Questions from College Accounting


Q: Since graduating from college five years ago, you have worked for

Since graduating from college five years ago, you have worked for a national chain of men’s clothing stores. You have held several positions within the company and are currently mana...

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Q: The following occurred during June at Brown Financial Planning. INSTRUCTIONS

The following occurred during June at Brown Financial Planning. INSTRUCTIONS Analyze each transaction. Use T accounts to record these transactions and be sure to put the name of the account on the top...

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Q: The following accounts and transactions are for Vincent Sutton, Landscape Consultant

The following accounts and transactions are for Vincent Sutton, Landscape Consultant. INSTRUCTIONS Analyze the transactions. Record each in the appropriate T accounts. Identify each entry in the T acc...

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Q: The transactions that follow took place at the Cedar Hill Recreation and

The transactions that follow took place at the Cedar Hill Recreation and Sports Arena during September 20X1. This firm has indoor courts where customers can play tennis for a fee. It also rents equipm...

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Q: On October 1, 20X1, Helen Kennedy opened an advertising agency

On October 1, 20X1, Helen Kennedy opened an advertising agency. She plans to use the chart of accounts listed below. INSTRUCTIONS 1. Journalize the transactions. Number the journal page 1, write the y...

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Q: The following journal entries were prepared by an employee of International Marketing

The following journal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting. INSTRUCTIONS Examine the journal entries carefully...

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Q: Four transactions for Airline Maintenance and Repair Shop that took place in

Four transactions for Airline Maintenance and Repair Shop that took place in November 20X1 appear below, along with the general ledger accounts used by the company. INSTRUCTIONS Record the transaction...

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Q: The trial balance of Ortiz Company as of January 31, 20X1

The trial balance of Ortiz Company as of January 31, 20X1, after the company completed the first month of operations, is shown in the partial worksheet below. INSTRUCTIONS Complete the worksheet by ma...

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Q: The adjusted trial balance of Campus Book Store and Supply Company as

The adjusted trial balance of Campus Book Store and Supply Company as of November 30, 20X1, after the firm’s first month of operations, appears below. Appropriate adjustments have be...

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Q: Brenda Jo Smith is an architect who operates her own business.

Brenda Jo Smith is an architect who operates her own business. The accounts and transactions for the business follow. INSTRUCTIONS (1) Analyze the transactions for January 20X1. Record each in the app...

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