College accounting chapters 1 15 22nd edition heintz test bank

... 31 $68 ,16 2 $ 10 ,11 5 10 ,700 (585) $67,577 Fast Delivery Service Balance Sheet December 31, 20 Assets Cash Accounts Receivable Supplies Equipment Total Assets $ 20,087 9,0 51 1, 515 10 0,700 $13 1,353 ... Wages Expense $ 9,0 51 63,776 2,055 68 ,16 2 10 ,700 20,087 10 0,700 37,394 1, 967 10 ,900 1, 515 2,342 10 , 015 Instructions: Prepare an income statement for the year ended December 31 Prepare a statement ... 820 1, 140 18 0 1, 450 1, 540 (c) Accounts Payable 2,640 (e) 480 (h) 1, 450 (b) Rent Expense 820 (f) (i) Accounts Receivable 3 ,240 2, 210 Supplies 1, 620 (e) (i) (j) Income from Services 2, 210 (f) 1, 420...

... Application 18 A trial balance is a a listing of all the assets, liabilities, and owner's equity accounts that have balances b a listing of all the accounts that have zero balances c a listing of all the ... the accounts? a Debit an asset account and credit an expense account b Debit an asset account and credit an asset account c Debit an expense account and credit an asset account d Debit a liability ... Thinking AICPA-FN: Measurement|ACBSP: Recording Transactions Bloom's: Comprehension A credit may result in a an increase in an asset account b a decrease in the Capital account c an increase in a liability...

... transaction on the three basic accounting elements by indicating the dollar amount of the increase or decrease under the proper element heading Compute the resulting accounting equation a b c d ... transaction on the accounting equation by indicating under the proper heading the dollar amount of increase or decrease for each transaction listed below Compute the resulting accounting equation ... relationship between the three basic accounting elements: , , and , can be expressed in the form of a simple equation known as the accounting equation ANS: assets, liabilities,...

... proceed further Chandra does not know whether the motion to dismiss or the motion for a summary judgment is proper Which motion is proper and why? ANS: As between the motion to dismiss and the motion ... a demand letter sent by the plaintiff to the defendant b a reply sent to the plaintiff by the defendant c giving the defendant proper notice that a legal action is pending d a record of the court's ... affidavits and/ or deposition testimony, Chandra’s attorney could argue that there are no material issues of fact disputed by the parties, and that Chandra is entitled to judgment as a matter of law...

... project One and a half The Hammond Company purchased acres were set aside for a park a How many acres are available for housing? b How many acre parcels of land can be sold after the land for the ... Page 36 92 The area of a rectangle is equal to the product of the length of the rectangle times its 2 width Find the area of a rectangle that has a length of miles and a width of miles The area ... than 11 ? 68 11 Find the difference between A) 8 121 B) 33 C) 121 D) 165 E) 33 69 What is A) 14 15 B) 14 15 C) 14 45 D) 14 15 E) 14 45 11 and 2 minus ? Page 27 70 miles from the starting An...

... game, you get scores of -10, 9, -4, and What is your final score? A) -7 B) C) -1 D) 80) 81) Your bank account has $83 in it when you write checks for $54, $47, and $38 You then deposit $35 and ... does the race end? A) 413 feet B) 2791 feet C) -2791 feet D) -361 feet 82) 83) A corporation's bank account has $9508 in it when the treasurer writes checks for $4167, $1017, and $2611 Then deposits ... overdrawn? A) $15,706, no B) -$15,706, yes C) $3310, no D) $5921, no 83) 84) Nikki is fishing from a bank 10 feet above water level In this location, the fish tend to feed at 25 feet below the surface...

