E 9.14 – Campbell Corporation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Determine the inventory by applying the conventional retail method.
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Determine the inventory by applying the conventional retail method.
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Given the financial statements for the business just started – create the corrected income statement, statement of retained earnings, and balance sheets.
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Given the prepaid insurance along with a list of transactions regarding payroll, interest revenue, supplies, unearned revenue, and depreciation… prepare adjusting entries.
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Given a trial balance… compute the total assets, total liabilities, and net income or net loss.
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Prepare a statement of stockholders’ equity and a balance sheet.
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Given cash, supplies, prepaid rent, land, accts payable, utilities payable, salaries payable, notes payable, prepare a statement of stockholders’ equity and a balance sheet.
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Given the investment made, the amount paid for the land, medical supplies, expenses, sold supplies, note payable, and amount paid on account… find the effects on accounting equations.
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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.
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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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Prepare an income statement, Prepare a statement of stockholders’ equity and prepare a classified balance sheet
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