AC 501 help A Guide to career/Snaptutorial AC 501 help A Guide to career/Snaptutorial | Page 2

Select the assumption, principle, or constraint that most appropriately justifies these
procedures and practices. (Do not use qualitative characteristics.)
E3-1 (Transaction Analysis—Service Company)
Beverly Crusher is a licensed CPA. During the first month of operations of her
business (a sole proprietorship), the following events and transactions occurred.
E3-4 (Corrected Trial Balance): The trial balance of Watteau Co. (shown on the
next page) does not balance.
E3-10 (Adjusting Entries) Greco Resort opened for business on June 1 with eight air-
conditioned units. Its trial balance on August 31 is as follows.
E3-14 (Closing Entries)
Presented below is information related to Gonzales Corporation for the month of
January 2008.
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AC 501 Unit 2 Homework Assignment
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