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Terrific Tennis Balls: A Manufacturing Inventories Exercise

Ian Dunn, Raphael Bender Bennett

商品編號:W28158
出版日期:2022/04/13
再版日期:
商品來源:
商品主題:Accounting
商品類型:
涵蓋議題:Financial accounting;Manufacturing inventories;Long lived assets;Expenses and liabilites
難易度:2 - Intro/Undergraduate
內容長度:7 頁
地域:Canada
產業:Manufacturing
事件年度:2021

The owner of a tennis ball manufacturer was reviewing the company's financial performance for its third fiscal year. The bookkeeper had already recorded the fiscal 2020 cash transactions, but may have done so incorrectly. The owner recorded the opening balances, cash receipts, and cash disbursements to calculate the unadjusted trial balances for fiscal 2020. She started with the bookkeeper’s unadjusted trial balances and planned to use the balance sheet and the list of cash receipts and disbursements, if necessary. She would have to figure out where the bookkeeper posted each entry, determine whether it required an adjustment, and adjust accordingly.

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