Questions from College Accounting

Q: What account titles would you suggest for the chart of accounts for

What account titles would you suggest for the chart of accounts for a city touring company owned by W. Sanders? List the accounts by account category and include an appropriate account number for each...

Q: What is the purpose of a work sheet?

What is the purpose of a work sheet?

Q: List the following classifications of accounts in all of the columns in

List the following classifications of accounts in all of the columns in which they appear on the work sheet, with the exception of the Adjustments columns. (Example: Assets) Assets Accumulated Depreci...

Q: Classify each of the accounts listed below as assets (A),

Classify each of the accounts listed below as assets (A), liabilities (L), owner’s equity (OE), revenue (R), or expenses (E). Indicate the normal debit or credit balance of each acco...

Q: Place a check mark next to any account(s) requiring

Place a check mark next to any account(s) requiring adjustment. Explain why those accounts must be adjusted.

Q: A partial work sheet for Marge’s Place is shown below. Prepare

A partial work sheet for Marge’s Place is shown below. Prepare the following adjustments on this work sheet for the month ended June 30, 20--. a. Expired or used-up insurance, $450....

Q: Complete the work sheet for Ramey Company, dated December 31,

Complete the work sheet for Ramey Company, dated December 31, 20--, through the adjusted trial balance using the following adjustment information: a. Expired or used-up insurance, $460. b. Depreciatio...

Q: Journalize the adjusting entries from the partial work sheet below for Brady

Journalize the adjusting entries from the partial work sheet below for Brady Company for the month ended May 31.

Q: Journalize the adjusting entries from the partial work sheet for Newkirk Practice

Journalize the adjusting entries from the partial work sheet for Newkirk Practice Exercise 4 Company as of September 30.

Q: Journalize the following adjusting entries that were included on the work sheet

Journalize the following adjusting entries that were included on the work sheet for the month ended December 31. Dec. 31 Salaries for three days are unpaid at December 31, $2,700. Salaries are $4,500...