ACC 201 Week 1 Chapter 1 and 2 Practice Exercises

This pack of ACC 201 Week 1 Chapter 1 and 2 Practice Exercises include:

EXERCISE 1-2

a.Investors put assets into the company with the hope of sharing profits. Creditors lend assets to the company with the hope of repayment of the principal as well as interest on the loan.

b. Kennedy CompanyAccounting Equation

c. Kennedy CompanyAccounting Equation

EXERCISE 1-4

EXERCISE 1-9

EXERCISE 1-12

EXERCISE 1-18

EXERCISE 2-1

EXERCISE 2-1 b. (cont.)

EXERCISE 2-1 b. (cont.)

EXERCISE 2-3

EXERCISE 2-19

EXERCISE 2-22

EXERCISE 2-25