c. Land h. Advertising Expense
d. Salaries and Wages Expense i. Supplies
e. Notes Payable j. Utilities Expense
Ans: N/A, LO: 3, Bloom: K, Difficulty: Easy, Min: 5, AACSB: None, AICPA BB: Legal/Regulatory Perspective, AICPA FC: Reporting, AICPA PC: None, IMA: Reporting
Solution 194
a, c, e, f, g, i
Be. 195
Determine the missing items.
Assets = Liabilities + Stockholders’ Equity
$80,000 $56,000 (a)
(b) $28,000 $34,000
$84,000 (c) $55,000
Ans: N/A, LO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Legal/Regulatory Perspective, AICPA FC: Reporting, AICPA PC: Problem Solving, IMA: Reporting
Solution 195
a. $24,000 b. $62,000 c. $29,000
(Assets – Liab.) (Liab. + Stock. Equity) (Assets – Stock. Equity)
Be. 196
Determine the missing items.
Assets = Liabilities + Stockholders’ Equity
$66,000 $50,000 (a)
(b) $18,000 $30,000
$54,000 (c) $40,000
Ans: N/A, LO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Legal/Regulatory Perspective, AICPA FC: Reporting, AICPA PC: Problem Solving, IMA: Reporting
Solution 196
a. $16,000 b. $48,000 c. $14,000
(Assets – Liab.) (Liab. + Stock. Equity) (Assets – Stock. Equity)
Be. 197
Identify which of the following accounts appear on a balance sheet.
(a) Service revenue
(b) Cash