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1 at the end of its first year the trial balance of jules company shows equipment 22000 and zero balances in
1 stagg advertising companys trial balance at december 31 shows supplies 8800 and supplies expense 0 on december 31
dicker company accumulates the following adjustment data at december 31indicate 1 the type of adjustment prepaid
the ledger of hubbard company includes the following accounts explain why each account may require adjustmenta prepaid
transactions that affect earnings do not necessarily affect cash identify the effect if any that each of the following
1 identify in the sequence in which they are prepared the three trial balances that are required in the accounting
1 indicate in the sequence in which they are made the three required steps in the accounting cycle that involve
1 describe the nature of the income summary account and identify the types of summary data that may be posted to this
1 some companies employ technologies that allow them to do a so-called virtual close this enables them to close their
1 identify the accounts debited and credited in each of the four closing entries assuming the company has net income
a what information do accrual basis financial statements provide that cash basis statements do notb what information do
1 why is it possible to prepare financial statements directly from an adjusted trial
1 which balance sheet account provides evidence that tootsie roll records sales on an accrual basis rather than a cash
1 one-half of the adjusting entry is given below indicate the account title for the other half of the entrya salaries
1 for each of the following items before adjustment indicate the type of adjusting entry-prepaid expense unearned
1 on january 9 a company pays 6200 for salaries of which 1100 was reported as salaries and wages payable on december 31
1 a company makes an accrued revenue adjusting entry for 780 and an accrued expense adjusting entry for 510 how much
1 valumart a large national retail chain is nearing its fiscal year-end it appears that the company is not going to hit
1 data technologies provides maintenance service for computers and office equipment for companies throughout the
1 greenstreet company purchased equipment for 15000 by the current balance sheet date the company had depreciated 7000
1 explain the differences between depreciation expense and accumulated
1 distinguish between the two categories of adjusting entries and identify the types of adjustments applicable to each
1 why may the financial information in an unadjusted trial balance not be up-to-date and
1 identify and state two generally accepted accounting principles that relate to adjusting the
a how does the periodicity assumption affect an accountants analysis of accounting transactionsb explain the term