Questions from College Accounting


Q: List the advantages of the corporate form of organization.

List the advantages of the corporate form of organization.

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Q: From the following, foot and balance each account.

From the following, foot and balance each account.

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Q: Before Adjustment / Given: At year end

Before Adjustment Given: At year end, an inventory of Office Supplies showed $400. a. How much is the adjustment for Office Supplies? b. Complete a transaction analysis box for this adjustment. c. W...

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Q: Record the following transactions into the general journal. The company uses

Record the following transactions into the general journal. The company uses a voucher system along with a petty cash fund.

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Q: On April 15, Kratz Co. prepared a voucher for $

On April 15, Kratz Co. prepared a voucher for $800 for merchandise purchased on account from Plum Co. On April 19, Kratz Co. decided to return merchandise valued at $170 due to poor workmanship. Recor...

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Q: On April 5, Lein Co. prepared voucher no. 15

On April 5, Lein Co. prepared voucher no. 15 to record purchases of equipment on account for $1,900. On April 14, Lein Co. decided to pay the $1,900 in two equal installments (voucher nos. 18 and 19)....

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Q: The cost of rent of $19,000 for Linville Co

The cost of rent of $19,000 for Linville Co. is appropriated to each department based on its sales. Given the following, assign the cost of rent to each department:

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Q: Calculate the assignment of fire insurance of $24,000 to

Calculate the assignment of fire insurance of $24,000 to each department based on square footage.

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Q: Given the following, calculate net income: /

Given the following, calculate net income:

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Q: Classify each of the following as raw material, direct labor,

Classify each of the following as raw material, direct labor, or overhead: a. Finishing material for an automobile manufacturer b. Labor of a person who paints automobiles for an automobile manufactu...

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