Question : 177. For each of the following companies, identify whether it a : 1239231

 

177. For each of the following companies, identify whether it is a service, merchandising, or manufacturing business. 

A.

Dillards

B.

Time Warner Cable

C.

General Motors

D.

Netflix

E.

Stanley Steemer

F.

Sony

G.

Best Buy

H.

Banana Republic

I.

H & R Block

 

 

 

 

 

 

 

 

178. Identify each of the following as either internal or external users of accounting information. 

A.

Payroll Manager

B.

Bank

C.

President’s Secretary

D.

Internal Revenue Service

E.

Raw Material Vendors

F.

Social Security Administration

G.

Health Insurance Provider

H.

Managerial Accountant

 

 

 

 

 

 

 

 

179. Determine the missing amount for each of the following: 

  Assets

Liabilities

Stockholders’ Equity

     (a)

$38,000

$45,000

$30,000

(b)

$22,000

$53,000

$  32,000

(c)

 

 

 

 

 

 

 

 

 

180. Identify each of the following as an (1) increase in stockholders’ equity, or a (2) decrease in stockholders’ equity. 

(a)

Fees Earned

(b)

Wages Expense

(c)

Dividends

(d)

Lawn Care Revenue

(e)

Issue Capital Stock

(f)

Supplies Expense

 

 

 

 

 

 

 

 

181. Selected transactions completed by a corporation are described below.  Indicate the effects of each transaction on assets, liabilities, and stockholders’ equity by inserting “+” for increase and “-” for decrease in the appropriate columns at the right.  If appropriate, you may insert more than one symbol in a column. 

 

 

A

L

SE

(a)

Received cash from issuing capital stock

_____

_____

_____

(b)

Purchased supplies on account

_____

_____

_____

(c)

Paid rent for the current month

_____

_____

_____

(d)

Received cash for services sold to customers

_____

_____

_____

(e)

Returned some defective supplies purchased in (b)

_____

_____

_____

(f)

Paid insurance premiums in advance

_____

_____

_____

(g)

Paid cash to creditor for purchases in (b)

_____

_____

_____

(h)

Charged customers for services sold on account

_____

_____

_____

(i)

Paid cash to a customer as a refund for an overcharge

_____

_____

_____

(j)

Received cash on account from customers

_____

_____

_____

(k)

Paid cash dividends

_____

_____

_____

(l)

Recorded the cost of supplies used during the year

_____

_____

_____

(m)

Received invoice for electricity used

_____

_____

_____

(n)

Paid wages

_____

_____

_____

(o)

Purchased a truck for cash

_____

_____

_____