College Accounting: A Career Approach (with Quickbooks Accountant 2015 Cd-rom)
College Accounting: A Career Approach (with Quickbooks Accountant 2015 Cd-rom)
12th Edition
ISBN: 9781305863385
Author: Cathy J. Scott
Publisher: Cengage Learning
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Chapter 11, Problem 5PA

A portion of Anderson Publishing’s work sheet for the year ended December 31 follows:

Chapter 11, Problem 5PA, A portion of Anderson Publishings work sheet for the year ended December 31 follows: Required 1.

Required

  1. 1. Determine the entries that appeared in the Adjustments columns and prepare the general journal entries for the adjustments. If using Working Papers, start on page 120 in the general journal.
  2. 2. Determine the net income for the year.
  3. 3. What is the amount of ending capital?
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