(ACCT2010)[2011](f)quiz~=cy3j8^_86167

(ACCT2010)[2011](f)quiz~=cy3j8^_86167 - ACCT2010 Principles...

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ACCT2010 Principles of Accounting I FALL 2011 QUIZ II N a m e : Student ID: Section #: This is a closed book quiz. Please write your name, student ID, lecture section number on this page (put in the time of the section if you do not know the section number). Please sign the agreement below. Answer all the questions within the space provided on the answer sheets. No pencil is allowed. I agree that I will not discuss the content of the quiz with anyone before October 14, 2011. Signature: Required 1) Required 2) Required 3) Required 4) Total Max Points 12 28 14 6 60 Grades
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1 Question: TST Rental Corporation has been operating for five years. The income statement of the company for fiscal year ended December 31, 2009 is given below: TST Rental Corporation Income Statement For the Year Ended December 31, 2009 Revenues Rental revenue $2,500 Expenses Supplies expense 600 Wage expense 1,000 Depreciation expense 200 Pretax Income 700 Income tax expense 200 Net income $500 The company did not pay any dividend in 2009. During 2010 , the company completed the transactions given below: A. Incurred employee wage expense of $1,200. Payment will be made in January 2011. B.
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This note was uploaded on 03/01/2012 for the course ACCT 101 taught by Professor Acbsadf during the Spring '12 term at Minnesota.

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(ACCT2010)[2011](f)quiz~=cy3j8^_86167 - ACCT2010 Principles...

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