Problem 12.06A – Virtual Gaming Systems
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given an income statement and balance sheet… compare risk and profitability ratios for two years.
Given an income statement and balance sheet… compare risk and profitability ratios for two years.
Given an income statement and balance sheet… complete a chart of risk and profitability ratios for two years.
Given a list of account balances… prepare a trial balance while also determining the balance of the equipment account.
Given a list of account balances… prepare a trial balance while also determining the balance of the equipment account.
Given account balances… prepare a trial balance while also calculating the service revenue account balance.
For each transaction, determine revenue and expense under accrual-basis and cash-basis in a grid.
Given the cash that was paid for different expenses and balances at year beginning and year-end… prepare an accrual-basis income statement.
Given cash collected from customers and cash paid along with accounts receivable, prepaid insurance, supplies, and salaries payable… prepare an accrual-basis income statement.
Given information needed to make adjusting entries… prepare journal entries for year-end.
Given the information that occurred throughout the year… prepare the year-end adjusting journal entries.