BE 03.16 – Beavers Corporation
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given account balances for the year… prepare an adjusted trial balance.
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Your numbers will vary.
Given account balances for the year… prepare an adjusted trial balance.
Your numbers will vary.
Given a list of account balances they ask you to prepare a classified balance sheet along with calculating retained earnings.
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Given account balances at the year-end… prepare a post-closing trial balance.
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Given common stock, retained earnings, dividends, service revenue, salaries, and rent … complete the statement of stockholders’ equity.
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Prepare journal entries, adjusting entries, adjusted trial balance, income statement, balance sheet, statement of stockholders equity, balance sheet, closing entries, post-close trial balance.
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For each situation, determine the date for which the company recognizes the revenue under accrual-basis accounting.
For each situation, determine the date for which the company recognizes the expense under accrual-basis accounting.
For each situation, determine the date for which the company recognizes revenue using cash basis accounting.
For each situation, determine the date for which the company recognizes the expense using cash-basis accounting.
Given information regarding items that need further consideration for financial statements… determine the adjusted amount of net income at year-end.
Your numbers will vary.