1-

Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split, the par value, number of shares, and approximate market value after the split would be:

	Par Value		No. of Shares		Market Value
A.	$ 6.00		16,000		$ 12.50
B.	$ 6.00		8,000		$ 25.00
C.	$ 3.00		16,000		$ 12.50
D.	$ 3.00		16,000		$ 25.00

2-

The following is a random list of the accounts of Wyoming Company:

Cash	17,300		Accounts Receivable	5,000
Accounts Payable	4,000		Service Revenue	17,500
Land	24,300		Retained Earnings	16,500
Operating Expenses	11,700		Common Stock	20,300

If these accounts were presented in a trial balance, the total of the credit column would be equal to:

3-

[The following information applies to the questions displayed below.]

The inventory records for Radford Co. reflected the following

Beginning Inventory @ May 1	600 units @ $2.80
First Purchase @ May 7	700 units @ $3.00
Second Purchase @ May 17	900 units @ $3.10
Third Purchase @ May 23	500 units @ $3.20
Sales @ May 31	2,100 units @ $4.70

4-

North Woods Company has a line of credit with the Olympia State Bank. North Woods agreed to pay interest at an annual rate equal to 2% above the bank's prime rate. Funds are borrowed or repaid on the first day of each month and interest is paid in cash on the last day of each month. Borrowing is shown as a positive amount, and repayments are shown as negative amounts indicated by parentheses. Activity to date is given as follows:

Month	Amt. Borrowed or (Repaid)	Prime Rate for the Month
January	$44,000	6%
February	$66,000	5%
March	($44,000)	3%