Adie, Miles, Auer Used Cars
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Gives a accounts receivable and the estimated amount not collected and asks what the accounts receivable would be valued at.
Gives a accounts receivable and the estimated amount not collected and asks what the accounts receivable would be valued at.
Given amounts for assets, liabilities, equity, dividends, revenues, and expenses… determine the amount reported for net income.
Your numbers will vary.
Given the cash received, salaries paid, and amount owed… calculate both the cash-basis net income and accrual-basis net income.
Your numbers will vary.
Given the beginning supplies, additional supplies purchased, and ending supplies … record the purchase and calculate the balances.
Your numbers will vary.
Given rent for one year, monthly rent, and prepaid rent at beginning of the year… record the payment of rent, record adjusting entries, and calculate year-end balances.
Your numbers will vary.
Given the price of one year of insurance, the monthly price, and the amount of prepaid insurance… record necessary entries along with calculating year-end balances.
Your numbers will vary.
Given information about the purchase of equipment with depreciation… record the purchase and depreciation. They also ask you to calculate adjusted balances.
Your numbers will vary.
Given information about a car rental… record the rental and adjust entries along with calculating ending balances.
Your numbers will vary.
Given the salaries that are paid along with salaries paid per day… record the adjusting entries along with calculating the year-end balance.
Your numbers will vary.
Given information about a note that was borrowed by the company… record adjusting entries along with determining adjusted balances.
Your numbers will vary.