Financial Accounting
5th Edition
ISBN: 9781259914898
Author: SPICELAND
Publisher: MCG
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Chapter 3, Problem 19E
1.
To determine
Prepare the closing entries at December 31, 2021.
2.
To determine
Prepare a post-closing
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Problem 3-1B
Identifying adjusting entries with explanations
P1 P2 P3 P4
For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use
explanations more than once.
A.
To record payment of a prepaid expense.
B.
To record this period's use of a prepaid expense.
C.
To record this period's depreciation expense.
D.
To record receipt of unearned revenue.
E.
To record this period's earning of prior unearned revenue.
F.
To record an accrued expense.
G.
To record payment of an accrued expense.
H.
To record an accrued revenue.
I.
To record receipt of accrued revenue.
1.
Interest Receivable
3,500
7. Cash
1,500
Interest Revenue
3,500
Accounts Receivable (from services)
1,500
2.
Salaries Payable
9,000
8. Salaries Expense
7,000
Cash
9,000
Salaries Payable
7,000
3. Depreciation Expense
8,000
9.
Cash
1,000
Accumulated Depreciation.
8,000
Interest Receivable
1,000
4.
Cash
9,000
10.
Unearned Revenue
9,000
Prepaid Rent
Cash
3,000
3,000
5.
Insurance Expense
4,000…
None
Please give me answer accounting
Chapter 3 Solutions
Financial Accounting
Ch. 3 - Prob. 1SSQCh. 3 - 2. On January 17, Papa’s Pizza signs a contract...Ch. 3 - 3. Refer to the information in Self-Study Question...Ch. 3 - 4. Refer to the information in Self-Study...Ch. 3 - 5. Which of the following is not a characteristic...Ch. 3 - d. Are recorded at the end of the accounting...Ch. 3 - 7. A company owes employee salaries of $5,000 on...Ch. 3 - Prob. 8SSQCh. 3 - 9. An adjusted trial balance
Lists all accounts...Ch. 3 - Prob. 10SSQ
Ch. 3 - Prob. 11SSQCh. 3 - Prob. 12SSQCh. 3 - Prob. 13SSQCh. 3 - Prob. 14SSQCh. 3 - Prob. 15SSQCh. 3 - After completing each requirement, check your...Ch. 3 - Applying Excel #3-2
A company reports the...Ch. 3 - 1. Discuss the major principle that describes...Ch. 3 - Prob. 2RQCh. 3 - Prob. 3RQCh. 3 - Prob. 4RQCh. 3 - LO3–2
Rip Side of Question 7
5. Executive Lawn...Ch. 3 - Prob. 6RQCh. 3 - Prob. 7RQCh. 3 - Prob. 8RQCh. 3 - Prob. 9RQCh. 3 - Prob. 10RQCh. 3 - Prob. 11RQCh. 3 - Prob. 12RQCh. 3 - Prob. 13RQCh. 3 - Prob. 14RQCh. 3 - Prob. 15RQCh. 3 - Prob. 16RQCh. 3 - LO3–3
17. Global Printing publishes several types...Ch. 3 - Prob. 18RQCh. 3 - Prob. 19RQCh. 3 - Prob. 20RQCh. 3 - Prob. 21RQCh. 3 - Prob. 22RQCh. 3 - Prob. 23RQCh. 3 - Prob. 24RQCh. 3 - Prob. 25RQCh. 3 - Prob. 26RQCh. 3 - Prob. 27RQCh. 3 - Prob. 28RQCh. 3 - Determine revenues to be recognized (LO3–1)
BE3–1...Ch. 3 - BE3–2 Below are transactions for Bronco...Ch. 3 - BE3–3 Hoya Corporation reports the following...Ch. 3 - Analyze the impact of transactions on the balance...Ch. 3 - Determine accrual-basis and cash-basis net Income...Ch. 3 - BE3–6 At the beginning of May, Golden Gopher...Ch. 3 - Record the adjusting entry for prepaid rent...Ch. 3 - BE3–8 Mountaineer Excavation operates in a...Ch. 3 - Record the adjusting entry for depreciation...Ch. 3 - Record the adjusting entry for deferred revenue...Ch. 3 - Prob. 11BECh. 3 - Prob. 12BECh. 3 - Prob. 13BECh. 3 - BE3-14 For each of the following accounts,...Ch. 3 - Prob. 15BECh. 3 - Prob. 16BECh. 3 - Prob. 17BECh. 3 - Prob. 18BECh. 3 - Prob. 19BECh. 3 - BE3–20 The year-end adjusted trial balance of...Ch. 3 - E3–1 Consider the following...Ch. 3 - E3–2 Consider the following...Ch. 3 - E3–3 Refer to the situations discussed in...Ch. 3 - Differentiate cash-basis expenses from...Ch. 3 - E3-5 During the course of your examination of the...Ch. 3 - E3–6 Listed below are all the steps in the...Ch. 3 - Record adjusting entries (LO3-3)
E3-7 Golden Eagle...Ch. 3 - E3-8 Consider the following transactions for...Ch. 3 - Calculate the effects on net income of not...Ch. 3 - E3-10 Consider the following situations for...Ch. 3 - Calculate the effects on the accounting equation...Ch. 3 - Prob. 12ECh. 3 - Prob. 13ECh. 3 - E3-14 The December 31, 2021, unadjusted trial...Ch. 3 - Prob. 15ECh. 3 - E3-16 The December 31, 2021, adjusted trial...Ch. 3 - E3-17 Seminoles Corporation’s fiscal year-end is...Ch. 3 - 2. Calculate the ending balance of Retained...Ch. 3 - E3-19 Refer to the adjusted trial balance in...Ch. 3 - Prob. 20ECh. 3 - Prob. 21ECh. 3 - Prob. 1PACh. 3 - Convert cash-basis accounting to accrual-basis...Ch. 3 - Record adjusting entries (LO3-3)
P3-3A The...Ch. 3 - Prob. 4PACh. 3 - Prob. 5PACh. 3 - P3–6A The year-end financial statements of...Ch. 3 - Prob. 7PACh. 3 - Prob. 8PACh. 3 - Prob. 9PACh. 3 - Prob. 1PBCh. 3 - Prob. 2PBCh. 3 - P3-3B The information necessary for preparing the...Ch. 3 - P3-4B Grasshopper Lawn Service provides general...Ch. 3 - P3-5B Orange Designs provides consulting services...Ch. 3 - Prob. 6PBCh. 3 - Prob. 7PBCh. 3 - Prob. 8PBCh. 3 - Prob. 9PBCh. 3 - Prob. 1APCh. 3 - American Eagle Outfitters, Inc.
AP3-2 Financial...Ch. 3 - The Buckle, Inc.
AP3-3 Financial information for...Ch. 3 - Prob. 4APCh. 3 - AP3-5 You have recently been hired as the...Ch. 3 - Prob. 7AP
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