Name Chapter 3 Brief Exercises

Section
Date

BE3.1

1 (a)
2
3 (b)
4
5 BE3.2
6 (a)
7 (b)
8 (c)
9 (d)
10 (e)
11 (f)
12 (g)
13 (h)
14
15 BE3.3
16 (a)
17 (b)
18 (c)
19
20 BE3.4
21 (a)
22 (b)
23 (c)
24 (d)
25
26 BE3.5
27
28
29 BE3.6 Stockholders'
30 Assets Liabilities Equity
31 (a)
32 (b)
33 (c)
34
35 BE3.7 Stockholders'
36 Assets Liabilities Equity
37 (a)
38 (b)
39 (c)
40
rief Exercises

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Name Chapter 3 Brief Exercises Continued
Section
Date

BE3.8

1 (a) Advertising expense 1

2 (b) Service revenue 2
3 (c) Insurance expense 3
4 (d) Salaries and wages expense 4
5 (e) Dividends 5
6 (f) Rent revenue 6
7 (g) Utilities expense 7
8 8
9 BE3.9 9
10 (a) Received cash for services performed 10
11 (b) Paid cash to purchase equipment 11
12 (c) Paid employee salaries 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
Name Chapter 3 Brief Exercises Concluded
Section
Date

BE3.10
MANION CORP.
Balance Sheet
Assets = Liabilities + Stockholders' Equity

Trans- Accounts Accounts Notes Common Retained Earnings

action Cash + Receivable + Supplies = Payable + Payable + Stock + Rev. - Exp. - Div.
1 1. 1
2 2. 2
3 3. 3
4 4. 4
5 5

BE3.11
ROSTOCK COMPANY
Balance Sheet
Assets = Liabilities + Stockholders' Equity

Trans- Accounts Common Retained Earnings

action Cash + Inventory + Equipment = Payable + Stock + Rev. - Exp. - Div.
1 1. 1
2 2. 2
3 3. 3
4 4
Name DO IT! 3.1
Section
Date Accounting Concepts and Principles

1.
1 2. 1
2 3. 2
3 4. 3
4 5. 4
5 6. 5
6 7. 6
7 8. 7
8 9. 8
9 10. 9
10 11. 10
11 12. 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
Name DO IT! 3.2a
Section
Date Mickelson Co.

MICKELSON CO.
Assets = Liabilities + Stockholders' Equity

Trans- Accounts Accounts Common Retained Earnings

action Cash + Receivable = Payable + Stock + Revenues - Expenses - Dividends
1 1. 1
2 2
3 2. 3
4 4
5 3. 5
6 6
7 4. 7
8 8
Name DO IT! 3.2b
Section
Date Vortex Corp.

(b)
VORTEX CORP.
Income Statement
For the Year Ended December 31, 2022
1 Revenues 1
2 2
3 Expenses 3
4 4
5 5
6 6
7 7
8 Net income 8
9 9

(c)
VORTEX CORP.
Retained Earnings Statement
For the Year Ended December 31, 2022
1 1
2 2
3 3
4 4
5 5
6 6
Name DO IT! 3.2b Concluded
Section
Date Vortex Corp.

VORTEX CORP.
Balance Sheet
December 31, 2022
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Stockholders' Equity 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
Name Exercises 3.1 to 3.3
Section
Date

E3.1

1 (a)
2 (b)
3 (c)
4 (d)
5 (e)
6 (f)
7

E3.2

1 (a)
2
3
4 (b)
5
6
7
8
9 (c)
10
11
12
13
14
15

E3.3

1 1.
2 2.
3 3.
4 4.
5 5.
6 6.
7 7.
8 8.
ses 3.1 to 3.3

1
2
3
4
5
6
7

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

1
2
3
4
5
6
7
8
Name Exercises 3.4 and 3.5
Section
Date

E3.4

1 1 6. 1
2 2. 7. 2
3 3. 8. 3
4 4. 9. 4
5 5. 5
6 6

E3.5
BRADY COMPANY
Balance Sheet
Assets = Liabilities + Stockholders' Equity

Trans- Accounts Accounts Common Retained Earnings

action Cash + Receivable + Equipment = Payable + Stock + Revenues - Expenses - Div.
1 1. 1
2 2. 2
3 3. 3
4 4. 4
5 5. 5
6 6. 6
7 7. 7
8 8. 8
9 9. 9
Name Exercise 3.6
Section
Date Persimmon Corp.

