A Company Purchased Supplies during the Year…
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Which of the following amounts was the Supplies account beginning balance?
Which of the following amounts was the Supplies account beginning balance?
Record each of 11 transactions in July for Great Adventures.(stock, prepaid insurance, prepaid insurance, legal fees, supplies, advertising, inventory, revenue)
NOTE: FOR THE FULL ENTIRE CYCLE PROJECT, CLICK HERE. THIS IS NOT THE FULL BIG END OF THE CHAPTER 4 CYCLE PROJECT!
Your numbers will vary.
Given balance sheet accounts… calculate the missing amounts.
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Analyze transactions and indicate an increase or decrease in the accounting equation for providing services to customers, receive cash from customers, purchase bike equipment by signing a note, and pay utilities.
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Given transactions (truck, supplies, rent)… record each.
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Given a list of transactions… record each. (Music lessons, insurance, equipment, Note, etc.)
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Given a cash T-Account… determine the balance in the cash account along with determining the transactions that would have resulted in different postings.
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Given three transactions… analyze each using the accounting equation, record each transaction, and post each to T-accounts.
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Given a trial balance with incorrect inputs… use that information to prepare a properly formatted trial balance.
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Given information about account balances… prepare a trial balance.
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