Questions from College Accounting

Q: Indicate which of the following items apply to the following account titles

Indicate which of the following items apply to the following account titles. 1. An asset 2. A liability 3. An expense 4. Appears on the income statement 5. Appears on the balance sheet

Q: Complete the transactional analysis box for the following transaction: Issued credit

Complete the transactional analysis box for the following transaction: Issued credit memorandum to Pike.com for defective merchandise, $190.

Q: Journalize entries for the following situations (assume allowance method):

Journalize entries for the following situations (assume allowance method): Situation 1: Wrote off Janice Lake as a bad debt 2 years after the sale for $100. Situation 2: Reinstated Janice Lake, who se...

Q: Journalize the following transaction in correct form: /

Journalize the following transaction in correct form:

Q: Journalize the following transaction in correct form: /

Journalize the following transaction in correct form:

Q: Complete the following using the retail inventory method. (Round cost

Complete the following using the retail inventory method. (Round cost ratio to the nearest whole percent.)

Q: Record the following transactions at (a) gross and (b

Record the following transactions at (a) gross and (b) net:

Q: From the following, calculate total manufacturing costs: Direct

From the following, calculate total manufacturing costs: Direct labor ………………………………………………………. $ 7,800 Raw materials inventory, June 30 ………………………… 5,200 Raw materials purchases …………………………………… 16,800 Ra...

Q: Journalize the following transactions: a. Storeroom issued raw

Journalize the following transactions: a. Storeroom issued raw materials costing $7,000. b. Direct labor of $4,400 was charged to production. c. Supplies costing $2,900 were issued by the storeroom....

Q: In general journal form, prepare journal entries to establish a petty

In general journal form, prepare journal entries to establish a petty cash fund on March 1 and replenish it on March 31.