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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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EXERCISE 4-11

Purpose: (L.O. 7) This exercise will provide practice in determining which adjusting entries may be reversed.

The following represent adjusting entries prepared for the Office Furniture Design Company.

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Instructions

For each adjusting entry above (prepared at December 31, 2014), indicate if it would be appropriate to reverse the entry at the beginning of 2015. Indicate your answer by writing yes or no in the space provided.

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