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Acc 290 Week Three Problems and Exercises

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Week Three Problems and Exercises

ACC/290

University of Phoenix

BE4-1

| | |cash | |net income |
|A. | |-100 | |0 |
|B. | |0 | |-20 |
|C. | |0 | |+1,300 |
|D. | |+800 | |0 |
|E. | |-2,500 | |0 |
|F. | |0 | |-600 |

P4-2A

| |Date | |Accounts | |Debit | |Credit |
| |June 30 | | | | | | |
|1. | | |Accounts Rec. | |3,900 | | |
| | | | | | | |3,900 |
| | | | | | | | |
|2. | 30 | |Unearned Service Rev. | |4,100 | | |
| | | | | | | |4,100 |
| | | | | | | | |
|3. | 30 | |Insur. Exp. | | 240 | | |
| | | |

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