# ACC 201 Week 2 Chapter 3 Problems

Apr 3rd, 2015
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ACC 201 Week 2 Chapter 3 Problems

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Week 2 Assignment 1ACC 201Ashford UniversityProblem 3-22PROBLEM 3-22EventProduct CostsPeriod Costsa.?b.?c.?d.?e.?f.?g.?h.?i.?j.?Problem 3-25PROBLEM 3-25 a.Event No.Event TypeEvent No.Event Type1a.AS5a.AU1b.AE5b.AS2.AU6.AU3.AU7.AS4a.AS8.AU4b.AUb.Jeater Company Horizontal Statements Model - 2012Balance SheetIncome StatementStatement ofEventNo.Cash+Accts. Rec.+Mdse. Inv.=Accts. Pay+Comm Stock+Ret. Earn.Rev.?Exp.=Net Inc.Cash FlowsBal.4,300NA9,000NA10,0003,300NANANA1a.NANA2,2002,200NANANANANANA1b.(110)NA110NANANANANANA(110)OA2.NANA(200)(200)NANANANANANA3.1(1,980)NA(20)(2,000)NANANANANA(1,980)OA4a. NA5,500NANANA5,5005,500NA5,500NA4b. NANA(3,000)NANA(3,000)NA3,000(3,000)NA5a. (710)NANANANA(710)(710)NA(710)(710)OA5b. NANA400NANA400NA(400)400NA6.(60)NANANANA(60)NA60(60)(60)OA7. 25,390(5,500)NANANA(110)(110)NA(110)5,390OA8.NANA(520)NANA(520)NA520(520)NABal.6,830-0-7,970-0-10,0004,8004,6803,1801,5002,530NC1\$2,200 ? \$200 = \$2,000; \$2,000 x .99 = \$1,980, the amount of cash paid. Discount taken: \$2

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