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Name:
Acct 220.Sp.14
Final Exam
Question 1: Suggested time 20 minutes: 15% points
a. Adjusting Entries:
Date
Account
Debit
Credit
b. Partial Adjusted Trial Balance:
Adjusted Trial Balance (partial)
Account Titles
Debit
Credit
Prepaid Insurance
Supplies
Accumulated Depreciation, Equipment
Accounts Payable
Flip’s Drawings
Service Revenue
Depreciation Expense, Equipment
Supplies Expense
Insurance Expense
Rent Expense
Utilities Expense
Answer Sheet Page 1 of 6.Sp.14
Final Exam
c. Closing Entries:
Date
Account
Debit
Credit
Question 2: Suggested time 15 minutes: 15% points
a. Cost of Goods Available for Sale
b. Value of:
Ending Inventory
COGS
(1) LIFO method
(2) FIFO method
(3) Average-cost method
Show calculations in this text entry box:
Answer Sheet Page 2 of 6 .Sp.14
Final Exam
Question 3: Suggested time 20 minutes: 15% points
Answer Sheet Page 3 of 6 .Sp.14
Final Exam
Question 4: Suggested time 15 minutes: 10% points
Date
Account
Debit
Credit
Answer Sheet Page 4 of 6 .Sp.14
Final Exam
Question 5: Suggested time 20 minutes: 10% points
a.Answer:
Show calculations in this text entry box:
b. Answer:
Show calculations in this text entry box:
c. Answer:
Show calculations in this text entry box:
Answer Sheet Page 5 of 6 .Sp.14
Final Exam
Question 6: Suggested time 10 minutes: 10% points:
Date
Account
Debit
Credit
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
7:
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 6 of 6 .Sp.14
Final Exam
NameAcct 220.Sp.14Final Exam Question 1 Su.docx

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NameAcct 220.Sp.14Final Exam Question 1 Su.docx

  • 1. Name: Acct 220.Sp.14 Final Exam Question 1: Suggested time 20 minutes: 15% points a. Adjusting Entries: Date Account Debit Credit
  • 2. b. Partial Adjusted Trial Balance: Adjusted Trial Balance (partial)
  • 3. Account Titles Debit Credit Prepaid Insurance Supplies Accumulated Depreciation, Equipment Accounts Payable Flip’s Drawings Service Revenue Depreciation Expense, Equipment Supplies Expense Insurance Expense Rent Expense Utilities Expense
  • 4. Answer Sheet Page 1 of 6.Sp.14 Final Exam c. Closing Entries: Date Account Debit Credit
  • 5.
  • 6. Question 2: Suggested time 15 minutes: 15% points a. Cost of Goods Available for Sale b. Value of: Ending Inventory COGS (1) LIFO method (2) FIFO method (3) Average-cost method Show calculations in this text entry box: Answer Sheet Page 2 of 6 .Sp.14 Final Exam Question 3: Suggested time 20 minutes: 15% points
  • 7.
  • 8.
  • 9. Answer Sheet Page 3 of 6 .Sp.14
  • 10. Final Exam Question 4: Suggested time 15 minutes: 10% points Date Account Debit Credit
  • 11.
  • 12.
  • 13. Answer Sheet Page 4 of 6 .Sp.14 Final Exam Question 5: Suggested time 20 minutes: 10% points a.Answer: Show calculations in this text entry box: b. Answer: Show calculations in this text entry box: c. Answer: Show calculations in this text entry box: Answer Sheet Page 5 of 6 .Sp.14
  • 14. Final Exam Question 6: Suggested time 10 minutes: 10% points: Date Account Debit Credit
  • 15.
  • 16. 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 7: 17: 27: 8: 18: 28: 9: 19: 29: 10: 20: