01-02Pr_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Problem 1-2 Name: Section: Score: 0% Answers are entered in the cel s with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) wil appear in the column to the right of an incorrect answer. 1. 2. Enter the appropriate amount or formula in the shaded cel s. a. Wages expense b. Net income c. Net income for September d. Dividends e. Retained earnings, September 30, 2010 f. Land g. Total assets h. Capital stock i. Retained earnings j. Total stockholders' equity k. Total liabilities and stockholders' equity l. Cash received from customers m. Net cash flows from operating activities n. Net cash flows from financing activities o. Net cash flow and September 30, 2010 cash balance Instructions
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Problem 1-2 Name: SOLUTION Section: Score: See student sheet for student's score. Scoring: ON Answers are entered in the cel s with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) wil appear in the column to the right of an incorrect answer. 1. Realty businesses are service businesses that aid their clients in buying or sel ing real estate. 2. Enter the appropriate amount or formula in the shaded cel s. a. Wages expense $32,250 b. Net income $69,300 c. Net income for September $69,300 d. Dividends $36,000 e. Retained earnings, September 30, 2010 $33,300 f. Land $216,000 g. Total assets $310,500 h. Capital stock $270,000 i. Retained earnings $33,300 j. Total stockholders' equity $303,300 k. Total liabilities and stockholders' equity $310,500 l. Cash received from customers $141,000 m. Net cash flows from operating activities $70,500 n. Net cash flows from financing activities $234,000 o. Net cash flow and September 30, 2010 cash balance $88,500 Instructions...
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01-02Pr_5e_s - A red asterisk (*) wil appear in the column...

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