P 3.06 – Vosburgh Electronics
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
They give you a long list of accounts as well as additional info and ask you to make a balance sheet.
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Your numbers will vary.
They give you a long list of accounts as well as additional info and ask you to make a balance sheet.
Your numbers will vary.
A partial balance sheet and additional information are provided and they ask you to create a new balance sheet.
Your numbers will vary.
They give you cash receipts and cash disbursements, as well as a bank loan, equipment, inventory rent, net income, etc., and ask for the balance sheet.
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Indicate which measure of net income or net loss is preferable.
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Journalize the end of the current accounting period for each situation.
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Given the company’s unadjusted and adjusted trial balance – do the adjusting entries and figure out the total assets, liabilities, net income, and equity.
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Given the condensed and adapted balance sheet – calculate the current and debt ratio before the transactions, the current and debt ratio for each transaction. and whether the statements are given will increase or decrease the ratios.
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(11 Part) Given account balances along with transactions for the year… set up T-accounts, record the transactions, prepare an unadjusted trial balance, record adjusting entries, post adjustments, prepare an adjusted trial balance, prepare an income statement, prepare a balance sheet, record closing entries, post closings, and lastly prepare a post-closing trial balance.
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Given data at year-end along with beginning and ending account balances… prepare an income statement, cost of goods sold schedule, and cost of goods manufactured schedule.
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For each transaction, determine revenue and expense under accrual-basis and cash-basis in a grid.
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