Ch07 - CHAPTER 7 CASH AND RECEIVABLES ASSIGNMENT...

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Unformatted text preview: CHAPTER 7 CASH AND RECEIVABLES ASSIGNMENT CLASSIFICATION TABLE Topics Brief Exercises Exercises Problems Writing Assignments 1 Accounting for cash and financial assets. 1 1, 2 1 1 2 Accounting for accounts receivable, sales discounts, and other allowances. 2, 3, 4, 5 3, 4, 5, 6, 7 3 Bad debts and allowance for doubtful accounts. 6, 7 8, 9, 10, 11, 12, 13 2, 3, 4, 5, 6, 12, 13 2, 4 4 Accounting for notes receivable. 8, 9, 10, 11, 12 14, 15, 16 7, 8, 9, 10 3 5 Assignment and factoring of accounts receivable. 12, 13, 14, 15 7, 17, 18, 19, 20 10, 11, 13 6 Analysis of receivables. 16, 17 21, 22 1, 10, 12, 13 7 Petty cash and bank reconciliations.* 18, 19, 20, 21 23, 24, 25, 26 14, 15, 16, 17 *This material is covered in an Appendix to the chapter. 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 Record sales gross and net. Simple 15-20 E7-7 Journalizing various receivable transactions including factoring. Simple 15-20 E7-8 Bad debts recording. Simple 5-10 E7-9 Summary entries for accounts receivables. Moderate 15-20 E7-10 Calculating allowance for doubtful accounts. Simple 5-10 E7-11 Bad debt reporting. Simple 10-15 E7-12 Calculating bad debts and preparing journal entries. Simple 10-15 E7-13 Bad debtsaging. Simple 10-15 E7-14 Interest bearing and noninterest bearing notes. Moderate 20-25 E7-15 Notes receivable with zero or low interest rates. Moderate 30-35 E7-16 Notes receivable with zero interest rate. Moderate 15-20 E7-17 Assigned accounts receivable. Simple 10-15 E7-18 Transfer of receivables with recourse. Simple 10-15 E7-19 Transfer of receivables with recourse. Moderate 15-20 E7-20 Securitization transaction Moderate 15-20 E7-21 Determine receivables balance, turnover ratio. Moderate 10-15 E7-22 Accounts receivable turnover ratio Moderate 10-15 *E7-23 Petty cash. Simple 5-10 *E7-24 Petty cash. Simple 10-15 *E7-25 Bank reconciliation and adjusting entries. Moderate 15-20 *E7-26 Bank reconciliation and adjusting entries. Simple 15-20 ASSIGNMENT CHARACTERISTICS TABLE (CONTINUED) Item Description Level of Difficulty Time (minutes) P7-1 Determine proper cash balance. Simple 20-25 P7-2 Bad debt reporting. Moderate 20-25 P7-3 Bad debt reportingaging. Moderate 20-30 P7-4 Bad debt reporting. Moderate 25-35 P7-5 Bad debt reporting. Complex 25-35 P7-6 Journalize various accounts receivable transactions. Simple 20-25 P7-7 Notes receivable journal entries. Moderate 20-30 P7-8 Instalment note receivable. Moderate 30-35 P7-9 Several notes receivable. Complex 40-50 P7-10 Comprehensive receivables. Moderate 25-35 P7-11 Comprehensive receivables. Moderate 15-20 P7-12 Bad debt reporting issues. Moderate 25-30 P7-13 Comprehensive including factoring. Complex 30-35...
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This note was uploaded on 11/07/2010 for the course ACCT 1000 taught by Professor Curtis during the Spring '06 term at British Columbia Institute of Technology.

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Ch07 - CHAPTER 7 CASH AND RECEIVABLES ASSIGNMENT...

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