CH03 - CHAPTER 3 The Accounting Information System...

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Unformatted text preview: CHAPTER 3 The Accounting Information System ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems 1. Transaction identification. 1, 2, 3, 5 1, 2 1, 2, 3, 4, 21 13 2. Nominal accounts. 4, 7 3. Trial balance. 6, 13 2, 3, 4 1, 2, 7 4. Adjusting entries. 8, 14, 16, 17 3, 4, 5, 6, 7, 8, 9, 10 5, 6, 7, 8, 9, 10 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 5. Closing. 15 12 11, 12, 17 1, 3, 5, 6, 7, 8, 9, 10, 12 6. Inventory and cost of goods sold. 9, 10, 11, 12 11 12, 14, 15, 16 7. Work sheet and/or financial statements. 18 13, 18, 19, 20 1, 2, 4, 5, 9, 11, 12 8. Comprehensive accounting cycle. 1, 2, 7, 9 * 9. Cash and accrual basis. 19, 20, 21 13 22, 23, 24, 25 14, 15, 16 *10. Reversing entries. 14 26 *These topics are dealt with in two Appendices to the Chapter. 3-1 ASSIGNMENT CHARACTERISTICS TABLE 3-2 It e m Description Level of Diffic ulty Time (minu tes) E 3- 1 Transaction analysisservice company. Simpl e 15-20 E 3- 2 Corrected trial balance. Simpl e 10-15 E 3- 3 Corrected trial balance. Simpl e 15-20 E 3- 4 Corrected trial balance. Simpl e 15-20 E 3- 5 Adjusting entries. Moder ate 15-20 E 3- 6 Adjusting entries. Moder ate 15-20 E 3- 7 Analyze adjusted data. Compl ex 15-20 E 3- 8 Adjusting entries. Moder ate 10-15 E 3- 9 Adjusting entries. Moder ate 15-20 E 3- 10 Adjusting entries and trial balance. Compl ex 25-30 E 3- 11 Closing entries. Simpl e 10-15 E 3- 12 Closing entries. Moder ate 10-15 E 3- 13 Completing work sheet. Simpl e 10-15 E 3- 14 Compute missing amounts. Simpl e 10-15 E 3- 15 Find missing amountsperiodic. Moder ate 15-20 3-3 E 3- 16 Prepare cost of goods soldperiodic. Moder ate 10-15 E 3- 17 Closing entries for a corporation. Moder ate 15-20 E 3- 18 Work sheet preparation. Moder ate 15-20 E 3- 19 Work sheet and balance sheet presentation. Moder ate 20-25 E 3- 20 Partial work sheet preparation. Moder ate 15-20 E 3- 21 Transactions of a corporation including investment and dividend. Moder ate 20-25 *E 3- 22 Cash and accrual basis. Simpl e 10-15 *E 3- 23 Cash to accrual basis. Moder ate 10-15 *E 3- 24 Cash and accrual basis. Moder ate 10-15 *E 3- 25 Prepare adjusting and reversing entries. Moder ate 15-20 *E 3- 26 Closing and reversing entries. Compl ex 15-20 *E 3- 27 Adjusting and reversing entries. Compl ex 15-20 P 3- 1 Transactions, financial statementsservice company. Moder ate 25-35 P 3- 2 Adjusting entries and financial statements. Moder ate 35-40 P 3- 3 Prepare adjusting entries. Moder ate 25-30 P 3- 4 Prepare financial statements and closing entries. Moder ate 35-40 P 3- 5 3-4 P 3- 6 Prepare financial statements, adjusting and closing entries. Moder ate 40-50 P 3- 7 P 3- 8 Adjusting entries. Moder ate 15-20 P 3- 9 Adjusting entries and financial statements. Moder ate 25-30 P 3- 10 Adjusting entries and financial statements. Moder ate 25-35 P 3- 11 Adjusting entries. Moder ate 25-30 P 3- 12 Adjusting and closing. Moder ate 30-40 P 3- 13 Adjusting and closing. Moder ate 30-35 *P 3- 14 Cash and accrual basis. Moder ate 35-45 *P 3- 15 Cash and accrual basis. Compl ex 40-50 3-5 ANSWERS TO QUESTIONS...
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CH03 - CHAPTER 3 The Accounting Information System...

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