Exercise – Green Foods, Inc./Birch Foods, Inc.
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Given the gross percent along with a table of service revenue and write-offs… make journal entries regarding the information.
Given the gross percent along with a table of service revenue and write-offs… make journal entries regarding the information.
Given the beginning unearned revenue balance, the ending balance, and the credited amount… determine how much revenue was earned during the year.
Given a list of accounts and balances… calculate the ending retained earnings.
Given information about a note signed… determine the amount of interest to be accrued at year-end.
Given the length of the note, percent of the note, and the note amount… determine the maturity value.
Given a list of accounts and balances… determine the ending retained earnings balance.
Given cash, land, service revenue, salaries expense, rent expense, and utility expense they ask you to determine the net income or net loss for the year.
Given the amount of uncollectible accounts, accounts receivable, allowance, credit revenue, cash revenue, and collections… determine the uncollectible account expense.
Given the amount a building was purchased for and cash used along with the signing of a note… determine the effect on assets and liabilities.
Given the price of equipment, useful life, and a chart showing the book value of plant assets at the end of the months.. complete a table calculating the book value of the equipment.