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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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GLICKMAN x ACC111 End xx Chapter xx xxxx – xxx xxxxxxx

xxxxx _______________________________________

xxxxxx xxxx all calculations!!!

xxxxxxx #1 – 18 xxxxxx

xx March 1, xx xxx current year the Johnson Company xxxxxxxxxx xx xxxx xxxxxxx $100,000 note with xxx Mountain xxxxxxx and xxxxx

xxxx the xxxxxxx on the accounting xxxxxxxxx xx xxxxxxx title:

xx At the origination xx the xxxxx

xxxxxx xx = xxxxxxxxxxxx + xxx Equity

2. To record year-end interest.

xxxxxx = xxxxxxxxxxxx + Equity

xxxxx the maturity of xxx xxxxx

xxxxxx = xxxxxxxxxxxx xx x Equity

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxx

Assets

x

Liabilities

x

xxxxxx

Cash

 

Low xxxxxxxx xxxxxxx xxx xxxx

Note xxxxxxx

xxxxxxxx xxxxxxx

 

xxxxxxx

Revenue

xxxxxxx

xxxxxx x

 

=

-$100,000

$100,000

 

+

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec. 31

 

=

 

 

$10,000

x

 

 

$10,000

 

 

 

 

 

 

 

 

 

 

March. x

-$112,000

x

 

-$100,000

xxxxxxxx

x

 

 

$2,000

 

 

 

 

 

 

 

 

 

 

PROBLEM xx – xx points

xxxxxxxxx xxxxx are the xxxxxxxx xxxxxxx records xx the xxxxxxx Company for xxx week xxxxxx xxxxxxxx xxx xxxxx

xxxxxx

Employee’x Name

xxx xxxxxxxx

Curr Week Gross Pay

Fed Inc xxx

xxxxxxx Ins xxxx

xx xxxx

x 25,700

x xxx

x 155

$ 35

D. Hopkins

xxx

800

xxx

xx

R.

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