P8-45A & 49B – Journal Entries (Music)
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given the information on the music company for two years – prepare the journal entries.
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Given the information on the music company for two years – prepare the journal entries.
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Given the adjusted trial balance amounts – prepare the current liability section.
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Given details on a note that was issued… prepare journal entries for both the company that issued the note and the company that is borrowing the money.
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Given withholdings, fringe benefits, and taxes… prepare journal entries for salaries, benefits, and payroll taxes.
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Given information regarding payroll and the taxes paid… record the salaries, withholdings, benefits, and taxes.
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Given the current assets and current liabilities of the two companies… calculate the current ratio and acid-test ratio along with determining who has the better ratios.
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