Principles of Accounting: Chapters 1-13
Principles of Accounting: Chapters 1-13
12th Edition
ISBN: 9781133593102
Author: Belverd E., Jr, Ph.d. Needles, Marian, Ph.D. Powers, Susan V. Crosson
Publisher: Cengage Learning
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Chapter 3, Problem 8P

1 and 2

To determine

Prepare T accounts for trial balance accounts of Company S and post the adjusting entries to the T accounts.

3.

To determine

Prepare an adjusted trial balance, an income statement, a statement of owner’s equity, and a balance sheet of Company “S” for the year ended December 31, 2014.

4.

To determine

State the reason for not showing the effects of the given transaction on the statement of cash flows

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Please give me correct answer this financial accounting question
Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency of appropriations of $5,350,000. OMB apportions one-fourth of the appropriation for the first quarter of the year. The director of the agency allots $1,202,000 to program units. Program units place orders of $865,000. Supplies ($141,500) and services ($582,500) are received during the first quarter. Supplies of $130,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter.
What is the payable deferral period on these financial accounting question?

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Principles of Accounting: Chapters 1-13

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