S2-14 – Computing Amounts
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given trial balance, compute for the total assets, total liabilities, and net income or net loss of the company
Calculator Preview
Your numbers will vary.
Given trial balance, compute for the total assets, total liabilities, and net income or net loss of the company
Your numbers will vary.
Fill in the chart to show impacts on accounting equation from the different transactions
Given the information on the opened medical practice — create a T-account for cash.
Your numbers will vary.
Given the transactions for the architect company — prepare the journal entries.
Your numbers will vary.
Asks what closing process involves
Asks for the insurance expense that would appear on the income statement.
A normal costing system applies overhead to the jobs how?
Asks for an adjusting entry that would decreases assets.
Asks which would increase liabilities
Asks which of a list is an accrued liability.