Exercise 02.09 – Yellow Jacket Corporation
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Provide an explanation for each transaction.
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Your numbers will vary.
Provide an explanation for each transaction.
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Record transactions for advertising, supplies, salaries, revenue, utility.
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Record each transaction (stock, loan, equipment, advertising, revenue, salary).
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Record each transaction (stock, loan, equipment, advertising, revenue, salary).
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Assess whether the record transaction is correct or not.
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Determine whether the each transaction is recorded correctly and if not, make the corrections.
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Given a list of transactions… post the transactions to a T-account along with calculating the ending balance.
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Given a list of journal entries along with beginning balances… post each to a T-account.
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Given a list of transactions… record each transaction, post each transaction to a T-account, and lastly use the T-account balances to create a trial balance.
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Compute the plantwide predetermined overhead yearly rate.
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