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Question: The work sheet was introduced in this chapter. The work sheet is used only in a manual accounting system. Computerized accounting systems do not produce a work sheet. Instead, a trial balance is printed to make sure that the debit account balances equal the credit account balances. The trial balance is used to plan the necessary adjustments. The adjusting entries are then entered into the system using general journal entries. Once the adjusting entries have been made, another trial balance should be prepared. Although computer systems are very accurate, the new balances should be examined to determine if the correct adjusting entries were made. This can be done by checking to make sure the new balances in supplies and prepaid insurance reflect the amount of supplies on hand and the unexpired insurance.
QUICKBOOKS MASTERY PROBLEM
1. Open the Bonita Bubbles file.
2. Journalize the adjusting entries for April 30 using the general journal in your QuickBooks software to record the transactions.
3. Print a trial balance. NOTE: Although the instructions direct you to generate a balance sheet and profit and loss statement, it is not necessary to do this right now. You will do this in a later problem. However, you should generate a trial balance after the adjusting entries are recorded in order to check the accuracy of the adjusting process.
Evaluate the following two cash flow streams using the PP, ROI, NPV, and IRR. Assume a MARR of 8%. Plot a graph showing the relationship between the interest rate and the NPV. Provide an interpretation of your calculations and graph.
Sudler has 2,600 pounds of clay mix in beginning inventory and wants to have 3,000 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month?
The worksheet for Adams Company shows the following in the financial statement columns.
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sanilac county has a lease on a lawn mower for 2500 per month and .02 per minute of operation. operating costs for fuel
1.the objectives of financial reporting are met in large part by a set of financial statements. of the following which
Include a cover page with your name on it. The report should not exceed five pages (double-spaced with sufficient margins), excluding the cover page and reference list/tables. Your name should appear on the cover page only.( 4pages is fine)
Explain the role of ethics in the regulatory environment. Discuss the ways in which the regulatory environment would directly affect your role in the company in either your current role or your desired career with the organization
Need help with an assignment here is the info. Need it put into a power point presentation and the companies we are using are Tesla and comparing it to Toyota. If you have any questions let me know! Thanks. Here is the SIC number for Tesla Motors ..
During 2006, Edgemont Corporation had revenues of $230,000 and expenses-Compute the retained earnings on December 31, 2005, and 2006.
the recruitment department of a major company has 13 staff including a manager 7 recruiters and 5 administrators. the
confectioners a chain of candy stores purchases its candy in bulk from its suppliers. for a recent shipment the company
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