ACC 290 Week 2 Individual Assignment Problems and Exercises - 87247

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Week Two Problems and Exercises ACC/290 University of Phoenix E3-4 (a) ?1. Stockholders invested $20,000 cash in the business. ?2. Purchased equipment for $5,000, paying $1,000 in cash and the balance of $4,000 on account. ?3. Paid $750 cash for supplies. ?4. Earned $9,500 in revenue, receiving $4,100 cash and $5,400 on account. ?5. Paid $1,500 cash on accounts payable. ?6. Paid $2,000 cash dividends to stockholders. ?7. Paid $800 cash for rent. ?8. Collected $450 cash from customers on account. ?9. Paid salaries of $3,000. 10. Incurred $300 of utilities expense on account...
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Week Two Problems and Exercises 
ACC/290
University of Phoenix

 

 

 

 

 

 

 

E3-4
(a)     1.  

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ACC_290_Week_2_Individual_Assignment_Problems_and_Exercises.doc
ACC_290_Week_2_...