Questions from Survey Accounting


Q: Determine whether the following items included in Wong Company’s January 2018 bank

Determine whether the following items included in Wong Company’s January 2018 bank reconciliation will require adjustments on Wong’s books and indicate the amount of any necessary adjustment. a. Servi...

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Q: The following information is available for Pyle Garage for March 2018:

The following information is available for Pyle Garage for March 2018: The following is a list of checks and deposits recorded on the books of Pyle Garage for March 2018: Other Information 1. Chec...

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Q: Sam Sharp is an accountant with a shady past. Suffice it

Sam Sharp is an accountant with a shady past. Suffice it to say that he owes some very unsavory characters a lot of money. Despite his past, Sam works hard at keeping up a strong professional image. H...

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Q: David Sheridan was a well-respected CPA in his mid-

David Sheridan was a well-respected CPA in his mid-fifties. After spending 10 years at a national accounting firm, he was hired by Global, Inc., a multinational corporation headquartered in the United...

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Q: You have probably heard it is unwise to bite the hand that

You have probably heard it is unwise to bite the hand that feeds you. Independent auditors are chosen by, paid by, and can be fired by the companies they audit. What keeps the auditor independent? In...

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Q: The following transactions apply to Jova Company for 2018, the first

The following transactions apply to Jova Company for 2018, the first year of operation: 1. Issued $10,000 of common stock for cash. 2. Recognized $210,000 of service revenue earned on account. 3. Coll...

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Q: The following trial balance was prepared for Tile, Etc., Inc

The following trial balance was prepared for Tile, Etc., Inc. on December 31, 2017, after the closing entries were posted: Account Title Cash…………………………………………………………………....

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Q: The accounting records of Wall’s China Shop reflected the following balances as

The accounting records of Wall’s China Shop reflected the following balances as of January 1, 2018: Cash……………………………………………………………….$80,100 Beginning inventory……………33,000 (220 units @ $150) Common stock...

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Q: The Brick Company had cash sales of $280,000 for

The Brick Company had cash sales of $280,000 for 2018, its first year of operation. On April 2, the company purchased 210 units of inventory at $390 per unit. On September 1, an additional 160 units w...

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Q: The following information is available for Quality Book Sales's sales on account

The following information is available for Quality Book Sales's sales on account and accounts receivable: Accounts Receivable Balance, January 1, 2018………………………………$ 78,500 Allowance for Doubtful Accou...

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