ch04 - CHAPTER 4 Completion of the Accounting Cycle...

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4-1 CHAPTER 4 Completion of the Accounting Cycle ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems * 1. Prepare a work sheet. 1, 2, 3, 4, 5 1, 2, 3 1, 2, 4, 5 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B * 2. Explain the process of closing the books. 6, 7, 11, 12 4, 5, 6 3, 6, 8, 11 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B * 3. Describe the content and purpose of a post-closing trial balance. 8, 9 7 3, 6 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B * 4. State the required steps in the accounting cycle. 10, 11, 12 8 11 5A 5B * 5. Explain the approaches to preparing correcting entries. 13 9 9 6A * 6. Identify the sections of a classified balance sheet. 14, 15, 16, 17, 18, 19, 20 10 2, 7, 10 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B *7. Prepare reversing entries. 10, 21, 22 11 11 * Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix * to the chapter.
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4-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare a work sheet, financial statements, and adjusting and closing entries. Simple 40 50 2A Complete work sheet and prepare financial statements, closing entries, and post-closing trial balance. Moderate 50 60 3A Prepare financial statements, closing entries, and post- closing trial balance. Moderate 40 50 4A Complete work sheet; prepare a classified balance sheet, adjusting and closing entries, and post-closing trial balance. Moderate 50 60 5A Complete all steps in the accounting cycle. Complex 70 90 6A Analyze errors and prepare correcting entries and trial balance. Moderate 40 50 1B Prepare a work sheet, financial statements, and adjusting and closing entries. Simple 40 50 2B Complete work sheet and prepare financial statements, closing entries, and post-closing trial balance. Moderate 50 60 3B Prepare financial statements, closing entries, and post- closing trial balance. Moderate 40 50 4B Complete work sheet; prepare a classified balance sheet, adjusting and closing entries, and post-closing trial balance. Moderate 50 60 5B Complete all steps in the accounting cycle. Complex 70 90 Comprehensive Problem: Chapters 2 to 4
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BLOOM'S TAXONOMY TABLE 4-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation * 1. Prepare a work sheet. BE4-1 Q4-1 Q4-2 Q4-3 Q4-4 Q4-5 BE4-3 E4-1 E4-2 P4-2A P4-3A P4-2B P4-3B BE4-2 E4-4 E4-5 P4-1A P4-4A P4-5A P4-1B P4-4B P4-5B 2. Explain the process of closing the books. Q4-6 Q4-11 Q4-12 Q4-7 BE4-4 BE4-5 BE4-6 E4-3 E4-6 E4-8 E4-11 3. Describe the content and purpose of a post-closing trial balance. Q4-8 Q4-9 BE4-7 4. State the required steps in the accounting cycle. BE4-8 Q4-10 5. Explain the approaches to preparing correcting entries. Q4-13 BE4-9 E4-9 P4-6A 6. Identify the sections of a clas- sified balance sheet. Q4-14 Q4-15 Q4-16 Q4-17 Q4-18 Q4-19 Q4-20 BE4-10 E4-7 E4-10 *7. Prepare reversing entries. Q4-21 Q4-22 BE4-11 Broadening Your Perspective Communication Exploring the Web Research Case Cookie Chronicle
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ch04 - CHAPTER 4 Completion of the Accounting Cycle...

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