ch03 - 3-1CHAPTER 3The Accounting Information...

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Unformatted text preview: 3-1CHAPTER 3The Accounting Information SystemASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)TopicsQuestionsBriefExercisesExercisesProblems1.Transaction identification.1, 2, 3, 51, 21, 2, 3, 4, 1912.Nominal accounts.4, 73.Trial balance.6, 132, 3, 41, 2, 74.Adjusting entries.8, 14, 16, 173, 4, 5, 6, 7,8, 9, 105, 6, 7, 8,9, 10, 221, 2, 3, 4, 5, 6,7, 8, 9, 115.Financial statements11, 12, 25, 261, 2, 4, 66.Closing.151213, 14, 181, 4, 8, 9, 117.Inventory and costof goods sold.9, 10, 11, 121112, 14, 15, 168.Comprehensiveaccounting cycle.1, 2, 6, 11*9.Cash vs. Accrual Basis18, 19, 201320, 2110*10.Reversing entries.211422*11.Worksheet2223, 24, 2511*These topics are dealt with in the Appendix to the Chapter.3-2ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)Learning ObjectivesBriefExercisesExercisesProblems1.Understand basic accounting terminology.2.Explain double-entry rules.3.Identify steps in accounting cycle.4.Record transactions in journals, post to ledgeraccounts, and prepare a trial balance.1, 2, 3, 4,5, 6, 71, 2, 3, 4, 191, 4, 8, 95.Explain the reasons for preparing adjustingentries.3, 4, 5, 6,7, 8, 9, 105, 6, 7, 8,9, 10, 222, 3, 4, 5, 6,7, 8, 9, 116.Prepare financial statements from the adjustedtrail balance.11, 121, 2, 4, 6,7, 8, 9, 117.Prepare closing entries.1213, 14, 181, 4, 8, 9, 118.Explain how to adjust inventory accountsat year-end.1115, 16, 17*9.Differentiate the cash basis of accounting fromthe accrual basis of accounting.1320, 2110*10.Identify adjusting entries that may be reversed.1422*11.Prepare a 10-column worksheet.23, 24, 2511*These topics are dealt with in the Appendix to the Chapter.3-3ASSIGNMENT CHARACTERISTICS TABLEItemDescriptionLevel ofDifficultyTime(minutes)E3-1Transaction analysisservice company.Simple1520E3-2Corrected trial balance.Simple1015E3-3Corrected trial balance.Simple1520E3-4Corrected trial balance.Simple1015E3-5Adjusting entries.Moderate1015E3-6Adjusting entries.Moderate1520E3-7Analyze adjusted data.Complex1520E3-8Adjusting entries.Moderate1015E3-9Adjusting entries.Moderate1520E3-10Adjusting entries.Complex2530E3-11Prepare financial statements.Moderate2025E3-12Prepare financial statements.Moderate2025E3-13Closing entries.Simple1015E3-14Closing entries.Moderate1015E3-15Missing amounts.Simple1015E3-16Find missing amountsperiodic inventory.Moderate2025E3-17Cost of goods soldperiodic inventory.Moderate1015E3-18Closing entries for a corporation.Moderate1015E3-19Transactions of a corporation, including investmentand dividend.Moderate1015*E3-20Cash to accrual basis.Moderate1520*E3-21Cash to accrual basis.Moderate1015*E3-22Adjusting and reversing entries.Complex2025*E3-23Worksheet.Simple1015*E3-24Worksheet and balance sheet presentation.Moderate2025*E3-25Partial worksheet preparation.Moderate1015P3-1Transactions, financial statementsservice company.Moderate2535P3-2Adjusting entries and financial statements.Moderate3540P3-3Adjusting entries.Adjusting entries....
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This note was uploaded on 09/24/2008 for the course UGBA 120a taught by Professor Cerf during the Summer '08 term at University of California, Berkeley.

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ch03 - 3-1CHAPTER 3The Accounting Information...

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