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Sounds inc trial balance may 31 20 debit credit 3 108

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SOUNDS, INC.Trial BalanceMay 31, 20__Debit Credit3-108
Chapter 03 - The Accounting Cycle: Capturing Economic Events(A)(B)3-109
Chapter 03 - The Accounting Cycle: Capturing Economic EventsAACSB: AnalyticAICPA BB: Critical ThinkingAICPA FN: MeasurementBloom's: ApplyDifficulty: MediumLearning Objective: 03-03 Understand how balance sheet accounts are increased or decreased.Topic: Debit and Credit Entries3-110
Chapter 03 - The Accounting Cycle: Capturing Economic Events130. Recording transactions journal entry gridA list of accounts for Harding Company is given below, followed by a series of transactions.Indicate the accounts that would be debited and credited in recording each transaction byplacing the appropriate number (or numbers) in the space provided.3-111
Chapter 03 - The Accounting Cycle: Capturing Economic EventsAACSB: AnalyticAICPA BB: Critical ThinkingAICPA FN: MeasurementBloom's: ApplyDifficulty: MediumLearning Objective: 03-03 Understand how balance sheet accounts are increased or decreased.Topic: Debit and Credit Entries3-112
Chapter 03 - The Accounting Cycle: Capturing Economic Events131. Listed below are accounts of Global Company, each identified by a number. Followingthis list of accounts is a series of transactions. You are to indicate for each transaction theaccounts that should be debited and credited by inserting the proper account numbers in thespace provided.3-113
Chapter 03 - The Accounting Cycle: Capturing Economic EventsAACSB: AnalyticAICPA BB: Critical ThinkingAICPA FN: MeasurementBloom's: ApplyDifficulty: MediumLearning Objective: 03-03 Understand how balance sheet accounts are increased or decreased.Topic: Debit and Credit Entries3-114
Chapter 03 - The Accounting Cycle: Capturing Economic Events132. Recording transactions in general journalEnter the following transactions in the two-column journal of Baumann Bathrooms. Include abrief explanation of the transaction as part of each journal entry.3-115
Chapter 03 - The Accounting Cycle: Capturing Economic EventsAACSB: AnalyticAICPA BB: Critical ThinkingAICPA FN: MeasurementBloom's: ApplyDifficulty: MediumLearning Objective: 03-05 Explain the purpose of a journal and its relationship to the ledger.Topic: The Journal3-116
Chapter 03 - The Accounting Cycle: Capturing Economic Events133. Recording transactions in general journalEnter the following transactions in the two-column journal of Festive Parties, Inc. Include abrief explanation of the transaction as part of each journal entry.3-117
Chapter 03 - The Accounting Cycle: Capturing Economic EventsAACSB: AnalyticAICPA BB: Critical ThinkingAICPA FN: MeasurementBloom's: ApplyDifficulty: MediumLearning Objective: 03-05 Explain the purpose of a journal and its relationship to the ledger.Topic: The Journal3-118
Chapter 03 - The Accounting Cycle: Capturing Economic Events134. Journalize and post basic transactionsPrecision Grading Co. was organized to grade construction sites.

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Term
Fall
Professor
Reem Naamani
Tags
Balance Sheet, Double entry bookkeeping system, Accounting software, economic events

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