Accounting journal entries practice quiz
[DOCX File]Journal Entry Practice - Ms. McRae's Classes
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Accounting Cycle Tutorial available on Drive R—practice whichever steps you think you need to work on More practice available for preparing income statement, classified balance sheet, closing entries, general journal entries, and adjusting entries on handout sheet.
[DOC File]AQ2 - 2210 - WCNet
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Acct 2210 Zeigler: AQ #2 Solution – Spr 2015 (Chp 3) - 15 pts. Review for Exam #2 – See me or our GA team with any questions ____ 1. From our Chp 3 Online practice quiz, the recording rules of double-entry accounting (related to assets, liabilities, and stockholders' equity accounts) can be summarized as:
[DOC File]Accounting 321 Practice Quiz 1 - Drexel University
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Prepare adjusting journal entries at year end, December 31, 2007, based on the following supplemental information. a. The annual depreciation rate on the equipment is 8%. Salvage value is estimated to be 5% of cost. (Straight-line method being used.) Dep Exp: Equ 63,840. A/D: Equ 63,840. b. Interest accrued on the bonds payable is $15,000 as of ...
[DOC File]Accounting 321 Practice Quiz 1 - Drexel University
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Prepare adjusting journal entries at year end, December 31, 2007, based on the following supplemental information. a. The annual depreciation rate on the equipment is 8%. Salvage value is estimated to be 5% of cost. (Straight-line method being used.) b. Interest accrued on …
[DOC File]$5,000 was borrowed from a bank
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500 500 Practice Problem 2. East West Travels. East West Travels began operations in April 2000. The company is a sole-proprietorship. This assignment requires you to record the transactions for April in the general journal. Apr. 1 Brian Smith started East West Travels by investing $40,000. Apr. 2 $15,000 was borrowed by issuing a note payable.
[DOCX File]Accounting 101 - Glendale Community College
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2 9/5Chapter 2 –Accounting Information System( Measuring Bus Act, Dr, Cr,) Start Monopoly Practice Set. Last Day to Drop w/o Note . 9/1. 0. 3 9/12Chapter 3 – Financial Reporting Process. 4 9/19 TEST 1 (Chap 1-3) Chapter 4 – Cash and Internal Controls. 5 9/26Chapter 5 - Receivables and Sales. Annual Report(Set One) Due
[DOC File]Accounting 102 - Glendale Community College
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There will be a quick quiz after we finish each chapter. Some chapters may be skipped but only 10 quizzes will be counted for a total of 50 points. The purpose of these quizzes is to see if you understand the chapter. The quiz(es) with the lowest score will be dropped. The more quizzes we have the more you can drop. Each will be worth 5 points.
[DOC File]Practice Problem 2
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Practice Problem 1. Comfort Furniture Company. The transactions for the year 2000 for Comfort Furniture Co. have been recorded in the accounting system. This assignment requires you to prepare adjusting entries for Comfort Furniture Co. for December 2000. Dec. 31 Wages owed but unpaid at the end of December were $5,000.
[DOC File]CHAPTERS 3 AND 9—ADJUSTING ENTRIES AND …
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This caption helps to inform the readers of the general journal that the entries that are following are the adjusting entries—entries made at the end of an accounting period to insure that the revenue recognition and the matching principles are followed which bring the account balances up-to-date.
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