Questions from College Accounting


Q: Match the following activities to the three business transactions (more than

Match the following activities to the three business transactions (more than one number can be used). 1. Record to the accounts receivable subsidiary ledger. 2. Journalize the transaction. 3. Post to...

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Q: Use transaction analysis charts to analyze the following adjustments:

Use transaction analysis charts to analyze the following adjustments: a. Depreciation on equipment, $700. b. Rent expired, $300.

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Q: From the following adjustment data, calculate the adjustment amount and record

From the following adjustment data, calculate the adjustment amount and record appropriate debits or credits: a. Supplies purchased, $1,000. Supplies on hand, $50. b. Store equipment, $10,000. Accumul...

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Q: From the following trial balance (Figure 4.20) and

From the following trial balance (Figure 4.20) and adjustment data, complete a worksheet for J. Tutle as of March 31, 201X: Figure 4.20: a. Depreciation expense, store equipment, $1. b. Insurance e...

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Q: Please draw a diagram showing how the following items relate to each

Please draw a diagram showing how the following items relate to each other: (a) weekly payroll, (b) payroll register, (c) individual employee earnings record, and (d) general journal entries for payro...

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Q: If you earned $130,000 this year, you would

If you earned $130,000 this year, you would pay more OASDI and Medicare than your partner who earned $75,000. Do you agree or disagree? Please provide calculations to support your answer.

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Q: Indicate the normal balance and category of each of the following accounts

Indicate the normal balance and category of each of the following accounts: a. Unearned Revenue b. Merchandise Inventory (beginning of period) c. Freight-In d. Payroll Tax Expense e. Purchases Discoun...

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Q: Journalize the following transaction in correct form: /

Journalize the following transaction in correct form:

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Q: For each of the following transactions for Jackson Co. (the

For each of the following transactions for Jackson Co. (the seller), journalize what the entry would be for the buyer (North Co.). Jackson Company uses the periodic method.

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Q: Complete the following table: /

Complete the following table:

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