financial accounting hwch1

financial accounting hwch1 - E. Purchase equipment for cash...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 1-4 A- corporation B- sole proprietorship C- corporation D- partnership E- sole proprietorship F- sole proprietorship G- corporation Exercise 1-5 1. E 2. G 3. A 4. C 5. D 6. B 7. F Exercise 1-7 A- $65,000 B- $66,000 C- $114,000 Exercise 1-8 A. Payment of cash dividend B. Purchase of supplies of credit C. Create a note payable for payment of an account payable D. Payments of accounts payable
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: E. Purchase equipment for cash F. Create a note payable for an expense G. Investment by the owner. Exercise 1-13 REAL ANSWERS Income Statement For Month Ended October 31 Revenues Consulting Fees Earned $14,000 Expenses Rent Expense $3,550 Salaries Expense $7,000 Telephone Expense $760 Misc. Expense $580 Total Expenses $11,890 Net Income $2,110...
View Full Document

Page1 / 2

financial accounting hwch1 - E. Purchase equipment for cash...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online