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ACCT 220 Final Exam: Comprehensive Financial Accounting Assessment

Final exam covering key concepts in financial accounting.

Scarlett Carter

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Version CACCT 220 Final Exam: Comprehensive Financial AccountingAssessmentAcct 220.Sp.15Final ExamQuestion1:Suggested time45minutes:40% pointsa. General Journal Entries:DateAccountDebitCredit31/12/14Cash1500Accounts receivable1500b. Adjusting Entries:DateAccountDebitCredit31/12/14Interest Receivable300Interest Earned30031/12/14Interest Expense1875Interest Payable187531/12/14Depreciation Expense12000Accumulated Depreciation-building4500Accumulated Depreciation-equipment750031/12/14Salaries Expense5500Salary Payable550031/12/14Allowance for doubtful debts2675Accounts receivable2675Name:

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Version CAnswer Sheet Page1of 9.Sp.15Final Exam

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