Bonus 4 - Ac2001 SPRING 2009 BONUS PROBLEM #4 Maximum 3...

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Ac2001 SPRING 2009 BONUS PROBLEM #4 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. Sign your name to state that you did your own work. ************************************************************************** ANSWER SHEET FOR BONUS #4 (to hand in) NAME: Anthony M. Cavallaro_____ ID #: 1562523 CLASS TIME : 11:00 SIGNATURE: 1. Debit to Unearned Rental Revenue (Account Title) For $ 3,000 (Amount) 2. Debit to Supplies (Account Title) For $ 180 (Amount) 3. Debit to Bad Debt Expense (Account Title) For $ 1,100 (Amount) 4. $ 520,000 (Amount) 5. $ 21,000 (Amount) 6. $ 6,300 (Amount) 7. $ 4,400 (Amount) 8. FIFO (Method) 9. $ 412,000 (Amount) 10. B (MC answer) 11. $ 212,000 (Amount) 12. $ 2.66 (Amount) 13. $ 345,000 (Amount) 14. $ 785,000 (Amount) 15. $ 92,000 (Amount) 16. $ 107,000 (Amount) 17. $ 497,016 (Amount) 18. $ 960,000 (Amount) 19. $ 49,744.14 (Amount) 20. $ 48,000 (Amount) 1. On October 1, 2009, five months' rent income totaling $5,000 was received on an office rental. The advance collection
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was originally recorded by a credit to Unearned Rental Revenue. The required adjusting entry at December 31, 2009 would require a Debit to _______________ (Account Title) For $_______________ (Amount) 2. The unadjusted trial balance amount for the Supplies Expense account on December 31, 2009, was $950. Actual supplies on hand on that date were $180. The required adjusting entry on December 31, 2009 would require a
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This note was uploaded on 11/16/2011 for the course ACCT 2001 taught by Professor Kochanek during the Spring '09 term at UConn.

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Bonus 4 - Ac2001 SPRING 2009 BONUS PROBLEM #4 Maximum 3...

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