Questions from College Accounting

Q: Foot and balance the T accounts prepared in Exercise 3-5A

Foot and balance the T accounts prepared in Exercise 3-5A if necessary. Exercise 3-5A: Analyze the following transactions for the first month of business using T accounts. Label each T account with...

Q: Charles Chadwick opened a business called Charlie’s Detective Service in January 20

Charles Chadwick opened a business called Charlie’s Detective Service in January 20--. Set up T accounts for the following accounts: Cash; Accounts Receivable; Office Supplies; Computer Equipment; Off...

Q: Prepare a trial balance for Charlie’s Detective Service as of January 31

Prepare a trial balance for Charlie’s Detective Service as of January 31, 20--.

Q: The following accounts have normal balances. Prepare a trial balance for

The following accounts have normal balances. Prepare a trial balance for Kenny’s Lawn Service as of September 30, 20--. Cash …………………………………………………………... $10,000 Accounts Receivable ……………………………………… 6,00...

Q: Source documents trigger the analysis of events requiring an accounting entry.

Source documents trigger the analysis of events requiring an accounting entry. Match the following source documents with the type of information they provide.

Q: Jim Andrews opened a delivery business in March. He rented a

Jim Andrews opened a delivery business in March. He rented a small office and has a part-time assistant. His trial balance shows accounts for the first three months of business. Andrewsâ€&...

Q: Why is it important to total and verify the totals of the

Why is it important to total and verify the totals of the payroll register after the data for each employee have been entered?

Q: Assuming that all entries have been posted, prepare correcting entries for

Assuming that all entries have been posted, prepare correcting entries for each of the following errors.

Q: From the information in the trial balance presented for Juanita’s Delivery Service

From the information in the trial balance presented for Juanita’s Delivery Service on page 76, prepare a balance sheet for Juanita’s Delivery Service as of September 30, 20--.

Q: Wilhelm Kohl started a business in May 20-- called Kohl’s Home

Wilhelm Kohl started a business in May 20-- called Kohl’s Home Repair. Kohl hired a part-time college student as an assistant. Kohl has decided to use the following accounts for reco...