ACCOUNTING PRINCIPLES-W/WILEYPLUS
14th Edition
ISBN: 9781119707158
Author: Weygandt
Publisher: WILEY
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Chapter 11, Problem 3E
To determine
Journal entries: Entries to record the financial transactions during each accounting period are called journal entries. Income, liabilities and the giver are credited if the balance is increased and debited if the balance is reduced Expenses, assets and the receiver are debited if the balance is increased and credited if the balance is reduced in a
Sales tax: The additional amount paid by the buyer over and above the cost of goods plus profit margin of the manufacturer is known as sales tax. Company records this tax as the sales tax payable because it needs to be paid to tax authorities.
To prepare: The journal entries to record the sales transactions and sales taxes.
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B2
A
1 DATE VALUE
X✓ fx
2
1
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9
4
548
56
3835
40468
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C
D
E
F
G
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#N/A
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#N/A
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Use E6 "Problem Date" for green cells in col. E & I
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#N/A
10/8/2019
Day of the week
#N/A
6
Problem Date
7
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8 Date Value
Fractional Date
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9
40468.25
Day (DAY)
10
40468.375
11
40468.625
12
13
14
15 DATE DATA CLEANUP and MANIPULATION
End of month
Start of month
Start of next month
First day of the year
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
TIP: Use custom date format to display
as the name of the day (dddd)
Name of month
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#N/A
#N/A
30 workdays (excluding weekends) from today
Days between today and 30 workdays from now
#N/A
#N/A
16
Target
$2,000
17
18 DATE
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Hit Target?
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I need help finding the correct solution to this financial accounting problem with valid methods.
Can you explain the process for solving this financial accounting question accurately?
Chapter 11 Solutions
ACCOUNTING PRINCIPLES-W/WILEYPLUS
Ch. 11 - Prob. 1QCh. 11 - Prob. 2QCh. 11 - Prob. 3QCh. 11 - Prob. 4QCh. 11 - Prob. 5QCh. 11 - Prob. 6QCh. 11 - Prob. 7QCh. 11 - 8. What is the difference between gross pay and...Ch. 11 - Prob. 9QCh. 11 - Prob. 10Q
Ch. 11 - Prob. 11QCh. 11 - 12. What information is shown in a W-2 statement?
Ch. 11 - Prob. 13QCh. 11 - Prob. 14QCh. 11 - Prob. 15QCh. 11 - Prob. 16QCh. 11 - Prob. 17QCh. 11 - Prob. 18QCh. 11 - Prob. 19QCh. 11 - Prob. 20QCh. 11 - Prob. 21QCh. 11 - Prob. 22QCh. 11 - Prob. 1BECh. 11 - Prob. 2BECh. 11 - Prob. 3BECh. 11 - Prob. 4BECh. 11 - Prob. 5BECh. 11 - Prob. 7BECh. 11 - Prob. 8BECh. 11 - Prob. 9BECh. 11 - Prob. 10BECh. 11 - Prob. 11BECh. 11 - Prob. 1DIECh. 11 - DO IT! 11.3a In January, gross earnings in Burrell...Ch. 11 - Prob. 3bDIECh. 11 - Prob. 2ECh. 11 - Prob. 3ECh. 11 - Prob. 7ECh. 11 - Prob. 9ECh. 11 - Prob. 12ECh. 11 - Prob. 13ECh. 11 - Prob. 14ECh. 11 - Prob. 15ECh. 11 - Prob. 2PSACh. 11 - Prob. 4PSACh. 11 - Prob. 4EYCTCh. 11 - Prob. 5EYCTCh. 11 - Prob. 6EYCTCh. 11 - Prob. 7EYCTCh. 11 - Prob. 1IFRECh. 11 - Prob. 2IFRE
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