CH02 - CHAPTER 2 The Recording Process ASSIGNMENT...

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Unformatted text preview: CHAPTER 2 The Recording Process ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises Problems Alternate Problems 1. Explain what an account is and how it helps in the recording process. 1 2. Define debits and credits and explain how they are used to record business transactions. 2, 3, 4, 5, 6, 7, 8, 9, 14 1, 2, 5 1, 3, 7, 10 1, 2, 3, 5 1, 2, 3, 5 3. Identify the basic steps in the recording process. 10, 19 4 4. Explain what a journal is and how it helps in the recording process. 11, 12, 13, 14, 16 3, 5, 6 2, 4, 6, 7, 8 1, 2, 3, 5 1, 2, 3, 5 5. Explain what a ledger is and how it helps in the recording process. 17 6. Explain what posting is and how it helps in the recording process. 15, 17 7, 8 2, 4, 5, 8 2, 3, 5 2, 3, 5 7. Prepare a trial balance and explain its purposes. 18, 20 9, 10 5, 6, 7, 8, 9, 10 2, 3, 4, 5 2, 3, 4, 5 8. Identify the key points in comparing manual and computerized accounting systems. 21, 22 2-1 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1 Journalize a series of transactions. Simple 20-30 2 Journalize transactions, post, and prepare a trial balance. Simple 30-40 3 Journalize transactions, post, and prepare a trial balance. Moderate 40-50 4 Prepare a correct trial balance. Moderate 30-40 5 Journalize transactions, post, and prepare a trial balance. Moderate 40-50 1A Journalize a series of transactions. Simple 20-30 2A Journalize transactions, post, and prepare a trial balance. Simple 30-40 3A Journalize transactions, post, and prepare a trial balance. Moderate 40-50 4A Prepare a correct trial balance. Moderate 30-40 5A Journalize transactions, post, and prepare a trial balance. Moderate 40-50 Correlation Chart between Bloom's Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehe nsion Applic ation Analysi s 1. Explain what an account is and how it helps in the recording process. Q2-1 2. Define debits and credits and explain how they are used to record business transactions. Q2-2 Q2-3 Q2-4 Q2-5 Q2-6 Q2-7 Q2-8 Q2-9 Q2-14 BE2-1 BE2-2 E2-1 E2-3 E2-10 P2-1 P2-2 P2-3 P2-5 P2-1A P2-2A P2-3A P2-5A 3. Identify the basic steps in the recording process. Q2-10 Q2-19 BE2-4 4. Explain what a journal is and how it helps in the recording process. Q2-12 Q2-11 Q2-13 Q2-14 BE2-5 Q2-16 BE2-3 BE2-6 E2-2 E2-4 E2-6 E2-7 E2-8 P2-1 P2-2 P2-3 P2-5 P2-1A P2-2A P2-3A P2-5A 5. Explain what a ledger is and how it helps in the recording process. Q2-17 6. Explain what posting is and how it helps in the recording process. Q2-15 Q2-17 BE2-7 BE2-8 E2-2 E2-5 E2-8 P2-2 P2-3 P2-5 P2-2A P2-3A P2-5A 7. Prepare a trial balance and explain its purposes....
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This note was uploaded on 04/20/2010 for the course ACC 363 $21 taught by Professor Mr.someone during the Spring '06 term at University of Phoenix.

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CH02 - CHAPTER 2 The Recording Process ASSIGNMENT...

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