Assignment exercise unit 1 and 2


Unit 1. Accomplished drill on the Excel divulge subterfuge granted.


Drill 10


Counterpoise subterfuge items


From the aftercited catalogue of separated items charmed from the chronicles of Wright Appliance Service as of a unfair epoch, authenticate those that would answer on the counterpoise subterfuge.










$  (c)  





Stockholders’ equity

















Drill -12


Financial assertion items




Authenticate each of the aftercited items as (a) an asset, (b) a burden, (c) produce, (d) an price, or (e) a dividend:


  • 1.Amounts attributable from customers

  • 2.Amounts just suppliers

  • 3.Currency on hand

  • 4.Currency compensated to storeholders

  • 5.Currency sales

  • 6.Equipment

  • 7.Voice payable just to the bank

  • 8.Laceration compensated ce the month

  • 9.Sales commissions compensated to salespersons

  • 10.Wages compensated to employees




    Assertion of currency flows


    Indicate whether each of the aftercited currency activities would be reputed on the assertion of currency flows as (a) an easy disposition, (b) an investing disposition, or (c) a financing disposition.


  • 1. Issued consummate store

  • 2. Compensated laceration

  • 3. Compensated ce station equipment

  • 4. Sold services

  • 5. Issued a voice payable

  • 6. Sold increase station equipment

  • 7. Compensated stationrs’ salaries

  • 8. Compensated ce advertising

  • 9. Compensated protection

  • 10. Compensated dividends




    Unit 2: Use Excel Divulge Subterfuge to accomplished this assignment.



    Allowance assertion

    Obj|3, 5


    Net allowance, $45,000

    After its original month of production, the aftercited amounts were charmed from the accounting chronicles of Benjamin Realty Inc. as of April 30, 2013.


Consummate store


Notes payable

$ 35,000



Laceration price




Retained rights


Interest price


Salaries price




Sales commissions


Miscellaneous price


Utilities price



Just an allowance assertion ce the month bound April 30, 2013.






Retained rights assertion


Obj|3, 5


Retained rights, April 30, 2013, $35,000


Using the financial postulates shown in Drill 2-17 ce Benjamin Realty Inc., just a retained rights assertion ce the month bound April 30, 2013.




Counterpoise subterfuge


Obj|3, 5


Total property, $95,000


Using the financial postulates shown in Drill 2-17 ce Benjamin Realty Inc., just a counterpoise subterfuge as of April 30, 2013.








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