Adie, Miles, Auer Used Cars
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Gives a accounts receivable and the estimated amount not collected and asks what the accounts receivable would be valued at.
Gives a accounts receivable and the estimated amount not collected and asks what the accounts receivable would be valued at.
Given changes in account balances as either debits or credits, including assets, common stock, liabilities, and paid-in capital, determine net income for the year.
Your numbers will vary.
Record each of 11 transactions in July for Great Adventures.(stock, prepaid insurance, prepaid insurance, legal fees, supplies, advertising, inventory, revenue)
NOTE: FOR THE FULL ENTIRE CYCLE PROJECT, CLICK HERE. THIS IS NOT THE FULL BIG END OF THE CHAPTER 4 CYCLE PROJECT!
Your numbers will vary.
Record TEAM adventure transactions and prepare the adjusting entry for uncollectable accounts.
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Calculate sales revenue, cost of goods sold, ending inventory. Prepare the gross profit section of a partial income statement, and record any necessary adjustment on December 31st.
Your numbers will vary.
Record the expenditures related to the vehicle, prepare a depreciation schedule (straight-line method), record the expenditures related to the vehicle maintenance, and record the depreciation expense and any other adjustments.
Your numbers will vary.
Gives Sales, variable selling expenses, cost of goods sold, fixed admin and selling, var admin. Asks for the contribution margin.
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Given adjusted balances from the trial balance… record necessary closing entries.
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Given the acquired cost, the fair value for two years, and the amortized value for two years… find the investment amount for the balance sheet and the adjustment entry.
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Given the number of boxes sold, price per box, days to return, and the percent of sales returned… determine the amount of performance obligations and January revenue.
Your numbers will vary.