E 2.11 – Mazzanti Wholesale Food Company
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Asks to make year-end adjusting entries (life insurance, loan, rent, depreciation, salaries)
Asks to make year-end adjusting entries (life insurance, loan, rent, depreciation, salaries)
Asks you to prepare closing entries.
Find the cost of supplies, adjusting entry for insurance, accrued salaries, and rent revenue.
Asks to record each transaction in the general journal and any adjusting entries at the year-end. (Note, insurance, supplies, notes receivable)
They give you a bank loan, cash paid and collected and ask you to make an accrual basis income statement
They give you collections, expenses, and increases and decreases in various accounts and ask you to fill out a grid and for accrual basis net income.
Asks how to state accounting equation
Asks where to classify issuing common stock on a cash flow statement.
Asks how to record incurring an expense.
Asks what is the general ledger accounts and the balances