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Unformatted text preview: Problem 3-1 Name: Section: Score: 41% *Since some answer boxes are correct when left blank, the beginning score is greater than 0%. Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. Assets = Liabilities + Stockholders' Equity Accounts Prepaid Accumulated Accounts Unearned Wages Notes Capital Retained Cash + Recivable. + Insurance + Supplies + Building- Depreciation + Land = Payable + Revenue + Payable + Payable + Stock + Earnings Bal. July 1 20,000 24,500 700 1,000 150,000 (11,200) 120,000 7,500 0 0 30,000 40,000 227,500 July 1 Balances July 1 Balances July 6 Balances July 9 Balances July 11 Balances July 18 Balances July 20 Balances July 25 Balances July 30 Balances July 30 Balances Instructions Problem 3-1 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds.Answers are entered in the cells with gray backgrounds....
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- Winter '08
- Accounting, Generally Accepted Accounting Principles