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

5/29/2019 Week 1 Assessment - Adjusting Entries: ACC213_2_20181210M_OL_Principles of Accounting I
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Week 1 Assessment - Adjusting Entries
Due Dec 15, 2018 at 11:59pm Points 50 Questions 18
Available Dec 10, 2018 at 12am - Dec 22, 2018 at 11:59pm
13 days
Time Limit 90 Minutes
Instructions
Due 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 completing
adjusting entries properly and financial statement preparation.
You have 90 minutes to complete the 18 questions in this assessment.
Learning Objectives Covered
1. Explain the need for adjusting entries for companies using the accrual method
2. Prepare adjusting entries for accruals and deferrals
3. Prepare the adjusted trial balance
4. Construct the income statement, statement of owners' equity and balance sheet
Be very careful to read the question. To help discourage cheating, some questions will seem just like others but the values have changed
or 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 Media
Wk 1 Introductions
Wk 1 Discussion
Wk 1 Assignment

5/29/2019 Week 1 Assessment - Adjusting Entries: ACC213_2_20181210M_OL_Principles of Accounting I
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This quiz is no longer available as the course has been concluded.
Attempt History
Attempt Time Score
LATEST Attempt 1 62 minutes 45 out of 50
Score for this quiz:
45
out of 50
Submitted Dec 14, 2018 at 1:36pm
This attempt took 62 minutes.
Wk 2 Week Two Overview
2 / 2 pts