INTERNATIONAL ACCOUNTING 1 (201107)
ASSIGNMENT 1
CHAPTER 1 – CHAPTER 2 – CHAPTER 3 – CHAPTER 4
Date: Monday, 25/10/2021- Duration: 60 minutes (19h-20h)
1. Student write your answers in the paper and then take picture of this paper and upload in eLearning.
2. Student use CAMSCANNER to scan the whole answer paper and save in 1 PDF file formulary named:
FULL NAME_ASSIGNMENT 1
3. Student MUST submit in E-learning as the required time. The E-learning will close exactly the setting
time.
4. You CANNOT submit after the deadline. There is no exception for the late submit.
Question 1:
In June 2018, the following transactions of Ward Technology have been posted to the accounts
as:
(1) 75,000
(3) $2,600
(7) $500
(8) $1,200
Cash
(4) $400
Supplies
(2) $500
(6) $1,000
Accounts payable
(4) $400
(2) $500
Ward, Capital
(1) $75,000
Service Revenue
(3) $2,600
(5) $2,500
(8) $2,400
Accounts Receivable
(5) $2,500
(7) $500
(8) $1,200
Ward, Drawings
(6) $1,000
Requirement:
Describe eight business transactions. (e.g the business purchase inventory on credit at $xxx)
Question 2:
THE END