A Prepaid Expense is What Kind of Expense:
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks what prepaid expenses are.
Asks what prepaid expenses are.
Given balance sheet accounts… calculate the missing amounts.
Your numbers will vary.
Analyze transactions and indicate an increase or decrease in the accounting equation for providing services to customers, receive cash from customers, purchase bike equipment by signing a note, and pay utilities.
Your numbers will vary.
Given transactions (truck, supplies, rent)… record each.
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Given a list of transactions… record each. (Music lessons, insurance, equipment, Note, etc.)
Your numbers will vary.
Given a cash T-Account… determine the balance in the cash account along with determining the transactions that would have resulted in different postings.
Your numbers will vary.
Given three transactions… analyze each using the accounting equation, record each transaction, and post each to T-accounts.
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Given a trial balance with incorrect inputs… use that information to prepare a properly formatted trial balance.
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The firm purchased inventory, paid salaries, sold merchandise, collected cash from customers, and paid suppliers. Create journal entries for each of the above transactions.
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Given a list of transactions and beginning balances they ask you to post each of the transactions to T-accounts.
Your numbers will vary.