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 adjusted balances from the trial balance… record necessary closing entries.
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Given account balances at the year-end… prepare a post-closing trial balance.
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Given the total cash sales, check sales, credit card sales, and debit card sales… calculate the amount recorded as cash receipts from these transactions.
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Given three transactions… record each of them. (Salary, computer, maintenance)
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Given the bank balance, deposits outstanding, and checks outstanding… calculate the reconciled bank balance.
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Given the company’s cash balance and multiple transactions… calculate the reconciled company balance for cash.
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Given the company balance along with multiple transactions… record necessary entries.
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Given the company and bank cash balance along with additional information… calculate the balance of cash at the end of the month.
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