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UMass Amherst ACCOUNTG 221 - acct chap 8

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Rachel Cohen 28122247 8 2A a No b Yes c Yes d Yes e Yes f Yes g No h Yes i Yes j No k No l Yes 8 3A a T b T c T d T e I f I g T h T i I j T k T l I 8 6A a Land 150 000 Building 360 000 Equipment 90 000 Total 600 000 b Cash Land 600 000 150 000 Building Equip Liab 360 000 90 0000 NA 8 7A a 1 3 Cash 20 000 36 000 2 4 5 20 000 21 000 6 000 Equity NA Bal 2 Bal 5 Bal 4 Bal 6 Bal b 3 000 c 6 000 d No 9000 Equip Ice Cream Mach 20 000 20 000 Accumulated Depr 6 Bal Common Stock 1 Bal Service Revenue 3 Bal Operating Expense 6 000 6 000 Salaries Expense 21 000 21 000 Depreciation Expense 3 000 3 000 3000 3000 20 000 20 000 36 000 36 000


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UMass Amherst ACCOUNTG 221 - acct chap 8

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