chapter_03 - 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. 1, 2 * 2. Explain the accrual basis of accounting. 3, 4, 5 1, 6 * 3. Explain why adjusting entries are needed. 1, 6, 7 1 * 4. Identify the major types of adjusting entries. 8, 9, 10, 18 2, 8 2, 7 * 5. Prepare adjusting entries for prepayments. 8, 9, 10, 11, 12, 13, 18, 19, 20 3, 4, 5, 6 2, 3, 4, 5, 6, 7, 8, 9, 11 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 2, 3, 4, 5, 6, 7, 8, 9, 11 1A, 2A, 3A, 4A, 5A, 64 1B, 2B, 3B, 4B, 5B * 7. Describe the nature and purpose of an adjusted trial balance. 21 9, 10 3, 4, 5, 6, 7, 8, 9, 10 1A, 2A, 3A, 5A, 6A 1B, 2B, 3B, 5B *8. Prepare adjusting entries for the alternative treat- ment of prepayments. 22 11 12 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 an 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, an 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 an 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 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 Q3-2 2. Explain the accrual basis of accounting. Q3-3 Q3-4 Q3-5 E3-6 E3-1 3. Explain why adjusting entries are needed. Q3-6 Q3-7 BE3-1 4. Identify the major types of adjusting entries. Q3-8 Q3-9 Q3-10 Q3-18 BE3-2 BE3-8 E3-2 E3-7 5. Prepare adjusting entries for prepayments. Q3-11 Q3-12 Q3-13 Q3-19 Q3-20 BE3-3 BE3-4 BE3-5 BE3-6 E3-3 E3-4 E3-5 E3-8 E3-9 E3-11 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 E3-10 *8. Prepare adjusting entries for the alternative treatment of prepayments. Q3-22 BE3-11 E3-12 Broadening Your Perspective Communication Financial Reporting Comparative Analysis Exploring the Web Group Decision Case
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chapter_03 - CHAPTER 3 Adjusting the Accounts ASSIGNMENT...

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