AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 Joanna Aechbacker Section 09

# AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 Joanna Aechbacker Section 09

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Exercise 1-7 Name: Joanna Aeschbacker Section: 9 Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. Owner's Assets = Liabilities + Equity a. \$760,000 = \$240,000 + \$520,000 ## b. ### = ## + ## c. ### = ## + ## d. ### = ## + ## e. \$960,000 ### = \$156,000 ## + \$804,000 ## Donna Ahern, Capital, January 1, 2010 ## Add: Net Income ## Less: Withdrawals ## Donna Ahern, Capital, December 31, 2010 ##

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Exercise 1-8 Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to or below an incorrect entry in the outlined c a. ### b. ### ### c. ### ### d. ### ### e. ### ### f. ###

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Exercise 1-12 Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to or below an incorrect entry in the outlined cells. 1 ### 2 ### ### 3 ### ### 4 ### ### 5 ### ### 6 ###
Exercise 1-22 Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to or below an incorrect entry only in the outlined cells.

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Unformatted text preview: Account Financial Statement a. Accounts payable ### b. Cash equivalents ### c. Crude oil inventory ### d. Equipment ### e. Exploration expenses ### Problem 1-3A Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. OMH COMPUTER SERVICES Income Statement #NAME? ### ### Expenses: ### #NAME? ### #NAME? ### #NAME? ### #NAME? ### #NAME? Total expenses Err:508 Net income ### 2. OMH COMPUTER SERVICES Statement of Owner's Equity #NAME? Doug Van Buren, capital, July 1, 2010 ### ### #NAME? ### #NAME? Total ### #NAME? ### Err:508 ### ### Doug Van Buren, capital, July 31, 2010 ### 3. OMH COMPUTER SERVICES Balance Sheet Assets Liabilities ### #NAME? #NAME? ### #NAME? ### #NAME? Owner's Equity #NAME? Total assets #NAME? Total liabilities and owner's equity...
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## This note was uploaded on 08/15/2011 for the course ACCOUNTING 114 taught by Professor Hongzhao during the Spring '11 term at Kaplan University.

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AC114 TEXTBOOK EXERCISES TEMPLATE - UNIT 2 Joanna Aechbacker Section 09

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