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ACC 290 WileyPLUS Assignment: Week 1 Assignment
Resource: WileyPLUS
Click Assignment: Week 1 Assignment within WileyPLUS to complete the following exercises:
• DO IT! Review 1-3
• Exercise 1-3
• Exercise 1-4
• Exercise 2-4
• IFRS 2-4
Do It! Review 1-3
Marsh Corporation began operations on January 1, 2014. The following information is available for
Marsh Corporation on December 31, 2014.
Accounts payable
$ 8,180
Notes payable
$ 13,360
Accounts receivable
5,180
Rent expense
13,180
Advertising expense
4,190
Retained earnings
?
Cash
6,280
Service revenue
31,360
Common stock
18,180
Supplies
5,080
Dividends
5,680
Supplies expense
1,510
Equipment
29,980
Exercise 1-3
The Clear View Golf & Country Club details the following accounts in its financial statements.
(a) Classify each of the following accounts as an asset, liability, stockholders’ equity, revenue, or
