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# ch04answers - CHAPTER 4 Completion of the Accounting Cycle...

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4-1 CHAPTER 4 Completion of the Accounting Cycle ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems * 1. Prepare a work sheet. 1, 2, 3, 4, 5 1, 2, 3 1, 2, 4, 5 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B * 2. Explain the process of closing the books. 6, 7, 11, 12 4, 5, 6 3, 6, 8, 11 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B * 3. Describe the content and purpose of a post-closing trial balance. 8, 9 7 3, 6 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B * 4. State the required steps in the accounting cycle. 10, 11, 12 8 11 5A 5B * 5. Explain the approaches to preparing correcting entries. 13 9 9 6A * 6. Identify the sections of a classified balance sheet. 14, 15, 16, 17, 18, 19, 20 10 2, 7, 10 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B *7. Prepare reversing entries. 10, 21, 22 11 11 * Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix * to the chapter.

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4-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare a work sheet, financial statements, and adjusting and closing entries. Simple 40-50 2A Complete work sheet and prepare financial statements, closing entries, and post-closing trial balance. Moderate 50-60 3A Prepare financial statements, closing entries, and post- closing trial balance. Moderate 40-50 4A Complete work sheet, prepare a classified balance sheet, adjusting and closing entries, and post-closing trial balance. Moderate 50-60 5A Complete all steps in the accounting cycle. Complex 70-90 6A Analyze errors and prepare correcting entries and trial balance. Moderate 40-50 1B Prepare a work sheet, financial statements, and adjusting and closing entries. Simple 40-50 2B Complete work sheet and prepare financial statements, closing entries, and post-closing trial balance. Moderate 50-60 3B Prepare financial statements, closing entries, and post- closing trial balance. Moderate 40-50 4B Complete work sheet, prepare a classified balance sheet, adjusting and closing entries, and post-closing trial balance. Moderate 50-60 5B Complete all steps in the accounting cycle. Complex 70-90 Comprehensive Problem: Chapters 2 to 4
BLOOM'S TAXONOMY TABLE 4-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation * 1. Prepare a work sheet. BE4-1 Q4-1 Q4-2 Q4-3 Q4-4 Q4-5 BE4-3 E4-1 E4-2 P4-2A P4-3A P4-2B P4-3B BE4-2 E4-4 E4-5 P4-1A P4-4A P4-5A P4-1B P4-4B P4-5B * 2. Explain the process of closing the books. Q4-6 Q4-11 Q4-12 Q4-7 BE4-4 BE4-5 BE4-6 E4-3 E4-6 E4-8 P4-2A P4-3A P4-2B P4-3B E4-11 P4-1A P4-4A P4-5A P4-1B P4-4B P4-5B * 3. Describe the content and purpose of a post-closing trial balance. Q4-8 Q4-9 BE4-7 E4-3 E4-6 P4-2A P4-3A P4-2B P4-3B P4-1A P4-4A P4-5A P4-1B P4-4B P4-5B * 4. State the required steps in the accounting cycle.

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ch04answers - CHAPTER 4 Completion of the Accounting Cycle...

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