hw solns ch 5 - CHAPTER 5 ACCOUNTING FOR MERCHANDISING...

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Unformatted text preview: CHAPTER 5 ACCOUNTING FOR MERCHANDISING BUSINESSES QUESTION INFORMATION Number Objective Description Difficulty Time AACSB AICPA SS GL EO5-1 5-1 Easy 5 min Analytic FN-Measurement EO5-2 5-1 Easy 5 min Analytic FN-Measurement EO5-3 5-2 Easy 5 min Analytic FN-Measurement EO5-4 5-2 Easy 5 min Analytic FN-Measurement EO5-5 5-2 Easy 5 min Analytic FN-Measurement EO5-6 5-2 Easy 5 min Analytic FN-Measurement EO5-7 5-2 Easy 5 min Analytic FN-Measurement EO5-8 5-3 Easy 5 min Analytic FN-Measurement EO5-9 5-3 Easy 5 min Analytic FN-Measurement EO5-10 5-3 Easy 5 min Analytic FN-Measurement EO5-11 5-3 Easy 5 min Analytic FN-Measurement EO5-12 5-3 Easy 5 min Analytic FN-Measurement EO5-13 5-3 Easy 5 min Analytic FN-Measurement EO5-14 5-3 Easy 5 min Analytic FN-Measurement EO5-15 5-4 Easy 5 min Analytic FN-Measurement PE5-1A 5-1 Determine gross profit Easy 5 min Analytic FN-Measurement PE5-1B 5-1 Determine gross profit Easy 5 min Analytic FN-Measurement PE5-2A 5-2 Computing cost of merchandise sold Easy 5 min Analytic FN-Measurement PE5-2B 5-2 Computing cost of merchandise sold Easy 5 min Analytic FN-Measurement PE5-3A 5-3 Entries for sales transactions Easy 5 min Analytic FN-Measurement PE5-3B 5-3 Entries for sales transactions Easy 5 min Analytic FN-Measurement PE5-4A 5-3 Purchase transactions Easy 5 min Analytic FN-Measurement PE5-4B 5-3 Purchase transactions Easy 5 min Analytic FN-Measurement PE5-5A 5-3 Payments under dif- ferent transportation terms Easy 5 min Analytic FN-Measurement PE5-5B 5-3 Payments under dif- ferent transportation terms Easy 5 min Analytic FN-Measurement PE5-6A 5-3 Recording transac- tions for buyer and seller Easy 5 min Analytic FN-Measurement PE5-6B 5-3 Recording transac- tions for buyer and seller Easy 5 min Analytic FN-Measurement PE5-7A 5-4 Entry for inventory shrinkage Easy 5 min Analytic FN-Measurement PE5-7B 5-4 Entry for inventory shrinkage Easy 5 min Analytic FN-Measurement Ex5-1 5-1 Determining gross profit Easy 5 min Analytic FN-Measurement Ex5-2 5-1 Determining cost of merchandise sold Easy 5 min Analytic FN-Measurement Ex5-3 5-2 Identify items missing in determining cost of merchandise sold Moderate 10 min Analytic FN-Measurement Ex5-4 5-2 Cost of merchandise Moderate 10 min Analytic FN-Measurement 307 Number Objective Description Difficulty Time AACSB AICPA SS GL sold and related items Ex5-5 5-2 Cost of merchandise sold Moderate 15 min Analytic FN-Measurement Ex5-6 5-2 Income statement of merchandiser Easy 5 min Analytic FN-Measurement Ex5-7 5-2 Income statement of merchandiser Easy 5 min Analytic FN-Measurement Ex5-8 5-2 Single-step income statement Easy 10 min Analytic FN-Measurement Ex5-9 5-2 Multiple-step income statement Moderate 15 min Analytic FN-Measurement Ex5-10 5-2 Determining amounts for items omitted from income statement Moderate 15 min Analytic FN-Measurement Ex5-11 5-2 Multiple-step income statement Moderate 30 min Analytic FN-Measurement Ex5-12 5-3 Chart of accounts Easy 20 min Analytic FN-Measurement Ex5-13...
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This note was uploaded on 03/29/2010 for the course ACCT 2401 taught by Professor Everett during the Spring '10 term at East Carolina University .

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hw solns ch 5 - CHAPTER 5 ACCOUNTING FOR MERCHANDISING...

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