They do not make the CD version anymore. It ended in 2011. The CD sucks and I wish that I had the web version. Here is a question from my sims:
During the course of the year 2 audit of the company, the auditor discovered the following situations that may or may not require an adjusting journal entry. Each audit finding is independent of any of the other findings. Double-click on a shaded space and select the account or accounts that would comprise the adjusting journal entry, if required, to correct the audit finding. Accounts may be used once, more than once, or not at all.
Audit finding
Adjusting journal entry
Dr.
Cr.
The bank’s confirmation reply regarding the company’s line of credit indicated that the December, year 2, interest was unpaid at year-end. Accruals for monthly interest expense have been made for 11 months in year 2 by the company.
Interest expense
Accrued liabilities
Employee overtime pay for hours worked before year-end, but paid in the following year, were not recorded in year 2.
Operating expenses
Accrued liabilities
In the last week of year 2, the company recorded revenue for services rendered to some clients in year 3.
Revenues
Accounts receivable
During year 2, a former client sued the company for inappropriate work. Legal counsel has advised that it is “reasonably possible” that the company will be assessed damages. An amount can be estimated.
Disclosure but no entry required
Disclosure but no entry required
At the end of year 2, a major customer filed for bankruptcy.
Allowance for doubtful accounts
Accounts receivable
F 80
A 86
B October
R November