7. Listed below are selected accounts for Tercek Company, Inc. Select a letter from the following key and place it in the space to the left of the account title to indicate the proper balance sheet classification for the account.

Key: a. Current asset

b. Property, Plant, and Equipment

c. Current liability

d. Long-term liability

e. Stockholders equity

f. Not a balance sheet account

1.		Accounts payable
2.		Long-term notes payable
3.		Prepaid rent
4.		Dividends
5.		Equipment
6.		Cash
7.		Wages payable
8.		Retained earnings
9.		Accounts receivable
10.		Supplies

10. Campbell reported the following selected information at August 2, 2013 ($ millions):

Common stock, August 3, 2012	$600
Stock issued during August 3, 2012 to August 2, 2013	320
Retained Earnings, August 3, 2012	791
Net income	736
Dividends	357

Use this information to prepare a statement of stockholders equity for Campbells for the year ending August 2, 2013.

11. Fenix Company reported the following year-end amounts:

Net Sales	$52,500
Beginning Inventory	7,650
Net Cost of Purchases	33,750
Ending Inventory	?
Cost of Goods Sold	?
Gross Profit	21,450

What is Fenix Companys Ending Inventory and Cost of Goods Sold for the year?