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Unformatted text preview: Problem 3-2 Name: Section: Score: 42% *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 31 63,500 56,000 4,900 2,800 150,000 (11,200) 120,000 6,300 18,000 0 30,000 90,000 241,700 (1) July 31 Balances (2) July 31 Balances (3) July 31 Balances (4) July 31 Balances (5) July 31 Balances (6) July 31 * Balances Instructions Problem 3-2 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds....
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.
- Winter '08