BE 03.12 – Midshipmen Company
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given information about a note that was borrowed by the company… record adjusting entries along with determining adjusted balances.
Given information about a note that was borrowed by the company… record adjusting entries along with determining adjusted balances.
Given information about a note that was lent out… prepare to adjust entries along with determining adjusted balances for interest.
Given account balances for the year… prepare an adjusted trial balance.
Given a list of account balances they ask you to prepare a classified balance sheet along with calculating retained earnings.
Given adjusted balances from the trial balance… record necessary closing entries.
Given account balances at the year-end… prepare a post-closing trial balance.
Given the total cash sales, check sales, credit card sales, and debit card sales… calculate the amount recorded as cash receipts from these transactions.
Given three transactions… record each of them. (Salary, computer, maintenance)
Given the bank balance, deposits outstanding, and checks outstanding… calculate the reconciled bank balance.
Given the company’s cash balance and multiple transactions… calculate the reconciled company balance for cash.