BE 04.06 – Record The Transactions
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given three transactions… record each of them. (Salary, computer, maintenance)
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Your numbers will vary.
Given three transactions… record each of them. (Salary, computer, maintenance)
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Given the amount of a petty cash fund along with other expenditures… record credit card and petty cash expenditures.
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Given the issued stock, loan obtained, services provided, employee salaries, and cash dividends… determine the financing cash flows reported.
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Given cash, total assets, and total liabilities for two companies… calculate the ratio of cash to noncash assets.
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Prepare bank reconciliation to calculate the correct ending balance of cash and record entry.
Your numbers will vary.
Prepare bank reconciliation to calculate the correct ending balance of cash and record entries.
Your numbers will vary.
Determine the amount of cash flows, net cash flows, calculate the balance of cash.
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Service revenue for the year is given. Salaries Expense for the year is given, etc. Calculate operating cash flows, net income, and explain.
Your numbers will vary.