College Accounting: A Career Approach (with Quickbooks Online), Loose-leaf Version
College Accounting: A Career Approach (with Quickbooks Online), Loose-leaf Version
13th Edition
ISBN: 9781337395243
Author: Cathy J. Scott
Publisher: South-Western College Pub
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Chapter 4, Problem 1PB

The trial balance for Mason’s Insurance Agency as of August 31, after the firm has completed its first month of operations, is shown on the next page.

Chapter 4, Problem 1PB, The trial balance for Masons Insurance Agency as of August 31, after the firm has completed its

Required

  1. 1. Record amounts in the Trial Balance columns of the work sheet.
  2. 2. Complete the work sheet by making the following adjustments and lettering each adjustment:
    1. a. Expired or used-up insurance, $260.
    2. b. Depreciation expense on office equipment, $900.
    3. c. Supplies used, $200.
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Consider the information below for Indigo Corporation for three recent fiscal years. Calculate the cost of goods sold for 2017. 2017 2016 2015 Inventory $ 5,49,239 $ 5,72,539 $3,36,727 Net sales 19,59,923 17,22,590 13,04,341 Cost of goods sold 15,44,780 12,80,357 9,45,022

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College Accounting: A Career Approach (with Quickbooks Online), Loose-leaf Version

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