Exercise 02.15 – T-Accounts w/ Journal Entries
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition
Given a list of journal entries along with beginning balances… post each to a T-account.
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Given a list of journal entries along with beginning balances… post each to a T-account.
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Given a list of accounts and balances… prepare a trial balance.
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Given a list of accounts and related balances… prepare a trial balance.
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Given a list of transactions… record each transaction, post each transaction to a T-account, and lastly use the T-account balances to create a trial balance.
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Given a list of transactions… record each along with determining the impact on the accounting equation.
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Given a list of account balances… prepare a trial balance while also determining the balance of the equipment account.
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Determine the percentage of Mydeco’s revenues growing each year and the percentage of the net income that grew.
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Given a trail balance at the beginning of the month… prepare journal entries for transactions throughout the month along with posting them to T-accounts and preparing an ending trial balance.
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Given a trial balance and list of transactions… record each, post each to a T-account, determine the balance of each account, and lastly prepare a trial balance.
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Determine the impact the additional equipment purchase would have on Mydeco’s net income for various years.
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