Financial Analysis Examples
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This post contains a formatted MS Excel spreadsheet containing a financial analysis for the Gleason Company, as well as the Easton Company.
See the attached file.
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Solution Summary
This post contains a formatted MS Excel spreadsheet containing a financial analysis for the Gleason Company, as well as the Easton Company.
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For your convenience, I have attached a formatted MS Excel spreadsheet containing the text below.
BE 3-3 - Prepare adjusting entry for supplies
(SO 5)
Gleason Advertising Company's trial balance at December 31 shows
Advertising Supplies $6,700 and Advertising Supplies Expense $0.
On December 31, there are $1,700 of supplies on hand. Prepare
the adjusting entry at December 31, and using T accounts, enter the
balances in the accounts, post the adjusting entry, and indicate the
adjusted balance in each account.
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