Home
Accounting
Back
Principles of Accounting
Back
Accounting in Action
The Recording Process
Adjusting the Accounts
Completing the Accounting Cycle
Accounting for Merchandising Operations
Inventories
Accounting Information Systems
Fraud, Internal Control, and Cash
Accounting for Receivables
Plant Assets, Natural Resources, and Intangible Assets
Current Liabilities and Payroll Accounting
Accounting for Partnerships
Corporations: Organization and Capital Stock Transactions
Corporations: Dividends, Retained Earnings, and Income Reporting
Long-Term Liabilities
Investments
Statement of Cash Flows
Managerial Accounting
Financial Statement Analysis
Job Order Costing
Process Costing
Cost Volume Profit
Budgetary Planning
Budgetary Control and Responsibility Accounting
Standard Costs and Balanced Scorecard
Incremental Analysis and Capital Budgeting
Banking
Back
Principles and Practices of Banking
Bank fund Management
Back
Statement
Measuring and Evaluating Bank Perfomance
Business Organization and Management
Mathematics
Back
Business Mathematics
Back
Sets
Equations
Indices and Surds
Arithmetic and Geometric Progressions
Logarithms
Permutations and Combinations
Integral Calculus
Differential Calculus
Coordinate Geometry
Higher Algebra
Higher Trigonometry
Coordinate Geometry
Back
The Straight Line. Polar Equations and Oblique Cordinates
Differential Calculus
Finance
Back
Managerial Finance
Back
Leverage
Introduction
Capital Budgeting
Risk Return
Long Term Finance
Statistics
Back
Business Statistics
Back
Grouping and displaying data to convey meaning: Tables and Graphs
Measures of Central Tendency and Dispersion in Frequency Distributions
Probability I: Introductory Ideas
Probability Distributions
Sampling and Sampling Distributions
Simple Regression and Correlation
Estimation
Testing Hypotheses: One Sample Tests
Testing Hypotheses: Two Sample Tests
Quality and Quality Control
Chi-Square and Analysis of Variance
Contact Us
The Recording Process
Home
Accounting
Principles of Accounting
The Recording Process
Problem-12: The Recording Process
Problem-12: The Recording Process
Selected transactions from the journal of June Feldman, Investment broker, are presented below.
Instructions
Post the transactions to T-accounts.
Prepare a trial balance at August 31, 2020.
Answer
a.
June Feldman
T-accounts
b.
June Feldman
Trial Balance
August 31, 2020
Previous article: Problem-13: The Recording Process
Prev
Next article: Problem-11: The Recording Process
Next
Problems: The Recording Process
Define debit and credit and explain their use in recording business transactions.
Read More
What are the steps in the recording process?
Read More
Describe a compound entry, and provide an example.
Read More
Explain the journal with example.
Read More
What is a ledger?
Read More
What is a trial balance?
Read More
What are the limitations of a trial balance?
Read More
What is the purpose of a trial balance?
Read More
Problem-1: The Recording Process
Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transacti...
Read More
Problem-2: The Recording Process
Emily Valley is a licensed dentist. During the first month of the operation of her business, the fol...
Read More
Problem-3: The Recording Process
Maquoketa Services was formed on May 1, 2018. The following transactions took place during the first...
Read More
Problem-4: The Recording Process
The trial balance of Avtar Sandhu Co. Shown below does not balance AVTAR SANDHU CO.Trial BalanceJun...
Read More
Problem-5: The Recording Process
The Starr Theater, owned by Meg Vargo will begin operation in March. The Starr will be unique in tha...
Read More
Problem-6: The Recording Process
Kim Yi has prepared the following list of statements about accounts: An account is an accounting ...
Read More
Problem-7: The Recording Process
Selected transactions for A. Mane, an interior decorator, in her first month of business, are as fol...
Read More
Problem-8: The Recording Process
The following information relates to Sanculi Real Estate Agency: Oct. 1 Alan Sanculi begins ...
Read More
Problem-9: The Recording Process
Marx Industries had the following transactions: Borrowed $5,000 from the bank by signing a note. ...
Read More
Problem-10: The Recording Process
Halladay Enterprises had the following selected transactions: 1 Bo Halladay invested $4,000 ...
Read More
Problem-11: The Recording Process
Teresa Alvarez has prepared the following list of statements about the general ledger: The genera...
Read More
Problem-12: The Recording Process
Selected transactions from the journal of June Feldman, Investment broker, are presented below. I...
