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11 many other transactions were recorded during the

  • Emory University
  • ACT 612
  • lfiona520
  • 16
  • 89% (18) 16 out of 18 people found this document helpful

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11. Many other transactions were recorded during the year. They are summarized inattempt to interpret individual entries as many involve offsetting debits and creditsare net figures.
Rocky Mountain Chocolate Factory, Inc.Journal Entries (amounts in thousands)No.AccountsDebitsCredits
Rocky Mountain Chocolate Factory, Inc.Journal Entries (amounts in thousands)No.AccountsDebitsCredits
ccount” meannal “Account Pas relate to theow, assume th
Statement of Cash Flow ClassificationsNo.Transaction1Record inventory purchases on account2Record factory salaries incurred3Record sales4Paid suppliers5Collect receivables6Record expneses incurred7Paid accrued wages8Received franchise fees in advance9Acquired PP&E for cash10Record dividends declared and dividends paid11Record other transactions12Adjust inventories to physical count13Record depreciation & amortization14Record accrued salaries15Consultant's report on brand name
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