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Mgmt 200 Assignment Soln 1-20-10

Mgmt 200 Assignment Soln 1-20-10 - expansion—BS 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: expansion—BS 3. Advertising expense—IS 12. Loan Payable—BS 4. Bad debts expense—IS 13. Office supplies—BS 5. Bonds payable—BS 14. Patent—BS 6. Buildings—BS 15. Patent amortization expense—IS 7. Cash—BS 16. Prepaid Insurance—BS 8. Common stock—BS 17. Retained earnings—BS, RE 9. Depreciation expense—IS 18. Sales—IS 10. Dividends—RE 19. Utilities expense—IS 20. Wages Payable—BS...
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