ACCT 1010 Midterm: spring-2015-practice-exam-no-noncash1
Document Summary
Pledge: by signing my name below, i am promising that: the work i complete is my own, i did not and will not give aid to others, 3) i will not share any information about the examination with those who are taking it later, and: i will report any others that i observe violating these rules. The following data is for susie"s sauces, inc. : All of the common stock was sold on october 1, 2013 for per share. The company did not sell any equipment during the year. All equipment purchased during the year was purchased for cash. The balance in retained earnings for each year is after all closing entries have been made. The note payable requires payments of ,000 principal plus interest at 10% on june 30th of each year. The only item that will be graded is the scantron or bubble sheet.
