04-01Pr_5e_s

Survey of Accounting (Available Titles Cengagenow)

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Section: Score: 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. 1. CASE-IT CO. Income Statement Revenues from sales: Less: Net sales Cost of merchandise sold Gross profit Expenses: Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total expenses Income from operations Other expense: Net income 2. CASE-IT CO. Retained Earnings Statement Retained earnings, December 1, 2009 Retained earnings, November 30, 2010 3. CASE-IT CO. Balance Sheet Assets Current assets: Total current assets: Property, plant and equipment: Office equipment Store equipment Total property, plant and equipment Total assets Liabilities Current liabilities: Total current liabilities: Long-term liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 4. a. b.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

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.

Page1 / 2

04-01Pr_5e_s - Problem 4-1 Name: Section: Score: 0%...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online