Question
Determine the missing amount for each of the following: Assets Liabilities Owner's Equity (a) $18,000 $11,000 $50,000 (b) $28,000 $35,000 $ 7,000 (c) ANS: (a)
Determine the missing amount for each of the following:
| Assets | Liabilities | Owner's Equity |
| (a) | $18,000 | $11,000 |
| $50,000 | (b) | $28,000 |
| $35,000 | $ 7,000 | (c) |
ANS:
| (a)
|
|
| (b)
|
|
| (c) |
|
Indicate whether each of the following represents an asset, liability, or owner's equity:
| (a) | accounts payable |
| (b) | wages expense |
| (c) | capital |
| (d) | accounts receivable |
| (e) | withdrawal |
| (f) | land |
ANS:
| (a)
|
|
| (b)
|
|
| (c)
|
|
| (d)
|
|
| (e)
|
|
| (f) |
|
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
4th Edition
0131797395, 978-0131797390
