AutoSave O OFF A A ) . G G ... ghizlane henoud final exam - Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout ? Tell me Share Editing Comments Times New... ~ 10.5 ~ A" A Aa A b A A AaBbCcDdEe AABBC AaBbCc Paste BIUab X x ALAA Emphasis Heading 1 Heading 2 Styles Dictate Sensitivity Editor Pane Assets = Liabilities + Equity Revenues Expenses = Net Earnings Cash Flow A Assets = Liabilities + Equity Revenues - Expenses = Net Earnings Cash Flow 5 Assets = Liabilities + Equity Revenues - Expenses = Net Earnings Cash Flow 6 Page 12 of 16 2757 words English (United States E Focus + 180%AutoSave O OFF A A ) . G G ... ghizlane henoud final exam - Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout ? Tell me Share Editing Comments Times New... ~ 10.5 ~ A" A Aa A b A A AaBbCcDdEe AABBC AaBbCc Paste BIUvab X x|ALA AE Emphasis Heading 1 Heading 2 Styles Dictate Sensitivity Editor Pane WRITTING TEST PAPER Assets = Liabilities + Equity Revenues - Expenses = Net Earnings Cash Flow VI .Preparing closing entries from a trial balance and financial Statement (24') Presented below is the December 31, 2021, pre-closing trial balance for the Crozier Company. The accounts are intentionally presented in a random order. Account Debits Credits Unearned revenue 6,000 Accounts receivable 23,000 Page 13 of 16 2757 words x English (United States) Focus + 180%AutoSave O OFF A A ) . G G ... ghizlane henoud final exam - Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout ? Tell me Share Editing Comments Times New... ~ 10.5 ~ A" A Aa A b A A AaBb CcDdEe AABBC AaBbCc Paste BIUvab X x ALAA Emphasis Heading 1 Heading 2 Styles Dictate Sensitivity Editor Pane V. Recording merchandising transactions using FSETs and journal entries (2'x7=14' ) The following are some of the events that occurred at the Hannover Co. During 2016: 1. Purchased inventory for $85,000, on account. 2. Some of the goods purchased were slightly defective. The supplier granted Hannover a $8000 allowance. 3. Sold merchandise inventory for $50,000 cash. The cost of these goods to Hannover was $39,000. 4. Purchased inventory for $52,000, cash. 5. Sold merchandise inventory for $37,000 on account. The cost of these goods to Hannover was $23,000. 6. Merchandise that had been sold to a customer for $3,000 was returned to Hannover. These goods had been sold on account and had not been paid for when they were returned. The returned goods had cost Hannover $2,400. 7. A customer called to complain about the quality of goods Hannover had sold it for $1,000. The customer agreed not to return the goods if Hannover granted a sales allowance of $100, which Hannover agreed to do. These goods had been sold for cash, so the allowance was in the form of a cash refund. Required Show how each of these transactions would affect Hannover Co.'s financial statements using the FSETs provided below. Use brackets, (), to indicate amounts being subtracted. Below the FSET for each transaction, prepare the corresponding journal entry. Ascate Tinbilition + Equity Davannoe Evnanear - Nat Earnings Cach Flour Page 11 of 16 2757 words DE English (United States) Focus + 180%AutoSave O OFF A A ) . G G ... ghizlane henoud final exam - Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout ? Tell me Share Editing Comments Times New... ~ 10.5 ~ A" A Aav A b A A SEVERAL AaBbCcDdEe AABBC AaBbCc Paste BIUvab X x|ALAA@ Emphasis Heading 1 Heading 2 Styles Dictate Sensitivity Editor Pane Required Show how each of these transactions would affect Hannover Co.'s financial statements using the FSETs provided below. Use brackets, (), to indicate amounts being subtracted. Below the FSET for each transaction, prepare the corresponding journal entry. Assets = Liabilities + Equity Revenues - Expenses = Net Earnings Cash Flow Assets = Liabilities + Equity Revenues - Expenses = Net Earnings Cash Flow HANGSU UNIVERSITY 11 Page 11 of 16 2757 words English (United States) Focus E + 180%AutoSave O OFF A A ) . G G ... ghizlane henoud final exam - Compatibility Mode Home Insert Draw Design Layout References Mailings Review View Table Design Layout ? Tell me Share Editing Comments Times New... ~ 10.5 ~ A" A Aa A b A A AaBbCcDdEe AABBC AaBbCc Paste BIUabX x|ALAA Emphasis Heading 1 Heading 2 Styles Dictate Sensitivity Editor Pane WRITTING TEST PAPER N Assets = Liabilities + Equity Revenues - Expenses = Net Earnings Cash Flow 3 Page 11 of 16 2757 words English (United States) Focus + 180%