Given cash investment, office furniture, rent, supplies purchased, salaries, accounts payable, legal service, and dividends paid — create the T-accounts to help determine the ending balance.
Your numbers will vary.
Given the self-storage information – find the capitalized cost of land, land improvements, and building.
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Given the information — create journal entry’s for the nine transactions.
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Given the marine company’s summarized data — prepare the trial balance, list accounts in order, and find the net income (loss).
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Given trial balance, compute for the total assets, total liabilities, and net income or net loss of the company
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Fill in the chart to show impacts on accounting equation from the different transactions
Given the information on the opened medical practice — create a T-account for cash.
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Given the transactions for the architect company — prepare the journal entries.
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Given the amount borrowed and interest rate on note — prepare a journal for lending money, accrual of interest, and the collection of principle and interest.
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Given balance, accounts receivable, and a credit balance — calculate the amount of uncollectible account expense using the percent-of-sales and aging-of-receivables method.
Your numbers will vary.