Instructions
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.
AC 501 Unit 2 Homework Assignment
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