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Unformatted text preview: ACC 311: Quiz 3 5 points each unless marked. FULL NAME ________________________________ 1. On January 1 st , 2009 Ozarka Inc. had a beginning balance of $7,000 in supplies. During January they purchased an additional $200 worth of supplies (they did not immediately use/expense these supplies). On January 31 st , 2009 they determined they had $6,300 worth of supplies on hand. What is the amount of supplies expense they need to book? ______ 900 _____________. Denver Company Questions 2-6 Unadjusted Trial Balance July 31 st 2009 Adjusted Trial Balance July 31 st 2009 Debit Credit Debit Credit Prepaid Utilities 15,000 5,000 Accumulated Depreciation 100,000 130,000 Wage Payable 50,000 65,000 Unearned Revenue 75,000 75,000 Sales Revenue 715,000 815,000 Questions 2-6: Denver Company has just recorded adjusting entries necessary for the month of July 2009. Only part of the trial balance information for this process is detailed above (i.e. not all accounts2009....
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This note was uploaded on 12/13/2011 for the course ACC 311 taught by Professor Charrier during the Fall '08 term at University of Texas at Austin.
- Fall '08
- Financial Accounting