Questions from College Accounting

Q: From the following T accounts, journalize the four closing entries on

From the following T accounts, journalize the four closing entries on October 31, 201X.

Q: From the following posted T accounts, reconstruct the closing journal entries

From the following posted T accounts, reconstruct the closing journal entries for August 31, 201X.

Q: From the following accounts (not in order), prepare a post

From the following accounts (not in order), prepare a post-closing trial balance for Wurley Co. on March 31, 201X. Note: These balances are before closing.

Q: From the following information, construct a bank reconciliation for Bang Co

From the following information, construct a bank reconciliation for Bang Co. as of February 28, 201X. Then prepare journal entries if needed.

Q: At the end of the day the clerk for Ken’s Variety Shop

At the end of the day the clerk for Ken’s Variety Shop noticed an error in the amount of cash he should have. Total cash sales from the sales tape were $1,192, whereas the total cash in the register w...

Q: The total wage expense for Edgar Co. was $166,

The total wage expense for Edgar Co. was $166,000. Of this total, $26,000 was above the OASDI wage base limit and not subject to this tax. All earnings are subject to Medicare tax, and $55,000 was abo...

Q: Using a blank form 941, complete Part 1, lines 1

Using a blank form 941, complete Part 1, lines 1–6, using the following information: Total employees during the first quarter ……………………………………………………… 3 Total wages during the first quarter, none came f...

Q: Mocha Company has four employees, and each employee earned $50

Mocha Company has four employees, and each employee earned $50,000 for the calendar year. Using a blank Form 940, complete Part 2, lines 3–8, to answer the following questions: Total annual payroll f...

Q: Journalize, record, and post when appropriate the following transactions in

Journalize, record, and post when appropriate the following transactions in the general journal (all sales carry terms of 5/10, n/30): Use the following account numbers: Accounts Receivable, 112; Sa...

Q: Avan Corporation just published its financial statements. The president of Avan

Avan Corporation just published its financial statements. The president of Avan told the accountants not to include in the annual report any information about a pending lawsuit. The president thought...