Mgmt 200 Assignment Soln 1-20-10

Mgmt 200 Assignment Soln 1-20-10 - expansionBS 3....

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Management 200 – Introductory Financial Accounting– Spring 2010 Krannert School of Management - Purdue University Solutions to class assignment for January 20, 1010 Exercise 2-2 Classification of Assets and Liabilities 1. CA 6. CL 2. CL 7. CA 3. CA 8. LTL 4. NCA 9. NCA 5. CL Exercise 2-9 Financial Statement Classification BS = Balance sheet; IS = Income statement; RE = Retained earnings statement 1. Accounts payable—BS 11. Land held for future 2. Accounts receivable—BS
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Unformatted text preview: expansionBS 3. Advertising expenseIS 12. Loan PayableBS 4. Bad debts expenseIS 13. Office suppliesBS 5. Bonds payableBS 14. PatentBS 6. BuildingsBS 15. Patent amortization expenseIS 7. CashBS 16. Prepaid InsuranceBS 8. Common stockBS 17. Retained earningsBS, RE 9. Depreciation expenseIS 18. SalesIS 10. DividendsRE 19. Utilities expenseIS 20. Wages PayableBS...
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This note was uploaded on 04/04/2012 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue University-West Lafayette.

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