Week 1 Assessment - Adjusting Entries_ ACC213_2_20181210M_OL_Principles of Accounting I.pdf

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5/29/2019Week 1 Assessment - Adjusting Entries: ACC213_2_20181210M_OL_Principles of Accounting I1/12Week 1 Assessment - Adjusting EntriesDueDec 15, 2018 at 11:59pmPoints50Questions18AvailableDec 10, 2018 at 12am - Dec 22, 2018 at 11:59pm13 daysTime Limit90 MinutesInstructionsDue by Saturday, 11:59 p.m. (MT) end of Week 1 (50 pts)This assessment covers key concepts from week 1 including adjusting entries, journal entries, the consequences of not completingadjusting entries properly and financial statement preparation.You have 90 minutes to complete the 18 questions in this assessment.Learning Objectives Covered1. Explain the need for adjusting entries for companies using the accrual method2. Prepare adjusting entries for accruals and deferrals3. Prepare the adjusted trial balance4. Construct the income statement, statement of owners' equity and balance sheetBe very careful to read the question. To help discourage cheating, some questions will seem just like others but the values have changedor what is asked for is changed. Be sure you know what the question is asking for and the values to use.Please proceed to the remaining items for week one or begin week two when you are ready:Course MediaWk 1 IntroductionsWk 1 DiscussionWk 1 Assignment
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/Intermediate-Accounting-Reporting-and-Analysis-3rd-Edition-9781337788281-780/
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Chapter 7 / Exercise 7-15
Intermediate Accounting: Reporting and Analysis
Jones/Wahlen
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5/29/2019Week 1 Assessment - Adjusting Entries: ACC213_2_20181210M_OL_Principles of Accounting I2/12This quiz is no longer available as the course has been concluded.Attempt HistoryAttemptTimeScoreLATESTAttempt 162 minutes45 out of 50Score for this quiz:45out of 50Submitted Dec 14, 2018 at 1:36pmThis attempt took 62 minutes.Wk 2 Week Two Overview2 / 2 pts

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Term
Winter
Professor
Mr. Jim Dederer
Tags
Accounting, Balance Sheet, Income Statement, Generally Accepted Accounting Principles, Double entry bookkeeping system, Owner s Equity
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Intermediate Accounting: Reporting and Analysis
The document you are viewing contains questions related to this textbook.
Chapter 7 / Exercise 7-15
Intermediate Accounting: Reporting and Analysis
Jones/Wahlen
Expert Verified

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