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Financial Accounting Cengage Notes and Answers

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$55,550 = $30,000 + $50,000 - $3500 - $3000 - $10,000 - $8000 (Revenue + capital stock – expenses & dividends) $29,000 = $50,000 - $3000 - $29,000 (revenue – expenses)

$283,000 = $(296500 + 380000 + 580000) - $

(Liability + Equity – Asset) $973,500 = $313000 + 338000 + 3225000 (Land, building, equipment) $296,500 = $150,500 + 146,000 (Acct payable + notes – short term) $380,000 (mortgage) $580,000 (capital stock + retained earnings)

18,500 (operating income) = 26000 – 7500 (revenue – operating expenses) 2350 = 4000 – 1400 – 250 16,150 (net income) = 185000 – 2350

EPS = 34510/3 = 10000

Rent expense = 48000/6 = 8000 (6 months) UR = 74000 – 42000 = 32000

  • RE: CR 1360 + 4100 – DR 2634 – 300 =
  • 3,750,000 – 100,000 – 150,000 = 3,500,
  • Multiple Choice

Course : Financial Accounting (ACC1002)

University : national university of singapore.

cengage chapter 1 homework answers

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