BE 8.01 – Amount of ending inventory
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Find the amount of ending inventory.
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Find the amount of ending inventory.
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Given inventory, purchase of merchandise, cost of merchandise, and selling price of merchandise they ask you to prepare journal entries for the transactions.
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They give you information about the shipping of goods and ask you to determine what should be included in the year-end inventory.
Prepare the necessary journal entries assuming they use the net method.
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Given units purchased and cost of each along with discount terms they ask you to prepare journal entries for the purchase and the payment.
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Check figures (only) for the Chapter 8 quiz.
Given the amount a bond is sold for, the percent, and the bond price… determine the amount that the cash account would be increased by.
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Given the face value and the quoted price… determine the selling price.
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Given the bond amount, percent, years, and price… determine the journal entry that would be recorded.
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Given monthly sales and warranty cost percentage… determine what entry would be recorded.
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