Adie, Miles, Auer Used Cars
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Gives a accounts receivable and the estimated amount not collected and asks what the accounts receivable would be valued at.
Gives a accounts receivable and the estimated amount not collected and asks what the accounts receivable would be valued at.
Gives Sales, variable selling expenses, cost of goods sold, fixed admin and selling, var admin. Asks for the contribution margin.
Your numbers will vary.
Given five scenarios… classify as an asset, liability, equity, revenue, or expense.
Given balance sheet accounts… calculate the missing amounts.
Your numbers will vary.
Given transactions (truck, supplies, rent)… record each.
Your numbers will vary.
Given a list of transactions… record each. (Music lessons, insurance, equipment, Note, etc.)
Your numbers will vary.
Given a trial balance with incorrect inputs… use that information to prepare a properly formatted trial balance.
Your numbers will vary.
Given amounts for assets, liabilities, equity, dividends, revenues, and expenses… determine the amount reported for net income.
Your numbers will vary.
Given the cash received, salaries paid, and amount owed… calculate both the cash-basis net income and accrual-basis net income.
Your numbers will vary.
Given the beginning supplies, additional supplies purchased, and ending supplies … record the purchase and calculate the balances.
Your numbers will vary.