P8-44A & 48B – Experienced Events (Marine)
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given the experienced events – find the account and amount that is a current liability.
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Given the experienced events – find the account and amount that is a current liability.
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Given the information on the music company for two years – prepare the journal entries.
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Given the adjusted trial balance amounts – prepare the current liability section.
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Given details on a note that was issued… prepare journal entries for both the company that issued the note and the company that is borrowing the money.
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Given withholdings, fringe benefits, and taxes… prepare journal entries for salaries, benefits, and payroll taxes.
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Given the seating capacity, home games, and ticket sales… determine the price of a season ticket, individual game ticket, and lastly ask you to record revenue recognized after a home game.
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Given information regarding the selling of gift cards… record the sale along with determining the deferred revenue balance.
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Given three different contingencies… record any results if necessary.
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Given three different situations… determine the amount that should be reported along with recording necessary entries.
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Given the current assets and current liabilities of the two companies… calculate the current ratio and acid-test ratio along with determining who has the better ratios.
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