BE 2.11 – Prepare a Trial Balance
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given information about account balances… prepare a trial balance.
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Your numbers will vary.
Given information about account balances… prepare a trial balance.
Your numbers will vary.
Prepare journal entries, adjusting entries, adjusted trial balance, income statement, balance sheet, statement of stockholders equity, balance sheet, closing entries, post-close trial balance.
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Given a list of transactions… record each along with determining the impact on the accounting equation.
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Given a list of account balances… prepare a trial balance while also determining the balance of the equipment account.
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Determine the percentage of Mydeco’s revenues growing each year and the percentage of the net income that grew.
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Given a trail balance at the beginning of the month… prepare journal entries for transactions throughout the month along with posting them to T-accounts and preparing an ending trial balance.
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Given a trial balance and list of transactions… record each, post each to a T-account, determine the balance of each account, and lastly prepare a trial balance.
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Determine the impact the additional equipment purchase would have on Mydeco’s net income for various years.
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Calculate Mydeco’s EPS for each year assuming expenses were the same fraction of revenues each year.
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Given the amount received by the firm, the inventory, amount paid in cash upfront, remaining balance, and tax rate… determine the consequences on revenues, earnings, receivables, inventory, and cash.
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