Exercise 01.18 – Matching
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Match the answer to each concept.
Match the answer to each concept.
Match each concept with its description
Determine which qualitative characteristic best applies to each situation.
Complete cost of goods manufactured, cost of goods sold, income statement, current assets, prime and conversion costs.
Your numbers will vary.
Prepare Contribution Margin Income Statement
Your numbers will vary.
Given amounts debited in accounts along with the amount credited… determine if the trial balance would be out of balance.
Your numbers will vary.
Given beginning and ending stockholders’ equity, beginning assets, and increase in liabilities… determine the balance of the ending asset.
Your numbers will vary.
Given credit sales, estimated uncollectible accounts, allowance account beginning balance, and bad debts… calculate the ending balance in the allowance account.
Your numbers will vary.
Given the work days owed, a number of days in a work week, and the weekly salary… determine what would be included in an adjusting entry for accrued wages.
Your numbers will vary.
Given the beginning and ending accounts receivable balance, credit sales, and bad debts… determine the amount of cash that was collected.
Your numbers will vary.