Questions for financial accounting prelim_ProblemSet

Questions for financial accounting prelim_ProblemSet - cash...

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Questions for financial accounting prelim 1. where do contra-asset accounts go on balance sheets? What about contra-revenue accounts? a. Are they credit or debit balance 2. Converting I/S to FIFO (358) 3. Do you need a journal entry for chapter 7 supplement B when Purchases paid for within the discount period reduce the Inventory account for the amount of the
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Unformatted text preview: cash discount received? 4. MC for chapter 6 in book a. 1,3,4, 5. mini-exercises for 6: 1,5,7, m6-9 6. exercise for chapter 6 E 6-6 7. MC number 6 and 7 8. TF 7,8 9. MC for chapter 7 in book: 1, 2, 4, 8 10. TF chapter 7 23 11. MC for chapter 8 in book 6,7,8, 10...
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