ADMS 2500 Lecture 3: Module 3 Practice Problems.pdf

• School: York University
• Department: Administrative Studies
• Course: ADMS 2500
• Professor: John Kucharczuk

Document Summary

At the close of the period, sara"s drawing account had a debit balance of ,200. On the end-of-period balance sheet, sara"s capital balance is ,000. If sara contributed an additional ,000 to the firm during the period, what is the period"s net income? (a) ,400 (b) Practice problems module 3: during may, hal company invoiced customers ,000 for goods delivered in may and collected ,000 from customers. Included in the ,000 was which was an advance for a sales order which would be filled in june. Company does not expect to receive anything when it disposes of the truck at the end of 6 years. Included in the ,000 was ,000 which was an advance for a sales order which would be filled in february. Kubbrick should report revenue for january of: ,000, ,000, ,000, ,000, none of the above.