 ......................................................................................................... 56 BRIEF EXERCISE 18-5 ......................................................................................................... 56 BRIEF EXERCISE 18-6 ......................................................................................................... 56 5
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BRIEF EXERCISE 18-7 ......................................................................................................... 57 BRIEF EXERCISE 18-8 ......................................................................................................... 57 BRIEF EXERCISE 18-9 ......................................................................................................... 58 BRIEF EXERCISE 18-10 ....................................................................................................... 58 BRIEF EXERCISE 18-11 ....................................................................................................... 58 BRIEF EXERCISE 18-12 ....................................................................................................... 58 Chapter 22 .................................................................................................................................. 60 BRIEF EXERCISE 22-8 ......................................................................................................... 60 Chapter 23 ................................................................................................................................. 61 BRIEF EXERCISE 23-1 ......................................................................................................... 61 BRIEF EXERCISE 23-2 ......................................................................................................... 61 BRIEF EXERCISE 23-3 ......................................................................................................... 61 BRIEF EXERCISE 23-4 ......................................................................................................... 62 BRIEF EXERCISE 23-5 ......................................................................................................... 62 BRIEF EXERCISE 23-6 ......................................................................................................... 62 BRIEF EXERCISE 23-7 ......................................................................................................... 62 BRIEF EXERCISE 23-8 ......................................................................................................... 63 BRIEF EXERCISE 23-9 ......................................................................................................... 63 BRIEF EXERCISE 23-10 ....................................................................................................... 63 BRIEF EXERCISE 23-11 ....................................................................................................... 64 BRIEF EXERCISE 23-12 ....................................................................................................... 64 BRIEF EXERCISE 23-13 ....................................................................................................... 64 6
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Chapter 3 BRIEF EXERCISE 3-1 May 1 Cash ................................................................... 4,000 Common Stock .......................................... 4,000 3 Equipment ......................................................... 1,100 Accounts Payable ..................................... 1,100 13 Rent Expense .................................................... 400 Cash ............................................................ 400 21 Accounts Receivable ....................................... 500 Service Revenue ....................................... 500 BRIEF EXERCISE 3-2 Aug. 2 Cash .................................................................... 12,000 Equipment .......................................................... 2,500 Agazzi, Capital ............................................ 14,500 7 Supplies .............................................................. 500 Accounts Payable ...................................... 500 12 Cash .................................................................... 1,300 7
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Accounts Receivable ......................................... 670 Service Revenue ......................................... 1,970 15 Rent Expense ..................................................... 600 Cash ............................................................. 600 19 Supplies Expense .............................................. 230 Supplies ($500 – $270) ............................... 230
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