Questions from College Accounting


Q: From the following transactions for Ava Co., journalize, record,

From the following transactions for Ava Co., journalize, record, post, and prepare a schedule of accounts receivable when appropriate. You will have to set up your own accounts receivable subsidiary l...

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Q: From the following facts calculate what Mike Hall paid Lakeville Co.

From the following facts calculate what Mike Hall paid Lakeville Co. for the purchase of a dining room set. Sale terms are 5/10, n/30. a. Sales ticket price before tax, $11,000, dated April 5. b. Sal...

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Q: From the general journal in Figure 10.29, record to

From the general journal in Figure 10.29, record to the accounts payable subsidiary ledger and post to general ledger accounts as appropriate. Figure 10.29:

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Q: Journalize the following transactions. Assume a perpetual inventory system.

Journalize the following transactions. Assume a perpetual inventory system.

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

Journalize, record, and post when appropriate the following transactions into the general journal (p. 2) for Jacob’s Clothing. All purchases discounts are 7/10, n/30. Assume the peri...

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Q: Journalize the following transactions. Assume a perpetual inventory system.

Journalize the following transactions. Assume a perpetual inventory system.

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Q: Journalize the following transactions. Assume the perpetual inventory system.

Journalize the following transactions. Assume the perpetual inventory system.

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Q: Journalize the following transactions. Assume the perpetual inventory system.

Journalize the following transactions. Assume the perpetual inventory system.

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Q: From the following, calculate (a) net sales, (

From the following, calculate (a) net sales, (b) cost of goods sold, (c) gross profit, and (d) net income: Sales, $22,000; Sales Discount, $470; Sales Returns and Allowances, $240; Beginning Inventory...

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Q: From the following accounts, prepare a cost of goods sold section

From the following accounts, prepare a cost of goods sold section in proper form: Merchandise Inventory, 12/31/1X, $9,000; Purchases Discount, $920; Merchandise Inventory, 12/01/1X, $4,000; Purchases,...

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