16-1 Application Problem Journalizing adjusting entries
A partial work sheet for Cellar Books, Inc., for the year ended December 31 is given in the Worleing Papers,
Instructions:
1. Record the appropriate adjusting entries on page 22 of the general journal provided in the Working
Papers. Use December 31 of the current year as the date.

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: