chapter_02 - 2-1CHAPTER 2The Recording ProcessASSIGNMENT...

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Unformatted text preview: 2-1CHAPTER 2The Recording ProcessASSIGNMENT CLASSIFICATION TABLEStudy ObjectivesQuestionsBriefExercisesExercisesAProblemsBProblems1.Explain what an accountis and how it helps in therecording process.12.Define debits and creditsand explain how they areused to record businesstransactions.2, 3, 4, 5, 6,7, 8, 9, 141, 2, 51, 3, 101A, 2A, 3A,5A1B, 2B, 3B,5B3.Identify the basic steps inthe recording process.10, 1944.Explain what a journal isand how it helps in therecording process.11, 12, 13,14, 163, 62, 4, 6, 7, 81A, 2A, 3A,5A1B, 2B, 3B,5B5.Explain what a ledger isand how it helps in therecording process.176.Explain what posting isand how it helps in therecording process.15, 177, 85, 82A, 3A, 5A2B, 3B, 5B7.Prepare a trial balanceand explain its purposes.18, 209, 105, 6, 7, 9,102A, 3A, 4A,5A2B, 3B, 4B,5B2-2ASSIGNMENT CHARACTERISTICS TABLEProblemNumberDescriptionDifficultyLevelTime Allotted(min.)1AJournalize a series of transactions.Simple20-302AJournalize transactions, post, and prepare a trial balance.Simple30-403AJournalize transactions, post, and prepare a trial balanceand financial statements.Moderate40-504APrepare a correct trial balance.Moderate30-405AJournalize transactions, post, and prepare a trial balance.Moderate40-501BJournalize a series of transactions.Simple20-302BJournalize transactions, post, and prepare a trial balance.Simple30-403BJournalize and post transactions, prepare a trial balance,and determine the elements of financial statements.Moderate40-504BPrepare a correct trial balance.Moderate30-405BJournalize transactions, post, and prepare a trial balance.Moderate40-50BLOOM'S TAXONOMY TABLE2-3Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and ProblemsStudy ObjectiveKnowledgeComprehensionApplicationAnalysisSynthesisEvaluation1.Explain what an accountis and how it helps in the re-cording process.Q2-12.Define debits and credits andexplain how they are used torecord business transactions.Q2-2Q2-3Q2-4Q2-5Q2-6Q2-7Q2-8Q2-9Q2-14BE2-1BE2-2BE2-5E2-1E2-3E2-10P2-1AP2-2AP2-3AP2-5AP2-1BP2-2BP2-3BP2-5B3.Identify the basic steps inthe recording process.Q2-10Q2-19BE2-44.Explain what a journal is andhow it helps in the recordingprocess.Q2-12Q2-11Q2-13Q2-14Q2-16BE2-3BE2-6E2-2E2-4E2-6E2-7E2-8P2-1AP2-2AP2-3AP2-5AP2-1BP2-2BP2-3BP2-5B5.Explain what a ledger is andhow it helps in the recordingprocess.Q2-176.Explain what posting is andhow it helps in the recordingprocess.Q2-15Q2-17BE2-7BE2-8E2-5E2-8P2-2AP2-3AP2-5AP2-2BP2-3BP2-5B7.Prepare a trial balance andexplain its purposes.Q2-18BE2-9E2-5E2-6E2-7E2-10P2-2AP2-3AP2-4AP2-5AP2-2BP2-3BP2-5BQ2-20BE2-10E2-9P2-4AP2-4BBroadening Your PerspectiveFinancial ReportingGroup Decision CaseExploring the WebComparative AnalysisInterpreting FinancialStatementsCommunicationGroup DecisionCaseEthics CaseInterpretingFinancialStatements2-4ANSWERS TO QUESTIONS1 . A T ac c o u n t ha s t h e fo l l o w i n g pa r t s : ( a ) t h e t i t l e , ( b ) th e le f t or de b i t si d e , an d ( c ) t h e ri g h t or...
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This note was uploaded on 11/25/2010 for the course ACCT 212 taught by Professor Luna during the Spring '09 term at DeAnza College.

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chapter_02 - 2-1CHAPTER 2The Recording ProcessASSIGNMENT...

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