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Terrific Tennis Balls: A Manufacturing Inventories Exercise
Ian Dunn, Raphael Bender BennettExercise IVEY-W28158-EAccounting and ControlThe owner of a tennis ball manufacturer was reviewing the company's financial performance for its third fiscal year. The bookkeeper had already recorded the fiscal 2020 cash transactions, but may have done so incorrectly. The owner recorded the opening balances, cash receipts, and cash disbursements to calculate the unadjusted trial balances for fiscal 2020. She started with the bookkeeper’s unadjusted trial balances and planned to use the balanc...Starting at €8.20