Read More
Problem-13: The Recording Process
The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first mon...
Read More
Problem-14: The Recording Process
Presented below is the ledger for Shumway Co. Instructions Reproduce the journal entries for t...
Read More
Problem-15: The Recording Process
Selected transactions for Dianne Burke Company during its first month in business are presented belo...
Read More
Problem-16: The Recording Process
The bookkeeper for J.L. Kang Equipment Repair made a number of errors in journalizing and posting, a...
Read More
Problem-17: The Recording Process
The accounts in the ledger of Overnite Delivery Service contain the following balances on July 31, 2...
Read More
Problem-18: The Recording Process
Selected transactions for A. Mane, an interior decorator, in her first month of business, are as fol...
Read More
Problem-19: The Recording Process
Transaction data for Sanculi Real Estate Agency are presented as follows: Oct. 1 Alan Sancul...
Read More
Most Reading Solutions
Prove that the quadrilateral with vertices (2, -1), (3,4), (-2, 3) and (-3, -2) is a rhombus.
Read More
Problem-06: Probability I: Introductory Ideas
Consider a stack of nine cards, all spades, numbered 2 through 10, and a die. Give the probability f...
Read More
Problem-89: Probability I: Introductory Ideas
Airlines serve as ''flagship carriers'' in Europe, and for symbolic and strategic reasons, many have...
Read More
Problem-23: Grouping and Displaying data to convey meaning
Stock exchange listings usually contain the company name, the high and low bids, the closing price, ...
Read More
Problem-59: Probability Distribution
An inspector for the U>S> Department of Agriculture is about to visit a large meat-packing company. ...
Read More
Problem 8: Incremental Analysis and Capital Budgeting
Gruden Company produces golf discs which it normally sells to retailers for $7 each. The cost of man...
Read More
Problem-6: Job Order Costing
The gross earnings of the factory workers for Larkin Company during the month of January are $76,000...
Read More
Problem-12: The Recording Process
Selected transactions from the journal of June Feldman, Investment broker, are presented below. I...
Read More
Problem-20: Long-Term Liabilities
The adjusted trial balance for Karr Farm Corporation at the end of the current year contained the fo...
Read More
Problem-19: Inventories
Inventory data for Moath Company are presented below. Instructions Compute the cost of ending ...
Read More
Problem-58: Testing Hypotheses: One Sample Tests
What is the probability that we are rejecting a true null hypothesis when we reject the hypoth- esiz...
Read More
Problem-3: Completing the Accounting Cycle
The completed financial statement columns of the worksheet for Bray Company are shown as follows. B...
Read More
Problem-11: Sampling and Sampling Distributions
Clara Voyant, Whose job is predicting the future for her venture capital company, has just received ...
Read More
Problem-5: The Recording Process
The Starr Theater, owned by Meg Vargo will begin operation in March. The Starr will be unique in tha...
Read More
Problem-27: Long-Term Liabilities
LRNA Company issued $380,000, 7%, 10-year bonds on January 1, 2020, for $407,968. This price resulte...
Read More
Problem-20: Corporations: Dividends, Retained Earnings, and Income Reporting
The financial information is available for Plummer Corporation. The weighted-average number of sh...
Read More
Problem-33: Testing Hypotheses: Two Sample Tests
In preparation for contract-renewal negotiations, the United Manufacturing Workers surveyed its memb...
Read More
Problem-22: Long-Term Liabilities
Hatfield Corporation reports the following amounts in its 2019 financial statements: Compute the ...
Read More
Problem-17: Sampling and Sampling Distributions
Jonida Martinez, researcher for the Columbian Coffee Corporation, is interested in determining the r...
Read More
Problem-27: Chi-Square and Analysis of Variance
Three training methods were compared to see whether they led to greater productivity after training....
Read More
Problem-19: The Recording Process
Transaction data for Sanculi Real Estate Agency are presented as follows: Oct. 1 Alan Sancul...
Read More
Problem-28: The Straight Line. Polar Equations and Oblique Cordinates
Find the equation to the straight line which bisects the distance between the points (a,b) and (a',b...
Read More
What is a trial balance?
Read More
Problem-20: Accounting for Merchandising Operations
Presented below is financial information for two different companies. Instructions Determine the...
Read More
Problem-41: Probability I: Introductory Ideas
Assume that for two events A and B, P(A) = 0.80, P(A|B) = P(A), and P(C|A) = 0.85. Is this a consist...
