Ch 7 Answers to Int. Accounting Kieso

Ch 7 Answers to Int. Accounting Kieso - CHAPTER 7 Cash and...

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Unformatted text preview: CHAPTER 7 Cash and Receivables ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Accounting for cash. 1, 2, 3, 4, 21 1 1, 2 1 2. Accounting for accounts receivable, bad debts, other allowances. 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 2, 3, 4, 5 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 2, 3, 4, 5, 6 1, 2, 3, 4, 5, 10, 11 3. Accounting for notes receivable. 14, 15 6, 7 18, 19 8, 9, 10 6, 7, 8, 9 4. Assignment and factoring of accounts receivable. 16, 17, 18, 19 8, 9, 10, 11, 12 12, 13, 14, 15, 16, 17, 21 7, 11, 12, 13 6, 8 5. Analysis of receivables. 20 13 20, 21 1 *6. Petty cash and bank reconciliations. 22 14, 15, 16 22, 23, 24, 25 12, 13, 14 *This material is covered in an Appendix to the chapter. 7-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Bri ef Exerci ses Exerci ses Prob lems 1. Identify items considered as cash. 1 1, 2 2. Indicate how to report cash and related items. 1 3. Define receivables and identify the different types of receivables. 3, 4 6 4. Explain accounting issues related to recognition of accounts receivable. 2, 3, 4 3, 4, 5, 6, 12 6 5. Explain accounting issues related to valuation of accounts receivable. 5 7, 8, 9, 10, 11, 12 2, 3, 4, 5, 6 6. Explain accounting issues related to recognition of notes receivable. 6, 7, 8 18, 19 8, 9, 10 7. Explain accounting issues related to valuation of notes receivable. 18, 19 10 8. Explain accounting issues related to disposition of accounts and notes receivable. 9, 10, 11, 12 13, 14, 15, 16, 17, 21 7, 11 9. Describe how to report and analyze receivables. 13 20 11 *10. Explain common techniques employed to control cash. 14, 15, 16 22, 23, 24, 25 12, 13, 14 7-2 ASSIGNMENT CHARACTERISTICS TABLE 7-3 It e m Description Level of Difficu lty Time (minut es) E 7- 1 Determining cash balance. Moder ate 1015 E 7- 2 Determine cash balance. Moder ate 1015 E 7- 3 Financial statement presentation of receivables. Simple 1015 E 7- 4 Determine ending accounts receivable. Simple 1015 E 7- 5 Record sales gross and net. Simple 1520 E 7- 6 Recording sales transactions. Moder ate 510 E 7- 7 Recording bad debts. Moder ate 1015 E 7- 8 Recording bad debts. Simple 510 E 7- 9 Computing bad debts and preparing journal entries. Simple 810 E 7- 10 Bad debt reporting. Simple 1012 E 7- 11 Bad debtsaging. Simple 810 E 7- 12 Journalizing various receivable transactions. Simple 1520 E 7- 13 Assigning accounts receivable. Simple 1015 E 7- 14 Journalizing various receivable transactions. Simple 1518 7-4 E 7- 15 Transfer of receivables with recourse. Simple 1015 E 7- 16 Transfer of receivables with recourse. Moder ate 1520 E 7- 17 Transfer of receivables without recourse. Simple 1015 E 7- 18 Notes transactions at unrealistic interest rates. Simple 1015 E 7- 19 Notes receivable with unrealistic interest rate. Moder ate 2025 E 7- 20 Analysis of receivables. Moder ate 1015 E 7-...
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This note was uploaded on 05/03/2008 for the course AC 347/8 taught by Professor Seltz,kumar,hagigi during the Spring '08 term at BU.

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Ch 7 Answers to Int. Accounting Kieso - CHAPTER 7 Cash and...

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