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UMass Amherst ACCOUNTG 221 - acct chap 8
School name University of Massachusetts Amherst
Course Accountg 221- Intro to Acctg I
Pages 2

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Rachel Cohen281222478-2Aa. Nob. Yesc. Yesd. Yese. Yesf. Yesg. Noh. Yesi. Yesj. Nok. Nol. Yes8-3Aa. Tb. Tc. Td. Te. If. Ig. Th. Ti. Ij. Tk. Tl. I8-6Aa. Land $150,000Building $360,000Equipment $90,000Total $600,000b.Cash + Land + Building + Equip. = Liab. + Equity-600,000 +150,000 +360,000 +90,0000 NA NA8-7Aa. Cash1 20,000 2 20,0003 36,000 4 21,000 5 6,000Bal. 9000Equip. - Ice Cream Mach2 20,000Bal. 20,000Accumulated Depr. 6 3000 Bal 3000Common Stock 1 20,000 Bal 20,000Service Revenue 3 36,000 Bal 36,000Operating Expense5 6,000Bal 6,000Salaries Expense4 21,000Bal 21,000Depreciation Expense6 3,000Bal 3,000b. 3,000c. 6,000d.

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UMass Amherst ACCOUNTG 221 - acct chap 8

School: University of Massachusetts Amherst
Course: Accountg 221- Intro to Acctg I
Pages: 2
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