ch07 - CHAPTER7 CashandReceivables Topics 1 2...

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CHAPTER 7 Cash and Receivables ASSIGNMENT CLASSIFICATION TABLE Topics Questions Brief Exercises Exercises Problems Cases 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, 18, 19, 20 2, 3, 4, 5, 6, 10 1, 2, 3, 4, 5, 10, 11 3. Accounting for notes receivable. 13, 14 6, 7, 8 16, 17 8, 9, 12 6, 7, 8, 9 4. Assignment and factoring of accounts receivable. 16, 17, 18, 19 9, 10, 11, 12 11, 12, 13, 14, 15, 21 7, 11, 12, 13 6, 8 5. Analysis of receivables. 20 13 18, 19, 20 1, 12, 13 *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
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ASSIGNMENT CHARACTERISTICS TABLE 7-2
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It e m Description Level of Difficu lty Time (minut es) E 7- 1 Determining cash balance. Moder ate 10-15 E 7- 2 Determine cash balance. Moder ate 10-15 E 7- 3 Financial statement presentation of receivables. Simple 10-15 E 7- 4 Determine ending accounts receivable. Simple 10-15 E 7- 5 Record sales gross and net. Simple 15-20 E 7- 6 Recording sales transactions. Moder ate 5-10 E 7- 7 Recording bad debts. Moder ate 10-15 E 7- 8 Recording bad debts. Simple 5-10 E 7- 9 Computing bad debts and preparing journal entries. Simple 8-10 E 7- 10 Bad debt reporting. Simple 10-12 E 7- 11 Bad debts—aging. Simple 8-10 7-3
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E 7- 12 Journalizing various receivable transactions. Simple 15-20 E 7- 13 Assigned accounts receivable. Simple 10-15 E 7- 14 Journalizing various receivable transactions. Simple 15-18 E 7- 15 Transfer of receivables with recourse. Simple 10-15 E 7- 16 Transfer of receivables with recourse. Moder ate 15-20 E 7- 17 Transfer of receivables without recourse. Simple 10-15 E 7- 18 Note transactions at unrealistic interest rates. Simple 10-15 E 7- 19 Note receivable with unrealistic interest rates. Moder ate 20-25 E 7- 20 Analysis of receivables, turnover ratio. Moder ate 10-15 E 7- 21 Transfer of receivables, turnover ratio. Moder ate 10-15 *E7-22 Petty cash. Simple 5-10 *E7-23 Petty cash. Simple 10-15 *E7-24 Bank reconciliation and adjusting entries. Moder ate 15-20 *E7-25 Bank reconciliation and adjusting entries. Simple 15-20 P7-1 Determine proper cash balance. Simple 20-25 P7-2 Bad debt reporting. Moder ate 20-25 7-4
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P7-3 Bad debt reporting—aging. Moder ate 20-30 P7-4 Bad debt reporting. Moder ate 25-35 P7-5 Bad debt reporting. Moder ate 20-30 P7-6 Journalize various accounts receivable transactions. Moder ate 25-35 P7-7 Assigned accounts receivable—journal entries. Moder ate 25-30 P7-8 Notes receivable journal entries. Moder ate 30-35 P7-9 Notes receivable journal entries. Moder ate 30-35 P7-10 Comprehensive receivables problem. Compl ex 40-50 P7-11 Income effects of receivables transactions. Moder ate 20-25 *P 7- 12 Petty cash, bank reconciliation. Moder ate 20-25 *P 7- 13 Bank reconciliation and adjusting entries. Moder ate 20-30 *P 7- 14 Bank reconciliation and adjusting entries. Moder ate 20-30 7-5
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ASSIGNMENT CHARACTERISTICS TABLE (Continued) C 7- 1 Bad debt accounting. Simple 10-15 C 7- 2 Various receivable accounting issues. Simple 15-20 C 7- 3 Bad debt reporting issues. Moder ate 25-30 C 7- 4 Basic note and accounts receivable transactions. Moder ate 25-30 C 7- 5 Bad debt reporting issues.
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