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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 14
Using adjusting journal entries and computing financial statement amounts
The adjusted trial balances of Superior International, Inc., at August 31, 2012, and August 31, 2011, include the following amounts:
Analysis of the accounts at Ausust 31, 2012, reveals the following transactions for the fiscal year ending in 2012:
Requirement
1. Compute the amount of Supplies expense, Salary expense, and Service revenue to report on the Superior International income statement for 2012.
The adjusted trial balances of Superior International, Inc., at August 31, 2012, and August 31, 2011, include the following amounts:
Analysis of the accounts at Ausust 31, 2012, reveals the following transactions for the fiscal year ending in 2012:
Requirement
1. Compute the amount of Supplies expense, Salary expense, and Service revenue to report on the Superior International income statement for 2012.
Explanation
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Journalizing is the chronological accoun...
Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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