BE 04.06 – Record The Transactions
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given three transactions… record each of them. (Salary, computer, maintenance)
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Given three transactions… record each of them. (Salary, computer, maintenance)
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Given the bank balance, deposits outstanding, and checks outstanding… calculate the reconciled bank balance.
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Given the company’s cash balance and multiple transactions… calculate the reconciled company balance for cash.
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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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