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Unformatted text preview: Activity 10 Name: ___________________________ Class time: 8:00 9:30 12:30 DUE at beginning of class on March 27 th (may not be turned in late for credit) Write your answers in spaces provided below, based on your calculations for questions on the following pages. Turn in only this sheet but bring your worksheets to class for Exam 2 review. 1. Income from operations __________________ 2. Book Value of Equipment ___________________ 3. Ending stockholders equity __________________ 4. Total assets ___________________ 5. Indicate a., b. or c. ___________________ 6. Record the journal entry 7. Average Collection Period ___________________ 8. Net Increase in Assets ___________________ 9. Gain or loss (circle one), and amount-> ___________________ 10. Record the journal entry Use the following 12/31/07 adjusted trial balance to answer questions 1 4: Dr. Cr....
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- Spring '07