PERSIMMON CORP.
Balance Sheet
Assets = Liabilities + Stockholders' Equity

Trans- Accounts Accounts Notes Common Retained Earnings

action Cash + Receivable + Supplies + Equipment = Payable + Payable + Stock + Revenues - Expenses - Dividends Explanation
1 1. 1
2 2
3 2. 3
4 4
5 3. 5
6 6
7 4. 7
8 8
9 5. 9
10 10
11 6. 11
12 12
13 7. 13
14 14
15 8. 15
16 16
17 9. 17
18 18
19 19
Name Exercise 3.7
Section
Date Wolfe Company

(a)
1 1. 1
2 2
3 2. 3
4 4
5 3. 5
6 4. 6
7 7
8 5. 8
9 6. 9
10 7. 10
11 8. 11
12 9. 12
13 10. 13
14 14
15 (b) 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 (c) 24
25 WOLFE COMPANY 25
26 Income Statement 26
27 For the Month Ended August 31, 2022 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
Name Exercise 3.8
Section
Date Foley & Co.

(a)
1 1. 1
2 2
3 2. 3
4 4
5 3. 5
6 4. 6
7 7
8 5. 8
9 6. 9
10 7. 10
11 8. 11
12 9. 12
13 10. 13
14 14
15 (b) 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 (c) 24
25 FOLEY & CO. 25
26 Income Statement 26
27 For the Month Ended August 31, 2022 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
Name Exercise 3.8 Concluded
Section
Date Foley & Co.

(c) (Continued)
FOLEY & CO.
Retained Earnings Statement
For The Month Ended August 31, 2022
1 1
2 2
3 3
4 4
5 5
6 6

FOLEY & CO.

Balance Sheet
August 31, 2022
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Stockholders' Equity 10
11 11
12 12
13 13
14 14
15 15
16 16
Name Exercise 3.9
Section
Date Rapid Delivery Service

RAPID DELIVERY SERVICE

Income Statement
For the Month Ended July 31, 2022
1 Revenues 1
2 2
3 Expenses 3
4 4
5 5
6 6
7 7
8 Net income 8
9 9

RAPID DELIVERY SERVICE

Retained Earnings Statement
For the Month Ended July 31, 2022
1 1
2 2
3 3
4 4
5 5
6 6
Name Exercise 3.9 Concluded
Section
Date Rapid Delivery Service

RAPID DELIVERY SERVICE

Balance Sheet
July 31, 2022
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Stockholders' Equity 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
Name Problem 3.1
Section
Date Saira Ortiz

1 (a)
2
3
4
5
6
7
8
9
10
11
12
13
14
15 (b)
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Problem 3.1

Saira Ortiz

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Name Problem 3.2
Section
Date Wonder Travel Agency Inc.

(a)
WONDER TRAVEL AGENCY INC.
Assets = Liabilities + Stockholders' Equity

Trans- Accounts Accounts Common Retained Earnings

action Cash + Receivable + Supplies + Equipment = Payable + Stock + Revenues - Expenses - Dividends Explanatiom
1 1. 1
2 2
3 2. 3
4 4
5 3. 5
6 6
7 4. 7
8 8
9 5. 9
10 10
11 6. 11
12 12
13 7. 13
14 14
15 8. 15
16 16
17 9. 17
18 18
19 10. 19
20 20
21 21
22 22
Name Problem 3.2 Concluded
Section
Date Wonder Travel Agency Inc.

(b)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
roblem 3.2 Concluded

der Travel Agency Inc.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Name Problem 3.3
Section
Date Curry Consulting Inc.

(a)
CURRY CONSULTING INC.
Assets = Liabilities + Stockholders' Equity
Accounts Notes Accounts Common Retained Earnings
Date Cash + Receivable + Supplies + Equipment = Payable + Payable + Stock + Revenues - Expenses - Dividends Explanation
1 May 1 1
2 2 2
3 3 3
4 5 4
5 9 5
6 12 6
7 15 7
8 17 8
9 20 9
10 23 10
11 26 11
12 29 12
13 30 13
14 14
Name Problem 3.3 Continued
Section
Date Curry Consulting Inc.

