ACCT 2310
Review Guide for Exam 4
Chapters 11 (partial), 12 and 13
Format: Multiple Choice worth 80 points and one problem worth 20 points selected
from these options:
1. Amortization table and journal entries for a note payable or mortgage note
payable with equal total payments. (see page 621 and handout)
2. Amortization table and journal entries for a note payable or mortgage note
payable with equal principal payments plus accrued interest. (the total
amount paid each year decreases). (see page 622 and handout)
3. Journal entries to record a cash dividend at declaration date, record date (none
needed) and payment date.
Chapter 11
1. How to accrue interest on a short term note payable
2. How to calculate and record sales tax payable
3. How to record employee bonuses
4. How to calculate and recording warranty liability
5. Treatment of contingent liabilities based on likelihood
a. Remote
b. Reasonable possible
