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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 94
Recording and Reporting Current Liabilities with Evaluation of Effects on the Quick Ratio
Using data from CP10-1, complete the following requirements.
Required:
1. Prepare journal entries for each of the transactions.
2. Prepare any adjusting entries required on December 31, 2013.
3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31, 2013.
4. Complete requirement 2 of CP10-1, if you have not already done so.
Using data from CP10-1, complete the following requirements.
Required:
1. Prepare journal entries for each of the transactions.
2. Prepare any adjusting entries required on December 31, 2013.
3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31, 2013.
4. Complete requirement 2 of CP10-1, if you have not already done so.
Explanation
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(1) Prepare journal entries for each of ...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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