(b)
CURRY CONSULTING INC.
Income Statement
For the Month Ended May 31, 2022
1 Revenues 1
2 2
3 3
4 Expenses 4
5 5
6 6
7 7
8 8
9 9
10 10
11 Net income 11
12 12
13 13
14 14

(c)
CURRY CONSULTING INC.
Retained Earnings Statement
For the Month Ended May 31, 2022
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
Name Problem 3.3 Concluded
Section
Date Curry Consulting Inc.

(c)
CURRY CONSULTING INC.
Balance Sheet
May 31, 2022
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 Liabilities and Stockholders' Equity 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
Name Problem 3.4
Section
Date Bindy Crawford Inc.

(a)
BINDY CRAWFORD INC.
Assets = Liabilities + Stockholders' Equity
Accounts Notes Accounts Common
Date Cash + Receivable + Supplies + Equipment = Payable + Payable + Stock + Retained Earnings Explanation
1 7/31 $ 4,000 + $ 2,500 $ 500 $ 5,000 = + $ 4,200 + $ 6,200 + $1,600 1
2 Revenues - Expenses - Dividends 2
3 8/1 3
4 4
5 4 5
6 6
7 9 7
8 8
9 15 9
10 10
11 19 11
12 12
13 13
14 14
15 23 15
16 16
17 26 17
18 18
19 31 19
20 20
21 21
Name Problem 3.4 Continued
Section
Date Bindy Crawford Inc.

(b)
BINDY CRAWFORD INC.
Income Statement
For the Month Ended August 31, 2022
1 Revenues
2
3
4 Expenses
5
6
7
8
9
10
11 Net income
12

BINDY CRAWFORD INC.

Retained Earnings Statement
For the Month Ended August 31, 2022
1
2
3
4
5
6
Problem 3.4 Continued

Bindy Crawford Inc.

1
2
3
4
5
6
7
8
9
10
11
12

1
2
3
4
5
6
Name Problem 3.4 Concluded
Section
Date Bindy Crawford Inc.

(b) (Continued)
BINDY CRAWFORD INC.
Balance Sheet
August 31, 2022
1 Assets
2
3
4
5
6
7
8
9
10
11 Liabilities and Stockholders' Equity
12
13
14
15
16
17
18
19
20
21
22
23
24
.4 Concluded

Crawford Inc.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Name Problem 3.5
Section
Date Fredonia Repair Inc.

(a)
Fredonia Repair Inc.
Assets = Liabilities + Stockholders' Equity

Trans- Accounts Accounts Common Retained Earnings

actions Cash + Receivable + Supplies + Equipment = Payable + Stock + Revenues - Expenses - Dividends Explanation
1 1. 1
2 2
3 2. 3
4 4
5 3. 5
6 6
7 4. 7
8 8
9 5. 9
10 10
11 6. 11
12 12
13 7. 13
14 14
15 8. 15
16 16
17 9. 17
18 18
19 10 19
20 20
21 11. 21
22 22
23 23
Name Problem 3.5 Concluded
Section
Date Fredonia Repair Inc.

(b)

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
.5 Concluded

ia Repair Inc.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Name Problem 3.6
Section
Date La Brava Veterinary Clinic

(a)
La Brava Veterinary Clinic
Balance Sheet Income Statement

Trans- Accounts Notes Accounts Common

actions Cash + Receivable + Supplies + Equipment = Payable + Payable + Stock + Retained Earnings
1 Bal. $9,000 $1,700 $600 $6,000 $3,600 $13,000 $700 1
2 + Revenues - Expenses - Dividends 2
3 1. 3
4 4
5 2. 5
6 6
7 3. 7
8 8
9 4. 9
10 10
11 5. 11
12 12
13 13
14 14
15 6. 15
16 16
17 7. 17
18 18
19 8. 19
20 20
Name Problem 3.6 Continued
Section
Date La Brava Veterinary Clinic

(b)
La Brava Veterinary Clinic
Income Statement
For the Month Ended September 30, 2022
1 Revenues
2
3
4
5 Expenses
6
7
8
9
10
11
12
13
14 Net Income (Loss)
15
16
17
18
19
20

La Brava Veterinary Clinic

Retained Earnings Statement
For the Month Ended September 30, 2022
1
2
3
4
5
6
7
8
9
10
3.6 Continued

erinary Clinic

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

1
2
3
4
5
6
7
8
9
10
Name Problem 3.6 Concluded
Section
Date La Brava Veterinary Clinic

