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Required:1. Prepare all journal entries to record the information for 2011. Also, prepare any necessary adjusting entries.2. Prepare a trial balance as of December 31, 2011. There is no need to show your ledger T-accounts; however, preparing and posting to T-accounts may aid in the preparation of the trial balance.3. Prepare an income statement for the year ended December 31, 2011, and a balance sheet as of December 31, 2011.4. Prepare all journal entries to record the information for 2012. Also prepare any necessary adjusting entries.5. Prepare a trial balance as of December 31, 2012. (As you compute the amounts to include in the trial balance, don't forget the beginning balances left over from 2011.)6. Prepare an income statement for the year ended December 31, 2012, and a balance sheet as of December 31, 2012.
Sketch a flow chart that illustrates the steps in the accounting cycle. Include any other relevant information in the chart that would apply within the steps
Comment on how the company's overall performance compares to the average for its industry, pointing out any significant features, assumptions and limitations of the information used to analyse the companys performance.
mick and donald run a fast food outlet on queen street. for most of the day mick and donald are able to keep up with
journal entries for sold merchandise inventory.1.2182009 sold 600000 merchandise inventory on account.nbsp all sales
Describe why overhead cost shifted from the high-volume product to the low-volume product under activity-based costing.
What auditing standards are used by the external auditors and analyze and comment on the differences in the annual statements found on the companies' websites. Provide a few specific differences in content and format.
Computation of predetermined overheads using job order costing and At year-end the Work-in-Process Inventory controlling account showed a debit balance of $28,750.
1. the records for bosch co. show this data for 2013bullgross profit on installment sales recorded on the books was
Briefly describe when petty cash fund should be replenished. Because there is cash on hand, is there a need to replenish the fund at year end on December 31? Explain.
Below find the trial balance for Nybrostrand Company. Prepare an income statement and balance sheet in good format. After you have completed the two statements comment on the success of the company.
1. the miller company produces wiring tools. the company is presently producing well below its full capacity. the
calculation of net income amp retained earnings.calculate1net income2retained earnings based on the information below.
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