会计企业决策的基础财务会计书后大题.docVIP

3.6 Satka Fishing Expeditions ,Inc., recorded the following transactions in July ………………….. Indicate the effects that each of these transactions will have upon the following six total amounts in the company’s financial statements for the month of July. Organize your answer in tabular form, using the column headings shown, and use the code letters I for increase, D for decrease, and NE for no effect. 3.7 A number of transactions of Claypool Construction are described below in terms of accounts debited and credited. a. Indicate the effects of each transactions upon the elements of the income statement and the balance sheet. Use the code letters I for increase, D for decrease, and NE for no effect. Organize your answer in tabular form, using the column headings shown, b. Write a one-sentence description of each transaction. 3.8 Shown below are selected transactions of the architectural firm of Baxter, Claxter, and Stone, Inc. a. Prepare journal entries to record the transactions in the firm’s accounting records. b. Identify any of the above transactions that will not result in a change in the company’s net income. 3.10 Trafflet Enterprises incorporated on May 3,2009. The company engaged in the following transactions during its first month of operations: a. Prepare journal entries, including explanations, for the above transactions. b. Post each entry to the appropriate ledger accounts c. Prepare a trial balance dated May 31, 2009. Assume accounts with zero balances are not included in the trial balance. 3.11 The McMillan Corporation incorporated on September 2, 2009. The company engaged in the following transactions during its first month of operations: a. Prepare journal entries, including explanations, for the above transactions. b. Post each entry to the appropriate ledger accounts c. Prepare a trial balance dated May 30, 2009. Assume accounts with zero balances are not included in the trial balance. Exercise 5.2 Tutors for Rent, Inc., performs adjus