Identifying Adjustments by Scanning a Trial Balance Coach, Inc. -the maker of handbags and other women's and men's accessories-was previously owned by Sara Lee Corporation until April 2001, when Coach was spun off as a separate company. Assume the following were reported in Coach's adjusted trial balance and were used to prepare its June 28, 2010, year-end financial statements. 11eb7f6e_0120_0d87_9b93_073a72a17cef_SM1709_00 Required: 1. Based on the information in the trial balance, list two pairs of balance sheet and income statement accounts that likely required deferral adjustments as of June 28 (no computations are necessary). 2. Based on the information in the trial balance, list' two pairs of balance sheet and income statement accounts that likely required accrual adjustments as of June 28 (no computations are necessary).

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

النسخة 4الرقم المعياري الدولي: 978-0078025372

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

النسخة 4الرقم المعياري الدولي: 978-0078025372

تمرين 93

Identifying Adjustments by Scanning a Trial Balance
Coach, Inc. -the maker of handbags and other women's and men's accessories-was previously owned by Sara Lee Corporation until April 2001, when Coach was spun off as a separate company.
Assume the following were reported in Coach's adjusted trial balance and were used to prepare its June 28, 2010, year-end financial statements.

Required:
1. Based on the information in the trial balance, list two pairs of balance sheet and income statement accounts that likely required deferral adjustments as of June 28 (no computations are necessary).
2. Based on the information in the trial balance, list' two pairs of balance sheet and income statement accounts that likely required accrual adjustments as of June 28 (no computations are necessary).

التوضيح

موثّق

1.
Item which require deferred...