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ACC 205 WEEK 2 COMPLETE WORK

ACC 205 WEEK 2 COMPLETE WORK

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ACC 205 WEEK 2 COMPLETE WORK

WEEK 2

ASSIGNMENT:

Acc 205_Week Two  Exercise Solution

1. Classification of items for Ron Carroll Company

A. pre­paid expense

B. accrued revenue

C. none of the foregoing

D. unearned revenue

E. pre­paid expense

F. accrued expense

G. none of the foregoing

H. none of the foregoing

2. Computing prepaid account balance of Action Sign Company:

3. Understanding the closing process:

A. Interest Payable, Accounts Receivable, Cash, Accounts Payable, Accumulated Depreciation: Equipment

B. Alex Kenzy, Drawing, Service Revenue, Supplies Expense, Interest Expense

C. Interest Expense, Supplies Expense

D. Alex Kenzy, Drawing

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