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Accounting Problem Instructions Refer to Accounting Question 3 Part 1.png and Accounting Question 3 Part 2.png, for Part 2, use the list of accounts below
Accounting Problem
Instructions
Refer to Accounting Question 3 Part 1.png and Accounting Question 3 Part 2.png, for Part 2, use the list of accounts below for the Journal Entries.
List of Accounts
- Accumulated Depletion
- Accumulated Depreciation - Vehicles
- Accumulated Depreciation - Buildings
- Accumulated Depreciation - Equipment
- Accumulated Depreciation - Furniture
- Accumulated Depreciation - Machinery
- Accumulated Depreciation - Vehicles
- Accumulated Impairment Losses - Building
- Accumulated Impairment Losses - Equipment
- Accumulated Impairment Losses - Land
- Accumulated Impairment Losses - Machinery
- Accumulated Impairment Losses - Mine
- Accumulated Impairment Losses - Patents
- Accumulated Impairment Losses - Vehicles
- Allowance for Loss on Write-down of Held for Sale Assets
- Asset Retirement Obligation
- Buildings
- Cash
- Common Shares
- Contribution Expense
- Cost of Goods Sold
- Deferred Revenue - Government Grants
- Depreciation Expense
- Equipment
- Exploration Expense
- Furniture
- Gain on Disposal of Vehicles
- Gain on Disposal of Building
- Gain on Disposal of Equipment
- Gain on Disposal of Furniture
- Gain on Disposal of Machinery
- Gain on Disposal of Vehicle
- Gain on Disposal of Land
- Interest Expense
- Interest Payable
- Inventory
- Investment Property
- Land
- Loss on Disposal of Vehicles
- Loss on Disposal of Building
- Loss on Disposal of Equipment
- Loss on Disposal of Machinery
- Loss on Disposal of Land
- Loss on Disposal of Vehicles
- Loss on Expropriation
- Loss on Impairment
- Loss on Write-down of Held for Sale Assets
- Machinery
- Mineral Resources
- No Entry
- Notes Payable
- Oil Property
- Recovery of Loss from Impairment
- Recovery of Loss from Write-down of Held for Sale Assets
- Repairs and Maintenance Expense
- Retained Earnings
- Revaluation Surplus (OCI)
- Revenue - Government Grants
- Royalty Expense
- Vehicles
Part 1
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