Questions from College Accounting

Q: Using the following partial listing of T accounts, prepare closing entries

Using the following partial listing of T accounts, prepare closing entries in general journal form dated April 30, 20--. Then post the closing entries to the T accounts.

Q: Using the following partial listing of T accounts, prepare closing entries

Using the following partial listing of T accounts, prepare closing entries in general journal form dated January 31, 20--. Then post the closing entries to the T accounts.

Q: Page 206 shows a work sheet for Megaffin’s Repairs. No additional

Page 206 shows a work sheet for Megaffin’s Repairs. No additional investments were made by the owner during the month. REQUIRED 1. Prepare an income statement. 2. Prepare a statement of owner’s equit...

Q: Refer to the work sheet in Problem 6-7A for Megaffin’s

Refer to the work sheet in Problem 6-7A for Megaffin’s Repairs. The trial balance amounts (before adjustments) have been entered in the ledger accounts provided in the working papers...

Q: The capital account for Autumn Chou, including an additional investment,

The capital account for Autumn Chou, including an additional investment, and a partial work sheet are shown below and on page 208. REQUIRED Prepare a statement of owner’s equity.

Q: Match the following words with their definitions: /

Match the following words with their definitions:

Q: A petty cash fund was established for $150. The following

A petty cash fund was established for $150. The following vouchers were issued during May: REQUIRED 1. Prepare the journal entry to establish the petty cash fund. 2. Record the vouchers in the petty...

Q: Based on the following information, prepare a deposit ticket:

Based on the following information, prepare a deposit ticket:

Q: Based on the following information, prepare a check and stub:

Based on the following information, prepare a check and stub:

Q: In a format similar to the following, indicate whether the action

In a format similar to the following, indicate whether the action at the left will result in an addition to (+) or subtraction from (–) the ending bank balance or the ending checkboo...