This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...sheet 15J in accordance with the above. LEDGER CLOSING Closing Entries Exercise l (a) Show the journal entries required to close the ledger of Miles & Jones as represented by the data given in Exercise 1, page 44. (b) Set up and close all the accounts involved. EXERCISE 2 (a) Show the journal entries required to close ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...sheet 15J in accordance with the above. LEDGER CLOSING Closing Entries Exercise l (a) Show the journal entries required to close the ledger of Miles & Jones as represented by the data given in Exercise 1, page 44. (b) Set up and close all the accounts involved. EXERCISE 2 (a) Show the journal entries required to close the ledger of Kendall & Parsons as represented by the data given in Exercise 7, page 49. (b) Set up and close all the accounts involved. EXERCISE 3 (a) Show the journal entries required to close the ledger of the National Box Co. as represented by the data given in Exercise 14, page 55. b) Set up and close all the accounts involved. Adjusting Entries 1. Referring to Exercise 4, page 47, make the journal entries required for the given inventories and adjustments preliminary to closing the ledger. 2. Referring to Exercise 19, page 60, make the journal entries required for the given inventories and adjustments preliminary to closing the ledger. 3. Show the proper journal entries for the following adjustments incident to the closing of a certain set of books: (a) Machinery costing $3000 has depreciated 10% during the year. (b) The accounts receivable show a total of $18,500. Two per cent of this amount is set aside out of profits as a provision against possible losses. (c) A number of accounts receivable amounting to $346.50 are charged off as worthless. (d) Taxes accrued, but not yet due, amount to $237.50. 4. Show the entries required in the following: (a) The net profit of a corporation is $18,765.20. The directors have declared a dividend of 6% on a capital stock of $100,000 and have agreed to carry $10,000 to the surplus account. (b) Your sales for the period just ended amount to $47,568.12 and you wish to set up a reserve for bad deb...
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Add this copy of Bookkeeping Exercises Volume 2; Advanced Bookkeeping to cart. $16.92, very good condition, Sold by Prominent Trading Company rated 4.0 out of 5 stars, ships from Hereford, HEREFORDSHIRE, UNITED KINGDOM, published 2012 by RareBooksClub. com.
