LarsonFFS04 - Chapter 4 Focus on Financial Statements...

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Focus on Financial Statements Online FFS 4-2 FFS 4-3 Chapter 4 Part 1 Refer to WestJet’s income statement on page I-13 in Appendix I at the end of the textbook. a. Prepare two possible adjusting entries that would have caused 2002 Guest revenues to increase. b. Prepare two possible adjusting entries that would have caused 2002 Aircraft leasing expenses to increase. Part 2 Refer to WestJet’s balance sheet on page I-12 in Appendix I at the end of the textbook. c. Prepare the possible adjusting entry that would have caused the December 31, 2002 balance in Prepaid expenses and deposits to decrease. d. Prepare a possible adjusting entry that would have caused the December 31, 2002 balance in Accounts payable and accrued liabilities to increase. The Four Seasons Hotels Inc. , with its head of±ce in Toronto, Ontario, offers hospitality services across Canada. It showed net interest income of $3,235 (thousand) on its income statement for the year ended December 31, 2002. Required
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This note was uploaded on 08/22/2009 for the course ACCT 1202 taught by Professor Carmendima during the Winter '06 term at Niagara College.

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