Comprehensive Case Part 2 must be turned in to your teacher by the date specified on...

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Comprehensive Case Part 2 must be turned in to your teacher by the date specified on the course calendar. To receive credit, all work must be shown for questions requiring calculations. Question 1: Identify each term defined below. 1. Statement that reports the revenues and expenses for a period of time. 2. The right side of an account. 3. The "rules" of accounting. 4. Chronological record of an entity's transactions. 5. Process of transferring the entries from the book of original entry to the T- accounts/ledger. 6. Statement that shows assets, liabilities, and stockholder's equity at a specific date. Question 2: Determine the missing amount in the expanded accounting equation for the following: = Assets Liabilities + Com.Stk. + Beg. R/E + Revenues - Expenses - Dividends 1. $95,000 = $44,000 +$11,000 + $10,000 +$78,000 - $35,000 - X 2. $135,000 = X + $75,000+ $36,000+ $56,000 - $47,000 - $16,000 Question 3: Identify the normal balance for each of the following accounts by writing D for debit or C for credit. 1. Building 2. Salaries Expense 4. Service Revenue 5. Supplies 3. Accounts Payable 6. Accounts Receivable Comprehensive Case Part 2 must be turned in to your teacher by the date specified on the course calendar. To receive credit, all work must be shown for questions requiring calculations. Question 1: Identify each term defined below. 1. Statement that reports the revenues and expenses for a period of time. 2. The right side of an account. 3. The "rules" of accounting. 4. Chronological record of an entity's transactions. 5. Process of transferring the entries from the book of original entry to the T- accounts/ledger. 6. Statement that shows assets, liabilities, and stockholder's equity at a specific date. Question 2: Determine the missing amount in the expanded accounting equation for the following: = Assets Liabilities + Com.Stk. + Beg. R/E + Revenues - Expenses - Dividends 1. $95,000 = $44,000 +$11,000 + $10,000 +$78,000 - $35,000 - X 2. $135,000 = X + $75,000+ $36,000+ $56,000 - $47,000 - $16,000 Question 3: Identify the normal balance for each of the following accounts by writing D for debit or C for credit. 1. Building 2. Salaries Expense 4. Service Revenue 5. Supplies 3. Accounts Payable 6. Accounts Receivable

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Question 1 Identifying Accounting Terms Income Statement or Profit and Loss Statement Reports the re... View the full answer