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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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SOLUTION TO EXERCISE 3-8

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    TIP: Compare situation (2) with situation (1). Notice the facts are the same except for the account debited for acquisitions of office supplies. The solution is the same except for the adjusting entry required.

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    TIP: Compare situation (4) with situation (3). Notice the facts are the same except for the account debited for acquisitions of office supplies. The solution is the same except for the adjusting entry required.

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    TIP: Compare situation (6) with situation (5). Notice the facts are the same except for the account credited for receipt of revenue in advance of the period in which the revenue is earned. The solution is the same except for the adjusting entry required.

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  • TIP: Compare situation (8) with situation (7). Notice the facts are the same except ...

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