BE 03.16 – Beavers Corporation
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given account balances for the year… prepare an adjusted trial balance.
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Given account balances for the year… prepare an adjusted trial balance.
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Given a list of account balances they ask you to prepare a classified balance sheet along with calculating retained earnings.
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Given account balances at the year-end… prepare a post-closing trial balance.
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Given three transactions… record each of them. (Salary, computer, maintenance)
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Given the amount of a petty cash fund along with other expenditures… record credit card and petty cash expenditures.
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Given the issued stock, loan obtained, services provided, employee salaries, and cash dividends… determine the financing cash flows reported.
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Given cash, total assets, and total liabilities for two companies… calculate the ratio of cash to noncash assets.
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Given a percent discount along with purchased advertising… record both transactions.
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Given total sales, discounts, returns, and allowances… calculate the net sales.
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Given total sales, discounts, returns, and allowances… calculate the net sales.
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