Chapter 2 Analyzing and Recording Transactions 8|
Examine the following transactions and identify those that create expenses for Jade Services. Prepare gen- . ,
eral journal entries to record those expense transactions and explain why the other transact
Chapter | Accounting in Business 35
Determine the missing amount from each of the separate situations a, b, and 6 below.
Using the accounting
“"3030” Excel » 8m)“
(b) 89,000 E 22000 .
.(9) 132,000 ? ., , _ , .201
Inventory costing with LIFO
Inventory costing with weighted
average perpetual P1
Check End. lnv. : $296
Inventory costing with specific
identification perpetual PI
Chapter 5 Accounting for Merchandising Operations 209
. Ownership of goods is transferred when delivered to the buyer’s place of business.
. Time period in which a cash discount is available.
. Difference between net sales and the cost of goods sold.
I60 Chapter 4 Completing the Accounting Cycle
Superscript letterA denotes assignments based on Appendix 4A.
Icon denotes assignments that involve decision making.
1 . What accounts are affected by closing entries? What accounts 1 1 . What are the charac