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Accounting Cycle Exercises IV

Alberto Condor has an eye for quality. He recently formed an art gallery where he allows artists to display their artwork for sale. Customers buy the artwork through the gallery, but payments are actually made payable directly to the originating artist. Artists, in turn, pay Albert a 20% commission that is appropriately reflected as revenue of the gallery. Following is Albert’s trial balance after the first year of operation. This trial balance does not reflect the adjustments that are necessary, as described by the additional infomation | bookboon.com Accounting Cycle Exercises IV Larry M. Walther Christopher J. Skousen Download free books at bookboon.com Larry M. Walther Christopher J. Skousen Accounting Cycle Exercises IV Download free ebooks at bookboon.com 2 Accounting Cycle Exercises IV 2010 Larry M. Walther Christopher J. Skousen Ventus Publishing ApS. All material in this publication is copyrighted and the exclusive property of Larry M. Walther or his licensors all rights reserved . ISBN 978-87-7681-644-5 Download free ebooks at bookboon.com