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Chapter 3 Answers Cengage accounting chapter 3 answers. 1. Prob. 3-1B 1. a. Accounts Receivable 19,750 Fees Earned 19,750 Accrued fees earned. b. Supplies Expense 8,150 3-2 © 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Found 5569 results for: Cengage Accounting Chapter 3 Test Answers [DOWNLOAD] Cengage Accounting Chapter 3 Test Answers. Answers _____ 1. This is the labor charged to the product by a debit to the work-in-process account. _____ 2. This consists of all other types of labor used in the manufacturing process and is charged to the factory overhead account.
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Chapter 3 Answers 2. Prob. 3–2B 1. a. Supplies Expense 2,620 Supplies 2,620 Supplies used ($3,170 – $550). b. Depreciation Expense 1,675 Accumulated Depreciation—Equipment 1,675 Depreciation for year. c. Rent Expense 8,500 Prepaid Rent 8,500 Rent expired. d. Wages Expense 2,000 Wages Payable 2,000 Accrued wages. e.
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3-5 Questions Chapter 3 (Continued) *13. In the adjusting entry for an unearned revenue, a liability is debited and a revenue is credited. *14. Asset and revenue. An asset would be debited and a revenue would be credited. *15. An expense is debited and a liability is credited. *16.
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