ch03 - CHAPTER 3 Adjusting the Accounts ASSIGNMENT...

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3-1 CHAPTER 3 Adjusting the Accounts ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems * 1. Explain the time period assumption. 11 * 2. Explain the accrual basis of accounting. 2, 3, 4, 5 2, 3, 10 * 3. Explain the reasons for adjusting entries. 6, 7 1 * 4. Identify the major types of adjusting entries. 8, 18 2, 8 4, 6, 11 * 5. Prepare adjusting entries for deferrals. 8, 9, 10, 11, 12, 13, 18, 19, 20 3, 4, 5, 6 5, 6, 7, 8, 9, 10, 11, 12, 13, 15 1A, 2A, 3A, 4A, 5A, 6A 1B, 2B, 3B, 4B, 5B * 6. Prepare adjusting entries for accruals. 8, 14, 15, 16, 17, 18, 19, 20 7 5, 6, 7, 8, 9, 10, 11, 12, 13, 15 1A, 2A, 3A, 4A, 5A, 6A 1B, 2B, 3B, 4B, 5B * 7. Describe the nature and purpose of an adjusted trial balance. 21 9, 10 10, 11, 12, 13, 14 1A, 2A, 3A, 5A, 6A 1B, 2B, 3B, 5B *8. Prepare adjusting entries for the alternative treatment of deferrals. 22 11 16, 17 6A * Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter.
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3-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare adjusting entries, post to ledger accounts, and prepare an adjusted trial balance. Simple 40–50 2A Prepare adjusting entries, post, and prepare adjusted trial balance and financial statements. Simple 50–60 3A Prepare adjusting entries and financial statements. Moderate 40–50 4A Prepare adjusting entries. Moderate 30–40 5A Journalize transactions and follow through accounting cycle to preparation of financial statements. Moderate 60–70 *6A * Prepare adjusting entries, adjusted trial balance, and financial statements using appendix. Moderate 40–50 1B Prepare adjusting entries, post to ledger accounts, and prepare an adjusted trial balance. Simple 40–50 2B Prepare adjusting entries, post, and prepare adjusted trial balance and financial statements. Simple 50–60 3B Prepare adjusting entries and financial statements. Moderate 40–50 4B Prepare adjusting entries. Moderate 30–40 5B Journalize transactions and follow through accounting cycle to preparation of financial statements. Moderate 60–70
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BLOOM’S TAXONOMY TABLE 3-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation * 1. Explain the time period assumption. Q3-1 E3-1 2. Explain the accrual basis of accounting. Q3-2 Q3-3 Q3-4 Q3-5 E3-3 E3-10 E3-2 3. Explain the reasons for adjusting entries. Q3-6 Q3-7 BE3-1 4. Identify the major types of adjusting entries. Q3-8 Q3-18 BE3-2 BE3-8 E3-4 E3-6 E3-11 5. Prepare adjusting entries for deferrals. Q3-9 Q3-10 Q3-11 Q3-12 Q3-13 Q3-19 Q3-20 BE3-3 BE3-4 BE3-5 BE3-6 E3-5 E3-7 E3-8 E3-9 E3-12 E3-13 E3-15 P3-1A P3-2A P3-3A P3-4A P3-5A P3-6A P3-1B P3-2B P3-3B P3-4B P3-5B 6. Prepare adjusting entries for accruals. Q3-14 Q3-15 Q3-17 Q3-16 BE3-7 7. Describe the nature and purpose of an adjusted trial balance. Q3-21 BE3-9 BE3-10 E3-14 *8. Prepare adjusting entries for the alternative treatment of deferrals. Q3-22 BE3-11 E3-16 E3-17 Broadening Your Perspective Communication Financial Reporting Comparative Analysis
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This note was uploaded on 04/15/2010 for the course ACCOUNTING 1234 taught by Professor Ahmed during the Spring '10 term at Abu Dhabi University.

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ch03 - CHAPTER 3 Adjusting the Accounts ASSIGNMENT...

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