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Bonus 1 - Ac2001 SPRING 2009 BONUS PROBLEM#1 MAXIMUM 3...

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Ac2001 SPRING 2009 BONUS PROBLEM #1 MAXIMUM 3 POINTS PLEASE ANSWER THE QUESTIONS BELOW USING THE DIRECTIONS PROVIDED: Bonus Problem due in-class only. See your class schedule for date due. (Papers will NOT be accepted after class) Answers MUST BE TYPED in space provided. To make your answer easy to grade, please use the answer sheet provided at the start of the bonus problem. Hand in the answer sheet ONLY (no supporting work). SIGN YOUR NAME TO STATE THAT YOU DID YOUR OWN WORK. ************************************************************************** ANSWER SHEET FOR BONUS #1 (TO HAND IN) NAME: Anthony Cavallaro Peoplesoft ID # 1562623 . CLASS TIME: 11:00 SIGNATURE: ___________________________ 1. Credit to Rental Revenue (Account Title) For $ 1,500.00 (Amount) 2. Credit to Insurance Expense (Account Title) For $ 2,100.00 (Amount) 3. Credit to Accounts Receivable (Account Title) For $ 20,000.00 (Amount) 4. Credit to Accumulated Depreciation – Trucks (Account Title) For $ 9,000.00 (Amount) 5. Debit to Cash _ (Account Title) Credit to Common Stock (Account Title) 6. Percentage increase in revenues from 2010 to 2011 is 20 % Percentage increase in revenues from 2010 to 2012 is 60 % 7. $ 177,000.00____
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