ORIE 3150 Homework #2 Answers revised

ORIE 3150 Homework #2 Answers revised - ORIE 3150...

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Unformatted text preview: ORIE 3150 Homework #2 Answers E3-13 8,000 5,000 1,700 1,200 600 9,100 5,000 3,400 8,000 600 2,800 8,000 6,200 1,700 3,400 6,200 5,100 Cash (A) Notes Payable (L) Accts Rec. (A) Common Stock (SE) Equipment (A) Service Revenue (tSE) E4-14 Jan. 31, 2012 Service Revenue 2,000 Retained Earnings 1,270 Salaries and Wages Expense 1,800 Insurance Expense 520 Supplies Expense 950 6. The Thomas Company began the year with a $3,000 balance in the Office Supplies account. During the year, $8,500 of additional office supplies was purchased. A physical count of office supplies on hand at the end of the year revealed that $8,300 worth of office supplies had been used during the year. No adjusting entry has been made until year end. December 31 Office Supplies Expense (temp SE) 8,300 Office Supplies (A) 8,300 Yates Realty is in the business of renting several apartment buildings and prepares monthly financial statements. It has been determined that 2 tenants in $800 per month apartments and one tenant in the $1,000 per month apartment had not paid their December rent as of December 31 st . December 31 Accounts Receivable (A) 2,600 Rent Revenue (temp SE) 2,600 7. The adjusted trial balance shown below is for the end of the fiscal year: STITCH COMPANY, Trial Balance, December 31, 2008 ______________________________________________________________________________ Debit Credit Cash .........................................................................................................Cash ....
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This note was uploaded on 09/30/2011 for the course ORIE 3150 at Cornell.

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ORIE 3150 Homework #2 Answers revised - ORIE 3150...

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