(b) (Continued)
La Brava Veterinary Clinic
Balance Sheet
September 30, 2022
1 Assets 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 Liabilities and Stockholders' Equity 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
Name Problem 3-7
Section
Date Tercek Deliveries

(a)
Tercek Deliveries
Balance Sheet Income Statement
Assets = Liabilities + Stockholders' Equity

Accounts Notes Accounts Common Retained Earnings

Date Cash + Receivable + Supplies + Equipment = Payable + Payable + Stock + Revenues - Expenses - Dividends
1 June 1 1
2 2 2
3 3 3
4 5 4
5 9 5
6 12 6
7 15 7
8 17 8
9 20 9
10 23 10
11 26 11
12 29 12
13 30 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
Name Problem 3.7 Continued
Section
Date Tercek Deliveries

(b)
Tercek Deliveries
Income Statement
For the Month Ended June 30, 2022
1 Revenues
2
3
4 Expenses
5
6
7
8
9
10
11
12 Net income
13
14

Tercek Deliveries
Retained Earnings Statement
For the Month Ended June 30, 2022
1
2
3
4
5
6
7
8
9
10
Problem 3.7 Continued

Tercek Deliveries

1
2
3
4
5
6
7
8
9
10
11
12
13
14

1
2
3
4
5
6
7
8
9
10
Name Problem 3.7 Concluded
Section
Date Tercek Deliveries

(c)
Tercek Deliveries
Balance Sheet
June 30, 2022
1 Assets
2
3
4
5
6
7
8
9
10 Liabilities and Stockholders' Equity
11
12
13
14
15
16
17
18
19
20
.7 Concluded

cek Deliveries

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Name CT3.1 Financial Reporting Problem
Section
Date Apple Inc.

(a) and (b)

Accounts Effect
1 (a) When 1
2 Acccounts Receivable is decreased 2
3 3
4 Accounts Payable is decreased 4
5 5
6 Inventories is increased 6
7 7
8 8
9 9
10 (b) When 10
11 Common Stock is increased 11
12 12
13 13
14 14
15 Property, Plant, & Equipment is increased 15
16 16
17 17
18 18
19 19
20 20
Name CT3.2 Comparative Analysis Problem
Section
Date Columbia Sportswear Company vs. Under Armour, Inc.

Other
Account How
Affected Affected
1
2 When:
3
4 Accounts Receivable is increased
5
6 Notes Payable is decreased
7
8 Equipment is increased
9
10 Prepaid Insurance is increased
11
12
13
14
15
16
17
18
lysis Problem

r Armour, Inc.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Name CT3.3 Interpreting Financial Statements
Section
Date Chieftain International, Inc.

1 (a)
2
3
4
5
6
7
8
9
10
11
12
13
14
15 (b)
16
17
18
19
20
21
22
23
24
25 (c)
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
l Statements

rnational, Inc.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
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17
18
19
20
21
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24
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31
32
33
34
35
36
37
38
39
40
Name CT3.4 Real-World Focus 1
Section
Date CPA Career Opportunities

1 (a)
2
3
4
5
6 (b)
7
8
9
10
11
12
13
14
15
16 (c)
17
18
19
20
21
22
23
24
25
26
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31
32
33
34
35
36
37
38
39
40
World Focus 1

Opportunities

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Name CT3.5 Real-World Focus 2
Section
Date Green Bay Packers

1 (a)
2
3
4
5
6
7
8 (b)
9
10
11
12
13
14
15
16
17
18 (c)
19
20
21
22 (d)
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
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39
40
.5 Real-World Focus 2

Green Bay Packers

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
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31
32
33
34
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36
37
38
39
40
Name CT3.6 Ethics Case
Section
Date Boeing

1 (a)
2
3
4
5
6 (b)
7
8
9
10
11 (c)
12
13
14
15
16
17 (d)
18
19
20
21 (e)
22
23
24
25
26 (f)
27
28
29
30
31
32
33
34
35
36
37
38
39
40
CT3.6 Ethics Case

Boeing

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
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24
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28
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30
31
32
33
34
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36
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39
40
Name CT3.7 All About You Activity
Section
Date Loan Application Questions

1 (a)
2
3
4
5
6
7
8
9
10 (b)
11
12
13
14
15
16
17
18
19
20
21 (c)
22
23
24
25
26
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36
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40
All About You Activity

Application Questions

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
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34
35
36
37
38
39
40