COLLEGE ACCOUNTING13th EditionScott Publisher: CENGAGE LISBN: 9780357531846
COLLEGE ACCOUNTING
Solutions for COLLEGE ACCOUNTING
Problem 1QY:
Determine the balance of the following T account:
94,100 debit
54,900 debit
133,300 credit
54,900...Problem 2QY:
Which of the following statements is correct? a. Increases to cash are shown on the right side of...Problem 4QY:
R. Nelson invests his personal computer, with a fair market value of 2,500, in the business. How...Problem 5QY:
When preparing a trial balance, which of the following is correct? a. The purpose of the trial...Problem 6QY:
What would be the net income for Floress Catering? a. 45,500 b. 16,800 c. 19,800 d. 10,800Problem 7QY:
On which financial statement(s) would R. Flores, Drawing appear? a. Income statement b. Balance...Problem 8QY:
What is the amount of ending capital shown on the balance sheet for Floress Catering? a. 22,000 b....Problem 9QY:
Floress Catering purchased equipment that cost 2,500, but it was recorded as 520. Which of the...Problem 2DQ:
Explain why the term debit doesnt always mean increase and why the term credit doesnt always mean...Problem 8DQ:
What do we mean when we say that capital, drawing, revenue, and expense accounts are under the...Problem 1E:
On a sheet of paper, draw the fundamental accounting equation with T accounts under each of the...Problem 2E:
List the classification of each of the following accounts as A (asset), L (liability), OE (owners...Problem 3E:
R. Dalberg operates Dalbergs Tours. The company has the following chart of accounts: Using the chart...Problem 4E:
During the first month of operation, Graham Expeditions recorded the following transactions....Problem 5E:
Speedy Sewing Services, owned by T. Nguyen, hired a new bookkeeper who is not entirely familiar with...Problem 6E:
During the first month of operations, Landish Modeling Agency recorded transactions in T account...Problem 7E:
The following errors were made in journalizing transactions. In each case, calculate the amount of...Problem 8E:
Would the following errors cause the trial balance to have equal or unequal totals? As a result of...Problem 1PA:
During December of this year, G. Elden established Ginnys Gym. The following asset, liability, and...Problem 2PA:
B. Kelso established Computer Wizards during November of this year. The accountant prepared the...Problem 3PA:
S. Myers, a speech therapist, opened a clinic in the name of Myers Clinic. Her accountant prepared...Problem 4PA:
On May 1, B. Bangle opened Self-Wash Laundry. His accountant listed the following chart of accounts:...Problem 5PA:
The financial statements for Daniels Custom Haircuts for the month of October follow. Required Solve...Problem 1PB:
During February of this year, H. Rose established Rose Shoe Hospital. The following asset,...Problem 2PB:
J. Carrie established Carries Photo Tours during June of this year. The accountant prepared the...Problem 3PB:
D. Johnston, a physical therapist, opened Johnstons Clinic. His accountant provided the following...Problem 4PB:
On July 1, K. Resser opened Ressers Business Services. Ressers accountant listed the following chart...Problem 5PB:
The financial statements for Baker Custom Catering for the month of April are presented below....Browse All Chapters of This Textbook
Chapter 1 - Asset, Liability, Owner’s Equity, Revenue, And Expense AccountsChapter 2 - T Accounts, Debits And Credits, Trial Balance, And Financial StatementsChapter 3 - The General Journal And The General LedgerChapter 4 - Adjusting Entries And The Work SheetChapter 5 - Closing Entries And The Post-closing Trial BalanceChapter 6 - Bank Accounts, Cash Funds, And Internal ControlsChapter 7 - Employee Earnings And DeductionsChapter 8 - Employer Taxes, Payments, And ReportsChapter 9 - Sales And PurchasesChapter 10 - Cash Receipts And Cash Payments
Chapter 10A - The Voucher System Of AccountingChapter 11 - Work Sheet And Adjusting EntriesChapter 12 - Financial Statements, Closing Entries, And Reversing EntriesChapter 12A - The Statement Of Cash FlowsChapter A - Methods Of DepreciationChapter B - Bad DebtsChapter C - Inventory MethodsChapter D - Notes Payable And Notes ReceivableChapter E - Departmental Accounting
Sample Solutions for this Textbook
We offer sample solutions for COLLEGE ACCOUNTING homework problems. See examples below:
Assets: These are the resources owned and controlled by business and used to produce benefits for...Chapter 2, Problem 1QYChapter 2, Problem 5PAChapter 2, Problem 5PBChapter 3, Problem 1QYChapter 3, Problem 4PAChapter 3, Problem 4PBJournal entry: Journal entry is a set of economic events which can be measured in monetary terms....Chapter 4, Problem 1QY
Chapter 4, Problem 4PAChapter 4, Problem 4PBWorksheet: Worksheet is an accounting tool that help accountants to record adjustments and up-date...Chapter 5, Problem 1QYChapter 5, Problem 4PBChapter 5, Problem 1ACRPAChapter 5, Problem 1ACRPBChapter 5, Problem 1CPInternal control: Internal control is a process which ensures continuous reliability of...Journal entry: Journal entry is a set of economic events which can be measured in monetary terms....Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from...Journal entry: Journal entry is a set of economic events which can be measured in monetary terms....Independent contractor: An independent contractor is a person who performs service for the company...Payroll: Payroll refers to the total amount that is required to be paid by the company to its...Chapter 9, Problem 1QYChapter 9, Problem 3PAMerchandise Inventory: Merchandise is the stock of goods bought by a wholesaler, or a retailer, or a...Chapter 9, Problem 3PBChapter 9, Problem 1CPChapter 10, Problem 1QYChapter 10, Problem 1PAChapter 10, Problem 1PBChapter 10, Problem 4PBVoucher: A voucher is a pre-numbered document which indicates the authorized approval of payment for...Chapter 11, Problem 1QYChapter 11, Problem 1CPChapter 12, Problem 1QYChapter 12, Problem 4PAChapter 12, Problem 4PBChapter 12, Problem 1CPChapter 12A, Problem 1PChapter A, Problem 1PChapter B, Problem 1PChapter C, Problem 1PChapter D, Problem 1PChapter E, Problem 1P
More Editions of This Book
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College Accounting - With Quickbooks 2015 CD and Access
12th Edition
ISBN: 9781305790254
College Accounting - With CD and Access
12th Edition
ISBN: 9781133539698
College Accounting
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ISBN: 9781285735771
College Accounting: A Career Approach (with Quickbooks Accountant 2015 Cd-rom)
12th Edition
ISBN: 9781305863385
College Accounting -With CD
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College Accounting (Book Only): A Career Approach
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ISBN: 9781305084087
COLLEGE ACCOUNTING W/ ACCESS >BI<
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ISBN: 9780357531822
EBK COLLEGE ACCOUNTING: A CAREER APPROA
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ISBN: 9781337516525
Bundle: College Accounting: A Career Approach (with QuickBooks Online), Loose-leaf Version, 13th + LMS Integrated CengageNOWV2, 1 term (6 months) Printed Access
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COLLEGE ACCOUNTING LOOSELEAF AND CODE
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College Accounting
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College Accounting: A Career Approach (with Quickbooks Online), Loose-leaf Version
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ISBN: 9781337395243
Llf College Accounting Career Approach
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Working Papers with Study Guide for Scott's College Accounting: A Career Approach, 13th
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Cengagenowv2, 1 Term Printed Access Card For Scott's College Accounting: A Career Approach, 13th
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College Accounting (Book Only): A Career Approach
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CENGAGENOWV2 FOR SCOTT S COLLEGE ACCOUN
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