Questions from Financial Accounting


Q: The IT manager of Highland Realty, Inc., prepared the balance

The IT manager of Highland Realty, Inc., prepared the balance sheet of the company while the accountant was ill. The balance sheet contains numerous errors. In particular, the IT manager knew that the...

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Q: The accounts of Wellington Electronics Repair, Inc., and their normal

The accounts of Wellington Electronics Repair, Inc., and their normal balances at October 31, 2018, follow. The accounts are listed in no particular order. Requirements 1. Prepare the companyâ...

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Q: The following errors occurred in the accounting records of Wilburton Electronics,

The following errors occurred in the accounting records of Wilburton Electronics, Inc.: a. The company accountant recorded the receipt of cash for service revenue by debiting Cash for $1,640 instead o...

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Q: Amanda Bradford practices law under the business title Amanda Bradford, Attorney

Amanda Bradford practices law under the business title Amanda Bradford, Attorney at Law, Inc. During June, her law practice engaged in the following transactions: Bradford’s busine...

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Q: This problem continues our accounting for Fitness Equipment Doctor, Inc.,

This problem continues our accounting for Fitness Equipment Doctor, Inc., from Chapter 7. During 2018, Fitness Equipment Doctor made the following purchases: • On March 3, Fitness Equipment Doctor, In...

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Q: First Choice Fabrication, Inc., engaged in the following business transactions

First Choice Fabrication, Inc., engaged in the following business transactions during May 2018: First Choice Fabrication, Inc., uses the following accounts: Cash, Accounts Receivable, Supplies, Buil...

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Q: Braeden Miller opened an accounting firm on January 1, 2018.

Braeden Miller opened an accounting firm on January 1, 2018. 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 trial balance for Safenet, Inc., at September 15,

The trial balance for Safenet, Inc., at September 15, 2018, follows: During the remainder of September, Safenet, Inc., completed the following transactions: Requirements 1. Journalize the transact...

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Q: The accounts of Hernandez Computer Repair, Inc., and their normal

The accounts of Hernandez Computer Repair, Inc., and their normal balances at March 31, 2018, follow. The accounts are listed in no particular order. Requirements 1. Prepare the companyâ€...

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Q: Tim Collett practices law under the business title Tim Collett, Attorney

Tim Collett practices law under the business title Tim Collett, Attorney at Law, Inc. During November, his law practice engaged in the following transactions: Collett’s business us...

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