E 12.13 – Union Corporation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the number of bonds purchased, the value, and market value… prepare the adjusting journal entries.
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Given the number of bonds purchased, the value, and market value… prepare the adjusting journal entries.
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Given the trading securities, securities available for sale, and securities to be held to maturity… figure out the report on balance and the unrealized gain or loss.
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Given the percentage of shares, net income, fair value, and cash dividends… prepare the journal entries.
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Given the shares purchased, the cost of the shares, net income, and the fair value… prepare the journal entries.
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Given the salaries per week, the amount of vacation weeks not taken in one year, and the percent the salaries raised along with the total salaries paid in the following year… prepare two separate journal entries.
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Given the deposits that are collected, the deposits represented by containers, the refunded amount, and the forfeited deposits… prepare a journal entry along with determining the liability.
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Given the gift cards sold and redeemed in January, February, and March along with the amount not redeemable… prepare a journal entry and determine the amount of revenue recognized.
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Determine if this situation represents a loss contingency and what amount should Cupola report as a liability, prepare journal entries that summarize sales of the awnings.
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Determine if this situation describes a loss contingency, what is the bad debt expense, what is the net accounts receivable, and prepare journal entries.
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Given the amount that they purchased equipment for, the book value and tax basis for two years, and the pretax accounting income… prepare a journal entry for the taxes along with calculating the net income.
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