BE 2.11 – Prepare a Trial Balance
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given information about account balances… prepare a trial balance.
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Given information about account balances… prepare a trial balance.
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Determine whether over or underapplied overhead. Prepare the journal entry to close.
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What is the total estimated cost for this job?
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Prepare a schedule of cost of goods manufactured, gross profit, and inventory balances on Balance Sheet.
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Determine total of each production cost incurred for April (direct labor, direct materials, and applied overhead). Fill in a large grid.
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Prepare 13 journal entries for the month concerning materials, direct labor, overhead, WIP, FG, and Sales.
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Prepare journal entries, adjusting entries, adjusted trial balance, income statement, balance sheet, statement of stockholders equity, balance sheet, closing entries, post-close trial balance.
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Given a list of transactions on the medical practice… post the entries in the ledger using the t-accounts, prepare a trial balance, and calculate the total assets, liabilities, and stockholders’ equity.
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Given a list of activities… indicate the impact on the accounting equation.
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Given the labor hours, machines hours, variable overhead costs, and fixed costs… calculate the predetermined overhead rate, the total overhead, the total cost, and lastly the unit production cost.
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