BE 04.11 – Bourne Incorporated
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given the company balance along with multiple transactions… record necessary entries.
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Given the company balance along with multiple transactions… record necessary entries.
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Given the company and bank cash balance along with additional information… calculate the balance of cash at the end of the month.
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Given the amount of a petty cash fund along with other expenditures… record credit card and petty cash expenditures.
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Given the amount received for horseback lessons… determine the operating cash flows that are reported as received.
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Given the purchase of chairs and tables along with the purchase of supplies… determine the total investing cash flows.
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Given the issued stock, loan obtained, services provided, employee salaries, and cash dividends… determine the financing cash flows reported.
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Given cash, total assets, and total liabilities for two companies… calculate the ratio of cash to noncash assets.
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Given a percent discount along with purchased advertising… record both transactions.
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Given total sales, discounts, returns, and allowances… calculate the net sales.
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Given the accounts receivable balance and accounts receivable that will not be collected… record the allowance of uncollectible accounts.
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