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.
Given the information — create journal entry’s for the nine transactions.
Given the marine company’s summarized data — prepare the trial balance, list accounts in order, and find the net income (loss).
Given trial balance, compute for the total assets, total liabilities, and net income or net loss of the company
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.
Given the transactions for the architect company — prepare the journal entries.
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.
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.
Given the information on the loan the state bank lent out to the company — compute the interest for the three years, which party has the given list of things including expenses and revenues, and the amount paid if the note is paid off.