Classified Balance Sheet

”

Name:

.15
Question 1:Suggested time 45 minutes:
40% points
a.
General Journal Entries:

Date

Account

Debit

Credit

b.
Adjusting Entries:

Date

Account

Debit

Credit

Answer Sheet Page 1 of 8.Sp.15 Final
Exam

c.
Adjusted Trial Balance:

Adjusted Trial Balance

Account Titles

Debit

Credit

Answer Sheet Page 2 of 8.Sp.15 Final
Exam

d.
Classified Balance Sheet:

Answer Sheet Page 3 of 8.Sp.15 Final
Exam

e.
Closing Entries:

Date

Account

Debit

Credit

Question2: Suggested time 15 minutes: 8% points

a. Cost of Goods Available for Sale

b. Sales

c. Value of:

Ending Inventory

COGS

1) LIFO method

2) FIFO method

3) Average-cost method

Answer Sheet Page 4 of 8.Sp.15 Final
Exam

Question
3: Suggested
time 15 minutes: 7% points

Date

Account

Debit

Credit

Answer Sheet Page 5 of 8.Sp.15 Final
Exam

Question 4: Suggested time 20
minutes: 9% points
a. Answer:

Year

Depreciation Expense

Total Accumulated Depreciation

End of Year Book Value

b. Answer:

Year

Depreciation Expense

Total Accumulated Depreciation

End of Year Book Value

Answer

Answer Sheet Page 6 of 8.Sp.15 Final
Exam

Question 5: Suggested time 10 minutes: 7% points:

Date

Account

Debit

Credit

Question 6: Suggested time 10 minutes: 4% points:

Date

Account

Debit

Credit

Answer Sheet Page 7 of 8.Sp.15 Final
Exam

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

17:

27:

18:

28:

19:

29:

10:

20:

30:

11:

21:

31:

12:

22:

13:

23:

14:

24:

15:

25:

16:

26:

Answer Sheet Page 8 of 8.Sp.15 Final
Exam
Name:.15 Question 1:Suggested time 45 minutes:
40% pointsa.
General Journal Entries:DateAccountDebitCreditb.
Adjusting Entries:DateAccountDebitCreditAnswer Sheet Page 1 of 8.Sp.15 Final
Examc.
Adjusted Trial Balance:Adjusted Trial BalanceAccount TitlesDebitCreditAnswer Sheet Page 2 of 8.Sp.15 Final
Examd.
Classified Balance Sheet:Answer Sheet Page 3 of 8.Sp.15 Final
Exame.
Closing Entries:DateAccountDebitCreditQuestion2: Suggested time 15 minutes: 8% pointsa. Cost of Goods Available for Saleb. Salesc. Value of:Ending InventoryCOGS 1) LIFO method 2) FIFO method 3) Average-cost methodAnswer Sheet Page 4 of 8.Sp.15 Final
Exam Question
3: Suggested
time 15 minutes: 7% pointsDateAccountDebitCreditAnswer Sheet Page 5 of 8.Sp.15 Final
ExamQuestion 4: Suggested time 20
minutes: 9% pointsa. Answer:
YearDepreciation ExpenseTotal Accumulated DepreciationEnd of Year Book Value b. Answer:
YearDepreciation ExpenseTotal Accumulated DepreciationEnd of Year Book Value c.AnswerAnswer Sheet Page 6 of 8.Sp.15 Final
ExamQuestion 5: Suggested time 10 minutes: 7% points: DateAccountDebitCreditQuestion 6: Suggested time 10 minutes: 4% points: DateAccountDebitCreditAnswer Sheet Page 7 of 8.Sp.15 Final
ExamMultiple
choice questions allocated 1% point each: Make your
selection by indicating the letter corresponding to your answer. Suggested time
is 60 minutes.Question NumberAnswerQuestion NumberAnswerQuestion NumberAnswer7: 17: 27: 8:
18:
28:
9: 19: 29: 10:20:
30:
11:21:
31:
12:22:
13:23:
14:24:
15:25:
16:26:
Answer Sheet Page 8 of 8.Sp.15 Final
Exam”

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