S2-12 – Journalize
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given the information — create journal entry’s for the nine transactions.
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Given the information — create journal entry’s for the nine transactions.
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Given the marine company’s summarized data — prepare the trial balance, list accounts in order, and find the net income (loss).
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Given trial balance, compute for the total assets, total liabilities, and net income or net loss of the company
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Fill in the chart to show impacts on accounting equation from the different transactions
Given the transactions for the architect company — prepare the journal entries.
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Create journal entries for the purchase of equipment and annual depreciation, show the posted account balances, and the equipment’s book value.
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Given the merchandise sold and the cost of sales… prepare the journal entries and which company owns the merchandise at the end of the given dates.
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Given the accounting tasks for the law firm… create t-accounts and figure out the ending balances.
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Given the information on the company’s first year of operations — prepare the journal entry using the percent of sales method, as well as what it should report on the balance sheet.
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Given balance, accounts receivable, and a credit balance — calculate the amount of uncollectible account expense using the percent-of-sales and aging-of-receivables method.
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