Help with my ACCT 220 Final Exam HW
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Acct-220.Se14 Final-Exam
Problem 1: Suggested time 20 minutes: 15% points
a. Adjusting Entries:
| Date | Account | Debit | Credit |
b. Partial Adjusted Trial Balance:
| Adjusted Trial Balance (partial) | ||
| Account-Titles | Debit | Credit |
| Prepaid-Insurance | ||
| Supplies | ||
| Accumulated-Depreciation, Equipment | ||
| Accounts-Payable | ||
| Flap’s-Drawings | ||
| Service-Revenue | ||
| Depreciation-Expense, Equipment | ||
| Supplies-Expense | ||
| Insurance-Expense | ||
| Rent-Expense | ||
| Utilities Expense | ||
Answer Sheet Page 1-of-6.Se14 Final-Exam
c. Closing Entries:
| Date | Account | Debit | Credit |
Problem 2: Suggested time 15 minutes: 15% points
| a. Cost of Goods Available for Sale | |||
| b. Value of: | Ending Inventory | COGS | |
| (1) LIFO method | |||
| (2) FIFO method | |||
| (3) Average-cost method | |||
Show calculations in this text entry box:
Answer Sheet Page 2-of-6.Se14 Final-Exam
Problem 3: Suggested time 20 minutes: 15% points
Answer Sheet Page 3-of-6.Se14 Final-Exam
Problem 4: Suggested time 15 minutes: 10% points
| Date | Account | Debit | Credit |
Answer Sheet Page 4-of-6.Se14 Final-Exam
Problem 5: Suggested time 20 minutes: 10% points
Show calculations in this text entry box:
Show calculations in this text entry box:
c. Answer:
Show calculations in this text entry box:
Answer Sheet Page 5-of-6.Se14 Final-Exam
Problem 6: Suggested time 10 minutes: 10% points:
| Date | Account | Debit | Credit |
Multiple choice questions allocated 1% point each: Make your selection by indicating the letter corresponding to your answer. Suggested time is 60 minutes.
| Question Number | Answer | Question Number | Answer | Question Number | Answer | |
| 7: | C | 17: | 27: | |||
| 8: | 18: | 28: | ||||
| 9: | C | 19: | 29: | |||
| 10: | B | 20: | 30: | |||
| 11: | 21: | 31: | ||||
| 12: | 22: | |||||
| 13: | 23: | |||||
| 14: | 24: | |||||
| 15: | 25: | |||||
| 16: | 26: | |||||
Answer Sheet Page 6-of-6.Se14 Final-Exam
