Questions from College Accounting


Q: As the bookkeeper of Palmer’s Plowing, you have been asked to

As the bookkeeper of Palmer’s Plowing, you have been asked to complete the entire accounting cycle for Palmer from the following information. Use the following chart of accounts....

See Answer

Q: Work.com received a bank statement from Waldorf Bank indicating a

Work.com received a bank statement from Waldorf Bank indicating a bank balance of $7,800. Based on Work.com’s check stubs, the ending checkbook balance was $8,320. Your task is to prepare a bank recon...

See Answer

Q: From the following statement, please (1) complete the bank

From the following statement, please (1) complete the bank reconciliation for Jackie’s Deli found on the reverse of the following bank statement and (2) journalize the appropriate en...

See Answer

Q: The following transactions occurred in April for Jolly Co.:

The following transactions occurred in April for Jolly Co.: Your tasks are to do the following: a. Record the appropriate entries in the general journal as well as the auxiliary petty cash record as...

See Answer

Q: From the following, record the transactions in Kona’s auxiliary petty cash

From the following, record the transactions in Kona’s auxiliary petty cash record and general journal as needed:

See Answer

Q: You gathered the following data from time cards and individual employee earnings

You gathered the following data from time cards and individual employee earnings records. Your tasks are as follows: 1. On December 5, 201X, prepare a payroll register for this biweekly payroll. 2. Ca...

See Answer

Q: The following is the monthly payroll of White Company, owned by

The following is the monthly payroll of White Company, owned by Dale White. Employees are paid on the last day of each month. White Company is located at 2 Square Street, Marblehead, Massachusetts...

See Answer

Q: The following is the monthly payroll for the last three months of

The following is the monthly payroll for the last three months of the year for Turner’s Sporting Goods Shop, 2 Boat Road, Lynn, Massachusetts 01945. The shop is a sole proprietorship...

See Answer

Q: Sandra Hills has opened Macchiato and More, a wholesale grocery and

Sandra Hills has opened Macchiato and More, a wholesale grocery and coffee company. The following transactions occurred in June: Required: 1. Journalize the transactions. 2. Record to the accounts r...

See Answer

Q: The following transactions of Jack’s Auto Supply occurred in January (Balances

The following transactions of Jack’s Auto Supply occurred in January (Balances as of January 1 are given for general ledger and accounts receivable ledger accounts: Nonack, $1,400 Dr...

See Answer