Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 8 Accounting Information System Exercise Matching For each numbered item, choose the appropriate journal and write the identifying letter Bought merchandise on accou

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 7 Merchandise Inventories and Cost of sales I. True and false Questions The inventory of a merchandising company may include manufactured products, but not

ACCOUntING hool of Business, Sun Y at-sen University Lesson 7 Merchandise Inventories and cost of sales Exercise Calculation and Analyzing Problems 1. The perpetual inventory records of LIBY HOUSEHOLD show 150 units of a particular

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 6 Accounting for Merchandising Activities Self-Test L. True and False Questions The income statement of a wholesaler includes a deduction from revenue representing the cost

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 6 Accounting for Merchandising Activities Exercise Calculation and Analysis Problems 1. OSu Co. is an office-supply store. The company uses a perpetual inventory system, records

Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 5 Completing the Accounting Cycle Self-Test Answer the following questions: 2. what is the purpose of income summary account?

Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University Lesson 5 Completing the Accounting Cycle Closing entries An adjusted trial balance for Mariposo, Inc, at December 31 appears below MARIPOSO. INC

Task Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University Lesson 4 Adjusting Accounts for Financial Statement Self-Test Answer the following questions 1. what is an accrued revenue? Give an example 2. what is the difference between the cash basis and accrual basis of

Task Team of FUNDAMENTAL ACCOUntING Lesson 4 Adjusting Accounts for Financial Statement Exercise David Company has the following information at the year-end for the preparation of adjusting Of the $10000 balance in unearned revenue. $7000 has been earned

ask Team of FUNDAMENTAL ACCOUntING hool of Business, Sun Y at-sen University L 3 Analyzing and recording Accounting transactions Self-Test Multiple choices 1. The term credit means. A. to increase