Chapter%207 - CHAPTER 7 Cash and Receivables ASSIGNMENT...

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Unformatted text preview: CHAPTER 7 Cash and Receivables ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1 . Accounting for cash. 1, 2, 3, 4, 21, 22, 23, 24 1 1, 2 1 2 . Accounting for accounts receivable, bad debts, other allowances. 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 20, 22, 23, 24 2, 3, 4, 5 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 14 2, 3, 4, 5, 6 1, 2, 3, 4, 5, 10, 11 3 . Accounting for notes receivable. 14, 15, 25 6, 7 18, 19 8, 9, 10 6, 7, 8, 9 4 . Assignment and factoring of accounts receivable. 17, 18, 19 8, 9, 10, 11, 12 12, 13, 14, 15, 16, 17, 21 7, 11 4, 6, 8 5 . Analysis of receivables. 21 13 20, 21 1 *6 . Petty cash and bank reconciliations. 26 14, 15, 16 22, 23, 24, 25 12, 13, 14 *7 . Loan impairments 27, 28 17 26, 27 15 *This material is covered in an Appendix to the chapter. ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Identify items considered cash. 1 1, 2 2. Indicate how to report cash and related items. 1 3. Define receivables and identify the different types of receivables. 3, 4 6 4. Explain accounting issues related to recognition of accounts receivable. 2, 3 3, 4, 5, 6, 12 6 5. Explain accounting issues related to valuation of accounts receivable. 4, 5 7, 8, 9, 10, 11, 12, 14 2, 3, 4, 5, 6 6. Explain accounting issues related to recognition of notes receivable. 6, 7 18, 19 8, 9, 10 7. Explain accounting issues related to valuation of notes receivable. 18, 19 10 8. Explain accounting issues related to disposition of accounts and notes receivable. 8, 9, 10, 11, 12 12, 13, 14, 15, 16, 17, 21 7, 11 9. Describe how to report and analyze receivables. 13 20 11 *10. Explain common techniques employed to control cash. 14, 15, 16 22, 23, 24, 25 12, 13, 14 *11. Describe the accounting for a loan impairment. 17 26, 27 15 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E7-1 Determining cash balance. Moderate 10–15 E7-2 Determine cash balance. Moderate 10–15 E7-3 Financial statement presentation of receivables. Simple 10–15 E7-4 Determine ending accounts receivable. Simple 10–15 E7-5 Record sales gross and net. Simple 15–20 E7-6 Recording sales transactions. Moderate 5–10 E7-7 Recording bad debts. Moderate 10–15 E7-8 Recording bad debts. Simple 5–10 E7-9 Computing bad debts and preparing journal entries. Simple 8–10 E7-10 Bad-debt reporting. Simple 10–12 E7-11 Bad debts—aging. Simple 8–10 E7-12 Journalizing various receivable transactions. Simple 15–20 E7-13 Assigning accounts receivable. Simple 10–15 E7-14 Journalizing various receivable transactions. Simple 15–18 E7-15 Transfer of receivables with recourse. Simple 10–15 E7-16 Transfer of receivables with recourse. Moderate 15–20 E7-17 Transfer of receivables without recourse. Simple 10–15 E7-18 Notes transactions at unrealistic interest rates. Simple 10–15 E7-19 Note receivable with unrealistic interest rate.Note receivable with unrealistic interest rate....
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Chapter%207 - CHAPTER 7 Cash and Receivables ASSIGNMENT...

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