Questions from Intermediate Accounting


Q: Financial information follows for four different companies: / Instructions

Financial information follows for four different companies: Instructions Determine the missing amounts for (a) to (i). Show all calculations.

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Q: Jerry Holiday is the maintenance supervisor for Ray's Insurance Co. and

Jerry Holiday is the maintenance supervisor for Ray's Insurance Co. and has recently purchased a riding lawn mower and accessories that will be used in caring for the grounds around corporate headquar...

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Q: Bill Rosenberg recently opened his legal practice. During the first month

Bill Rosenberg recently opened his legal practice. During the first month of operations of his business (a sole proprietorship), the following events and transactions occurred: Instructions Prepare a...

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Q: The April 30, 2014 trial balance below of Many Happy Returns

The April 30, 2014 trial balance below of Many Happy Returns Company, a sole proprietorship, does not balance. Your review of the ledger reveals the following: 1. Each account has a normal balance. 2....

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Q: Below is the April 30 trial balance of Blues Around the Corner

Below is the April 30 trial balance of Blues Around the Corner Corporation: An examination of the ledger shows these errors: 1. Salaries and Wages Payable include $300 of salaries and wages accrued i...

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Q: On August I, Secret Sauce Technologies Inc. paid $ 12

On August I, Secret Sauce Technologies Inc. paid $ 12,600 in advance for two years' membership in a global technology association. Prepare two sets of journal entries for Secret Sauce, with each set o...

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Q: The trial balance of Mis-Match Inc. on June 30

The trial balance of Mis-Match Inc. on June 30, 2014, is as follows: The following transactions took place in July 2014: 1. Payments received from customers on account amounted to $ 1,320. 2. A comp...

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Q: LD Driving Range Inc. was opened on March 1 by Phil

LD Driving Range Inc. was opened on March 1 by Phil Woods. The following selected events and transactions occurred during March: Woods uses the following accounts for his company: Cash; Prepaid Insur...

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Q: The trial balance and the other information for consulting engineers Mustang Rovers

The trial balance and the other information for consulting engineers Mustang Rovers Consulting Limited follow: Additional information: 1. Fees received in advance from clients were $6,900. 2. Services...

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Q: Brook Corporation was founded by Ronnie Brook in January 2003. The

Brook Corporation was founded by Ronnie Brook in January 2003. The adjusted and unadjusted trial balances as at December 31, 2014, follow: Instructions (a) Journalize the annual adjusting entries tha...

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