Appendix C Exercise C.06 – GMG Studios
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Asks you to find the accumulated investment by the end of year 3 for Options 1, 2, and 3.
Asks you to find the accumulated investment by the end of year 3 for Options 1, 2, and 3.
Given a cash T-Account… determine the balance in the cash account along with determining the transactions that would have resulted in different postings.
Given three transactions… analyze each using the accounting equation, record each transaction, and post each to T-accounts.
Given account balances for the year… prepare an adjusted trial balance.
Given account balances at the year-end… prepare a post-closing trial balance.
Given three transactions… record each of them. (Salary, computer, maintenance)
Given the amount of a petty cash fund along with other expenditures… record credit card and petty cash expenditures.
Given the issued stock, loan obtained, services provided, employee salaries, and cash dividends… determine the financing cash flows reported.
Given cash, total assets, and total liabilities for two companies… calculate the ratio of cash to noncash assets.
Given a percent discount along with purchased advertising… record both transactions.