Chapter 2 Review of the Accounting Process Exercises 2–1 - Edubirdie

University:
Concordia University Wisconsin
Course:
ACCT 3100 | Intermediate Accounting I
Academic year:

2021
Views:

167

Pages:

1
Author:

kundgetanufv

EXERCISES Exercise 2–1 Assets 1. + 300,000 2. – 10,000 + 40,000 3. + 90,000 4. + 120,000 – 70,000 5. – 5,000 6. – 6,000 + 6,000 7. – 70,000 8. + 55,000 – 55,000 9. – 1,000 = Liabilities + Paid-in Capital + Retained Earnings (cash) + 300,000 (common stock) (cash) (equipment) + 30,000 (note payable) (inventory) + 90,000 (accounts payable) (accounts receivable) + 120,000 (inventory) – 70,000 (cash) – 5,000 (cash) (prepaid insurance) (cash) - 70,000 (accounts payable) (cash) (accounts receivable) (accumulated depreciation) – 1,000 (revenue) (expense) (expense) (expense) 2– Solutions Manual, Vol.1, Chapter 2 13

Related Documents

Chapter 2 Review of the Accounting Process Exercises 2–1

Chapter 2 Review of the Accounting Process Exercises 2–1 - Page 1

of 1

Recommended Documents

Chapter 7 Business Relationships

Chapter 7 Business Relationships

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 1 - Introduction

Chapter 1 - Introduction

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 10 Fee Issues

Chapter 10 Fee Issues

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 9 Breach of an Independence Interpretation

Chapter 9 Breach of an Independence Interpretation

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Proof of Cash

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 2 Applying the Rules Attest Client and Affiliates

Chapter 2 Applying the Rules Attest Client and Affiliates

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 5 Applying the Rules Family Members

Chapter 5 Applying the Rules Family Members

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 3 Applying the Rules Covered Members and Other Firm Professionals

Chapter 3 Applying the Rules Covered Members and Other Firm Professionals

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 4 Applyingthe Rules Network Firms and Firm Mergers and Acquisitions

Chapter 4 Applyingthe Rules Network Firms and Firm Mergers and Acquisitions

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 6 Financial Relationships

Chapter 6 Financial Relationships

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 8 Nonattest Services

Chapter 8 Nonattest Services

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide

Chapter 11 Further Assistance

Chapter 11 Further Assistance

Concordia University Wisconsin ACCT 3100 | Intermediate Accounting I

Study Guide