Exercise 02.11 – Bloomer Construction
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Record each transaction (stock, loan, equipment, advertising, revenue, salary).
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Your numbers will vary.
Record each transaction (stock, loan, equipment, advertising, revenue, salary).
Your numbers will vary.
Assess whether the record transaction is correct or not.
Your numbers will vary.
Determine whether the each transaction is recorded correctly and if not, make the corrections.
Your numbers will vary.
Given a list of transactions… post the transactions to a T-account along with calculating the ending balance.
Your numbers will vary.
Given a list of journal entries along with beginning balances… post each to a T-account.
Your numbers will vary.
Given a list of transactions… record each transaction, post each transaction to a T-account, and lastly use the T-account balances to create a trial balance.
Your numbers will vary.
Given the issue price, the bond percent, the years, and the bond price… record the interest payments, calculate the carrying value, determine the interest expense, and calculate the interest paid.
Your numbers will vary.
Given the retained earnings in two consecutive years along with net income… determine the amount of dividends declared.
Your numbers will vary.
Given information about the purchase, life, and depreciation of a building… record the depreciation on the building for two different years.
Your numbers will vary.
Given the cost of a truck, the years on the note, and the percent of the note… determine the accrued interest, the final payment, and the interest expense.
Your numbers will vary.