2 solutions - E3-3. Trial Balance E3-8-A. Adjusting Entries...

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The Accounting Information  System CHAPTER  3
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E3-1. Journal Entries
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E3-1. Journal Entries
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* E3-3. Corrected Trial Balance Write Out Entries for Correction, Then Post to T-Account 1. Dr. Cash  450 (=1,830-1,380) Cr. A/R 450 1. Furniture and equipment should be capitalized Dr. Furniture and equipment 3,200 Cr. Office expense 3,200 3.  Numerical mistake for revenue account Cr. Service revenue 2,025 (2,250-225) 1. Reverse of a wrong debit (should be a credit to cash) Cr. Cash  190 (95*2) 1. Service revenue account has a calculational mistake Cr. Service revenue          80 (5,280-5,200)
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Unformatted text preview: E3-3. Trial Balance E3-8-A. Adjusting Entries E3-8-B. Reversing Entries (NOT Important, Answers are Provided Just FYI) *E3-16-A. Adjusting Entries (Do NOT be Lazy, Write Out Entries) E3-16-A. Adjusting Entries E3-16-B. Adjusted Trial Balance E3-19. Closing Entries for Winslow (Transfer to Income Summary Account First, Then Close it and Transfer Remaining Balance to RE Account) P3-3. Adjusting Entries P3-13-A&B. T-account is Easy Key is Adjusting Entry P3-13-C. Closing Entries P3-13-C. Posting to Accounts...
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This note was uploaded on 04/10/2009 for the course MANG MGCR 352 taught by Professor Zlou during the Spring '09 term at McGill.

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2 solutions - E3-3. Trial Balance E3-8-A. Adjusting Entries...

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