ACC 211 Additional Problems Chapters 1-3
The Purpose of this exercise is to help you better assess your understanding to date!
1.7-37 Compute the missing amount in each of the following situations:
l7 Assets Liabilities Owners equity
A $400,000 $
2.5-29 The following transactions have been journalized and posted to the proper accounts as of June 30, 2011.
Prepare a trial balance in good form. s
Edward Wilson investedi$3000 cash. in his new. landscaping company in exchange for stock.
The company pa
3.3-45 J ournalize the adjusting entries indicated by the following trial balance and adjusted trial balance.
hematite Trial balance justments balance
Debit CreditI Debit I Credit Debit Credit
Cash E 2, 000
Pr aid insurance 4,000 I3 2,000