Chapter_11_12_and_15

Chapter_11_12_and_15 - © 2008 For Instructor Use Only 11-1 CHAPTER 11 Liabilities ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief

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Unformatted text preview: © 2008 For Instructor Use Only 11-1 CHAPTER 11 Liabilities ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems * 1. Explain a current liability, and identify the major types of current liabilities. 1 1 1A 1B * 2. Describe the accounting for notes payable. 2 2 1, 2 1A, 2A 1B * 3. Explain the accounting for other current liabilities. 3, 4, 5, 6 3, 4, 5, 6 3, 4, 5, 6, 7 1A 1B * 4. Explain why bonds are issued, and identify the types of bonds. 7, 8, 9, 10, 11 7 8, 9 * 5. Prepare the entries for the issuance of bonds and interest expense. 12, 13, 14 8, 9, 10 10, 11, 12 3A, 4A, 6A, 7A, 8A, 9A 2B, 3B, 5B, 6B, 7B, 8B, 9B * 6. Describe the entries when bonds are redeemed or converted. 15, 16 11 13, 14 3A, 4A, 10A 2B, 3B, 9B 7. Describe the accounting for long-term notes payable. 17 12 15 5A 4B 8. Identify the methods for the presentation and analysis of long-term liabilities. 18 13 16 3A, 4A, 5A 3B *9. Compute the market price of a bond. 21 14 *10. Apply the effective-interest method of amortizing bond discount and bond premium. 19, 20 15 17, 18, 19 6A, 7A 5B, 6B 11-2 © 2008 For Instructor Use Only ASSIGNMENT CLASSIFICATION TABLE (Continued) *11. Apply the straight-line method of amortizing bond discount and bond premium. 22, 23 16, 17 20, 21 8A, 9A, 10A 7B, 8B, 9B *Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendices to the chapter. © 2008 For Instructor Use Only 11-3 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare current liability entries, adjusting entries, and current liabilities section. Moderate 30–40 2A Journalize and post note transactions and show balance sheet presentation. Moderate 30–40 3A Prepare entries to record issuance of bonds, interest accrual, and bond redemption. Moderate 20–30 4A Prepare entries to record issuance of bonds, interest accrual, and bond redemption. Moderate 15–20 5A Prepare installment payments schedule and journal entries for a mortgage note payable. Moderate 20–30 *6A Prepare entries to record issuance of bonds, payment of interest, and amortization of bond discount using effective-interest method. Moderate 30–40 *7A Prepare entries to record issuance of bonds, payment of interest, and amortization of premium using effective- interest method. In addition, answer questions. Moderate 30–40 *8A Prepare entries to record issuance of bonds, interest accrual, and amortization for two years. Simple 30–40 *9A Prepare entries to record issuance of bonds, interest, and amortization of bond premium and discount. Simple 30–40 *10A Prepare entries to record interest payments, discount amortization, and redemption of bonds....
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This note was uploaded on 01/20/2012 for the course ACCT 407 taught by Professor Price during the Spring '11 term at Jones Intl..

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Chapter_11_12_and_15 - © 2008 For Instructor Use Only 11-1 CHAPTER 11 Liabilities ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief

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