... are keyed with the left hand? © 2 015 South-Western/Cengage Learning a b c d p, i, u, k, and n q, e, x, f, and a j, m, c, h, and o all of the above are keyed with the left hand ANS: b Which of the ... key b tap the CAPS LOCK key c hold down the SHIFT key and strike the CAPS LOCK key d depress the CTRL and ALT keys simultaneously ANS: b 10 Tabs are usually set every to the right of the ... a minute ANS: words © 2 015 South-Western/Cengage Learning Quotation marks are created using the Quotation Mark/Apostrophe key and the key ANS: Left Shift © 2 015 South-Western/Cengage Learning...

... Increasing on (-1, 0) and (3, 5); Decreasing on (0, 3); Constant on (-5, -3) B) Increasing on (1, 3); Decreasing on (-2, 0) and (3, 5); Constant on (2, 5) C) Increasing on (-2, 0) and (3, 5); Decreasing ... Constant on D) Increasing on (-2, 0) and (3, 4); Decreasing on (-5, -2) and (1, 3) 5) 5) _ A) B) C) D) Increasing on (-3, -1); Decreasing on (-5, -2) and (2, 4); Constant on (-1, 2) Increasing ... (-3, 0); Decreasing on (-5, -3) and (2, 5); Constant on (0, 2) Increasing on (-3, 1); Decreasing on (-5, -3) and (0, 5); Constant on (1, 2) Increasing on (-5, -3) and (2, 5); Decreasing on (-3,...

... demonstrate her understanding, Deborah reaches out and pats Andrea's hand This action from Deborah is an example of: A verbal communication B paralanguage C kinesics D haptic communication Deborah's ... matters and possible conflicting time commitments AACSB: Communication Accessibility: Keyboard Navigation Blooms: Understand Learning Objective: 02-03 Discuss and contrast listening in casual and business ... receivers of your communication, and the activities involved AACSB: Communication Blooms: Understand Learning Objective: 02-01 Discuss the basics of nonverbal communication and their importance...

... is a description of what characteristic of the car's motion? A) average speed B) instantaneous speed C) average acceleration D) instantaneous acceleration E) displacement Answer: C Var: 14) An ... the instant a traffic light turns green, a car that has been waiting at the intersection starts ahead with a constant acceleration of 2.00 m/s2 At that moment a truck traveling with a constant velocity ... versus time graph of this object is A) a horizontal straight line B) a vertical straight line C) a straight line making an angle with the time axis D) a parabolic curve Answer: A Var: 37) An object...

... are insufficient to cover the advance Anita finishes the book in 2013 Her total royalties from sales in 2014 are $12,000 Anita must include $5,000 in income in 2013 and $7,000 in income in 2014 ... 2015 The gross amount of the check is included in Mario's 2014 income Which of the following concepts or doctrines best explains this treatment? a Wherewithal-To-Pay Concept b All-inclusive Income ... supplies in 2013 In 2014, the vendor finds a $200 mistake on the invoice and refunds the overpayment to Rachel Which of the following doctrines or concepts is the least helpful in determining how...

... an area in which accountants usually practice? A. Public Accounting B.Industrial Accounting C.Governmental Accounting D.Managerial (Private) Accounting An independent accountant who provides accounting ... entered college and decide to pursue a career as an accountant What are the three areas in which an accountant can practice? Answer Given Public accounting, managerial (private) accounting, and governmental ... the public for a fee is a A.CIA B.CFE C.CMA D.CPA An act passed in response to the wave of corporate accounting scandals is the A. Saxon-Ordanly Act B.Sarbanes-Oxley Act C.Sardonic-Oxone Act D.Sorbine-Oxide...

... Learning Outcome: Define accounting terms, accounting concepts and principles 8) Why is Revenue increased on the Credit side? (Explain as it pertains to the expanded accounting equation and its ... AACSB: Communication Abilities Learning Outcome: Define accounting terms, accounting concepts and principles 2.2 Learning Objective 2-2 1) An accounting device used to record increases and decreases ... side D) the last entry of the accounting period was posted on the debit side Answer: A Diff: LO: 2-2 AACSB: Analytic Skills Learning Outcome: Define accounting terms, accounting concepts and principles...