ACC120 Final: sm01 Solutions
Document Summary
Brief exercise 1-4 (a) f (b) f (c) t (d) t (e) t. Brief exercise 1-5 (a) f (b) f (c) t (d) t. Brief exercise 1-8 (a) ,000 ,000 = ,000 (owner"s equity) (b) ,000 + ,000 = ,000 (assets) (c) ,000 ,000 = ,000 (liabilities) Brief exercise 1-9 (a) ,000 + ,000 = ,000 (assets) (b) ,000 ,000. = ,000 (total liabilities) (c) ,000 (,000 x ) = ,000 (owner"s equity) ,000 = ,000 ,000 (a) (b) (c) (,000 + ,000) (,000 ,000) = ,000 (owner"s equity) (,000 ,000) + (,000 ,000 + ,000) = ,000 (assets) (,000 + ,000) (,000 ,000) = ,000 ending balance owner"s equity. ,000 + ,000 ,000 = ,000 profit. Brief exercise 1-11: accounts receivable, salaries payable, equipment, supplies, owner"s capital, notes payable. Trans- action (a) (b) (c) (d) (e) (f) (g) (h) (i)
