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Submitted by riccus on Mon, 2013-06-24 11:00
due on Mon, 2013-06-24 10:59
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Accounting Chapter 11 Test

I need some help on this accounting test.

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Submitted by accountguru on Mon, 2013-06-24 12:36
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Accounting Chapter 11 Test

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xxxxxxxx - ACC111 End of Chapter xx xxxx – (40 xxxxxxx

xxxxx _______________________________________

xxxxxx xxxx xxx calculations!!!

xxxxxxx xx – xx points

On March xx of the xxxxxxx year xxx Johnson xxxxxxx xxxxxxxxxx xx xxxx xxxxxxx xxxxxxxx note with xxx Mountain Savings and xxxxx

Show the xxxxxxx on the accounting xxxxxxxxx by account xxxxxx

1. xxx xxx xxxxxxxxxxx xx the loan.

xxxxxx xx x Liabilities xx x xxxxxx

xxxxx xxxxxx year-end interest.

Assets xx x xxxxxxxxxxxx x xxx xxxxxx

3. At xxx maturity of the xxxxx

Assets = Liabilities + xxx Equity

xxxxxxxxxxxxxxxxxxxxxx

xxxx

xxxxxx

=

xxxxxxxxxxx

+

Equity

xxxx

 

Low xxxxxxxx xxxxxxx xxx xxxx

xxxx Payable

xxxxxxxx Payable

 

xxxxxxx

Revenue

xxxxxxx

March. x

 

x

-$100,000

$100,000

 

x

 

 

 

 

 

 

 

 

 

 

 

 

 

xxxx

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