P10-1A: On January 1, 2014, the ledger of Shumway Company
contains the following liability accounts. ............
a)
Journalize the January transactions............
b) Journalize the adjusting entries at January 31 for the
outstanding notes payable. (Hint: Use one-third of a month for the
DeKalb Bank note.) ............
c)
Prepare the current liabilities section of the balance sheet at
January 31, 2014. Assume no change in accounts payable. ............
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ACC 557 Week 7 Chapter 9 and Chapter 10 Quiz (all
possible questions)
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ACC 557 Week 7 Chapter 9 Quiz (all possible questions)
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1Multiple Choice Question 214
A company has the following assets:
Buildings and Equipment, less accumulated depreciation of
$2,000,000 $ 7,600,000