Part I: Fill-In-The-Blanks(10\2=20 points is a collection of all accounts used by a business 2. All cash payments by check are recorded in the 3. Revenue and expense accounts are called because they are opened

hool of Business, Sun Y at-sen University Lesson 1 Introduction to Accounting Exercise Short Answer questions 1. Please elaborate the term of efficient market 2. Please elaborate the terms of ethical man, economic man, rational economic

hool of Business, Sun Y at-sen University L 2 Economic Transactions and Accounting equation Exercises 1. Lion Company had a net cash inflow of $80,000 from operating activi

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University L 3 Analyzing and Recording Accounting Transactions Exercises 1. Identify the effects, if any, of each of the following items of information on assets

Task Team of FUNDAMENTAL ACCOUntING Lesson 4 Adjusting Accounts for Financial Statement Exercise David Company has the following information at the year-end for the preparation of adjusting Of the $10000 balance in unearned revenue. $7000 has been earned

Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 5 Completing the Accounting Cycle Closing entries An adjusted trial balance for Mariposo, Inc, at December 31 appears below MARIPOSO. INC

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 6 Accounting for Merchandising Activities Exercise Calculation and Analysis Problems 1. OSu Co. is an office-supply store. The company uses a perpetual inventory system, records

ACCOUntING hool of Business, Sun Y at-sen University Lesson 7 Merchandise Inventories and cost of sales Exercise Calculation and Analyzing Problems 1. The perpetual inventory records of LIBY HOUSEHOLD show 150 units of a particular

Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 8 Accounting Information System Exercise Matching For each numbered item, choose the appropriate journal and write the identifying letter Bought merchandise on accou

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 9 Financial Statements excises 1. The following financial statement information is known about five separate proprietorships Company Company Company Company Company December 31. 2001