Read More
Problem-3: The Recording Process
Maquoketa Services was formed on May 1, 2018. The following transactions took place during the first...
Read More
Problem 10: Arithmetic and Geometric Progressions
Find three numbers in G.P. such that their sum is 21 and the sum of their squares is 189
Read More
Problem-17: Adjusting the Accounts
At Sekon Company prepayments are debited to expense when paid, and unearned revenues are credited to...
Read More
Problem-02: Statement of Cash Flows
The following account balances relate to the stockholders equity accounts of Kerbs Corp. at year-end...
Read More
Problem-1: Fraud, Internal Control, and Cash
Forney Company maintains a petty cash fund for small expenditures. The following transactions occurr...
Read More
Problem-11: Plant Assets, Natural Resources and intangible Assets
Benedict Company incurred the following costs. Instructions Indicate to which account Benedict w...
Read More
Problem-1: Adjusting the Accounts
Logan Krause started her own consulting firm, Krause Consulting, on May 1, 2019. The trial balance a...
Read More
Problem-35: Measures of Central Tendency and Dispersion in Frequency Distributions
For the following frequency distributions,
Read More
Problem-69: Probability Distribution
Consider the following data about sidley and Austin, a large law firm in Chicago.
Read More
Problem-27: Probability I: Introductory Ideas
Sol O'Tarry, a prison administrator, has been reviewing the prison records on attempted escapes by i...
Read More
Problem-11: Corporations: Dividends, Retained Earnings, and Income Reporting
During 2019, Roblez Corporation had the following transactions and events Declared a cash dividend....
Read More
Problem-07: Financial Statement Analysis
An incomplete income statement and an incomplete comparative balance sheet of Deines Corporation are...
Read More
Problem-12: Corporations: Dividends, Retained Earnings, and Income Reporting
Before preparing financial statements for the current year, the chief accountant for Toso Company di...
Read More
Problem-23: Estimation
The Nebraska Cable Television authority conducted a test to determine the amount of time people spen...
Read More
Problem-11: Financial Statement Analysis
Operating data for Navarro Corporation are presented below. Instructions Prepare a schedule show...
Read More
The total cost y, for x units of a certain product consists of fixed cost and the variable cost(proportional to the number of unit produced). It is know that the total cost is Rs. 1200...
Find the linear relationship between x and y. Find the slope of the line, what does it indicate It...
Read More
If A has 32 elements, B has 42 elements and AUB has 62 elements, Indicate the number of elements in A⋂B.
Read More
How does leverage arise? Distinguish between operating leverage and financial leverage?
Read More
Problem-5: Budgetary Planning
The budget committee of Supper Company collects the following data for its san Miguel Store in prepa...
Read More
Problem-7: The Recording Process
Selected transactions for A. Mane, an interior decorator, in her first month of business, are as fol...
Read More
Business Organization and Management E508 2017/1
Mid Term 1 Question
Read More
Why do accrual basis financial statements provide more usual information than cash-basis statements?
Read More
Find the difference between simple and compound interest on $5000 invested for 4 years at 5% per annum, interest payable yearly.
Read More
Problem-28: Inventories
Information about Elsa's Boards is presented in below. Additional data regarding Elsa's sales of ...
Read More
Problem-31: Inventories
Kicks Shoe Store uses the retail inventory method for its two departments. Women's Shoe and Men's Sh...
Read More
More In
Coordinate Geometry
Probability I: Introductory Ideas
Grouping and displaying data to convey meaning: Tables and Graphs
Probability Distributions
Incremental Analysis and Capital Budgeting
Job Order Costing
The Recording Process
Long-Term Liabilities
Inventories
Testing Hypotheses: One Sample Tests
Completing the Accounting Cycle
Sampling and Sampling Distributions
Corporations: Dividends, Retained Earnings, and Income Reporting
Testing Hypotheses: Two Sample Tests
Chi-Square and Analysis of Variance
The Straight Line. Polar Equations and Oblique Cordinates
Accounting for Merchandising Operations
Arithmetic and Geometric Progressions
Adjusting the Accounts
Statement of Cash Flows
Fraud, Internal Control, and Cash
Plant Assets, Natural Resources, and Intangible Assets
Measures of Central Tendency and Dispersion in Frequency Distributions
Financial Statement Analysis
Estimation
Sets
Leverage
Budgetary Planning
Higher Trigonometry
Logarithms
© 2025 MathLearningCentre