WGU C213 PRE ASSESSMENT FINAL
SCRIPT 2026 QUESTIONS WITH ANSWERS
GRADED A+
◉In January of year 1, a company began doing business as a
corporation in order to sell technology-related accessories and
services. During its first month of operations, the following events
occurred:
January 1
The corporation received $1,000,000 in cash in exchange for stock
issued to stockholders.
January 3
The corporation borrowed $250,000 from bank. The loan is a four-
year loan with an interest rate of 12 percent, payable each year on
January 1 beginning in year 2.
January 5
The corporation purchased equipment to be used in the business for
$200,000 cash.
January 8
,The corporation purchased inventory costing $200,000 by paying
$120,000 in cash. The remainder was put on credit accounts with
suppliers.
January 15
The corporation hired five employees. Each employee will be paid
$1,000 at the end of each month.
January 30
The corporation paid $6,000 cash for a one-year insurance policy.
The policy pe Answer: Equipment will increase $200,000, and cash
will decrease $200,000.
◉In January of year 1, a company began doing business as a
corporation in order to sell technology-related accessories and
services. During its first month of operations, the following events
occurred:
January 1
The corporation received $1,000,000 in cash in exchange for stock
issued to stockholders.
January 3
The corporation borrowed $250,000 from a bank. The loan is a four-
year loan with an interest rate of 12 percent, payable each year on
January 1 beginning in year 2.
, January 5
The corporation purchased equipment to be used in the business for
$200,000 cash.
January 8
The corporation purchased inventory costing $200,000 by paying
$120,000 in cash. The remainder was put on credit accounts with
suppliers.
January 15
The corporation hired five employees. Each employee will be paid
$1,000 at the end of each month.
January 31
The corporation paid $6,000 cash for a one-year insurance policy.
The policy p Answer: Prepaid insurance will increase $6,000, and
cash will decrease $6,000.
◉Which two values affect the measurement of net income?
Choose 2 answers Answer: Ordinary gains and losses . Operating
expenses
SCRIPT 2026 QUESTIONS WITH ANSWERS
GRADED A+
◉In January of year 1, a company began doing business as a
corporation in order to sell technology-related accessories and
services. During its first month of operations, the following events
occurred:
January 1
The corporation received $1,000,000 in cash in exchange for stock
issued to stockholders.
January 3
The corporation borrowed $250,000 from bank. The loan is a four-
year loan with an interest rate of 12 percent, payable each year on
January 1 beginning in year 2.
January 5
The corporation purchased equipment to be used in the business for
$200,000 cash.
January 8
,The corporation purchased inventory costing $200,000 by paying
$120,000 in cash. The remainder was put on credit accounts with
suppliers.
January 15
The corporation hired five employees. Each employee will be paid
$1,000 at the end of each month.
January 30
The corporation paid $6,000 cash for a one-year insurance policy.
The policy pe Answer: Equipment will increase $200,000, and cash
will decrease $200,000.
◉In January of year 1, a company began doing business as a
corporation in order to sell technology-related accessories and
services. During its first month of operations, the following events
occurred:
January 1
The corporation received $1,000,000 in cash in exchange for stock
issued to stockholders.
January 3
The corporation borrowed $250,000 from a bank. The loan is a four-
year loan with an interest rate of 12 percent, payable each year on
January 1 beginning in year 2.
, January 5
The corporation purchased equipment to be used in the business for
$200,000 cash.
January 8
The corporation purchased inventory costing $200,000 by paying
$120,000 in cash. The remainder was put on credit accounts with
suppliers.
January 15
The corporation hired five employees. Each employee will be paid
$1,000 at the end of each month.
January 31
The corporation paid $6,000 cash for a one-year insurance policy.
The policy p Answer: Prepaid insurance will increase $6,000, and
cash will decrease $6,000.
◉Which two values affect the measurement of net income?
Choose 2 answers Answer: Ordinary gains and losses . Operating
expenses
