tailieunhanh - Accounting Cycle Exercises III

Following are three separate transactions that pertain to prepaid items. Evaluate each item and prepare the journal entries that would be needed for the initial recording and subsequent end-of-20X3 adjusting entry. Assume the company uses the balance sheet approach, and the initial recording is to an asset account. The company has a calendar year-end and does not make any adjusting entries prior to December 31. | Accounting Cycle Exercises III Larry M. Walther Christopher J. Skousen Larry M. Walther Christopher J. Skousen Accounting Cycle Exercises III Download free ebooks at 2 Accounting Cycle Exercises III 2010 Larry M. Walther Christopher J. Skousen Ventus Publishing ApS. All material in this publication is copyrighted and the exclusive property of Larry M. Walther or his licensors all rights reserved . ISBN 978-87-7681-630-8 Download free ebooks at