ACCTG 211 Quiz: ACCTG211 Quiz 2 2016 Summer
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The smeal honor code: we, the smeal college of business community, aspire to the highest ethical standards and will hold each other accountable to them. ,000 * 9% * 3/12: slumbers, inc. borrows ,000 at 12% from a bank on september 1, 2012 and agrees to pay the interest and principal in two years. Which of the following will be reported on the year ended. It doesn"t even have enough cash to pay its employees: the company"s accountants are seriously confused. What is the effect of the december 31, 2010 adjusting entry on total shareholders" equity: increase, decrease, no effect, changed in a way that cannot be predicted, which account has a normal debit balance, accumulated depreciation, accounts payable. Quiz #2 (may 25, 2016: dividends, unearned revenues, the journal entry to record the purchase of merchandise on account would include a.
