Questions from Financial Accounting


Q: Dori Cruz started an interior design company called Interiors by Design,

Dori Cruz started an interior design company called Interiors by Design, Inc., on April 1, 2016. The following amounts summarize the financial position of her business on April 14, 2016, after the fir...

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Q: Braeden Miller opened an accounting firm on January 1, 2016.

Braeden Miller opened an accounting firm on January 1, 2016. During the month of January, the business completed the following transactions:  Requirements 1. Open or set up the following T-accounts...

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Q: The accounting records of Pro Paint, Inc. include the following

The accounting records of Pro Paint, Inc. include the following unadjusted balances at June 30: Accounts Receivable, $1,700; Supplies, $725; Salaries Payable, $0; Unearned Service Revenue, $900; Servi...

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Q: Use the data for Grease Monkey Auto Supply, Inc., from

Use the data for Grease Monkey Auto Supply, Inc., from E4-32B. Information E4-32B: The account balances for Grease Monkey Auto Supply, Inc., for the year ended December 31, 2016, are presented next in...

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Q: Gear Heads, Inc., restores antique automobiles. The retained earnings

Gear Heads, Inc., restores antique automobiles. The retained earnings balance of the corporation was $19,700 at December 31, 2015. During 2016, the corporation paid $45,000 in dividends to its stockho...

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Q: The trial balance for Security Solutions, Inc., at September 15

The trial balance for Security Solutions, Inc., at September 15, 2016, follows:  During the remainder of September, Security Solutions, Inc., completed the following transactions:  Requirements...

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Q: The accountant for Castile Construction, Inc., posted adjusting entries (

The accountant for Castile Construction, Inc., posted adjusting entries (a) through (e) to the accounts at August 31, 2016. Selected balance sheet accounts and all the revenues and expenses of the ent...

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Q: Use the data for Grease Monkey Auto Supply, Inc., from

Use the data for Grease Monkey Auto Supply, Inc., from E4-32B. Information E4-32B: The account balances for Grease Monkey Auto Supply, Inc., for the year ended December 31, 2016, are presented next in...

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Q: Presented here are the amounts of Assets, Liabilities, Stockholders’ Equity

Presented here are the amounts of Assets, Liabilities, Stockholders’ Equity, Revenues, and Expenses of Extreme Sports, Inc., at October 31, 2016. The items are listed in alphabetical order.  The re...

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Q: The accounts of Hernandez Computer Repair, Inc., follow with their

The accounts of Hernandez Computer Repair, Inc., follow with their normal balances at March 31, 2016. The accounts are listed in no particular order.  Requirements 1. Prepare the company’s trial ba...

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