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1505 Information Techonlogy The University of the West Indies St. Augustine

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The University of the West Indies St. Augustine

1505 Information Techonlogy The University of the West Indies St. Augustine

Financial Accounting IFRS 3rd Edition Solutions Manual Weygandt Kimmel Kieso Completed download Instructor Manual, Solutions Manual Answer all chapters, matcha creations problem, Solutions for appendix chapter: https://testbankarea.com/download/financial-accounting-ifrs-3rd-edition-solutionsmanual-weygandt-kimmel-kieso/ TEST BANK for Financial Accounting IFRS 3rd Edition by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso Completed download: https://testbankarea.com/download/financial-accounting-ifrs-3rd-edition-test-bankweygandt-kimmel-kieso/ CHAPTER 3
Adjusting the Accounts
ASSIGNMENT CLASSIFICATION TABLE
Learning Objectives
Questions
Brief Exercises
Do It!
Exercises
A Problems
B Problems *1. Explain the time period assumption. 1 1 1 *2. Explain the accrual basis of accounting. 2, 3, 4, 5 1 2, 3, 10,16 *3. Explain the reasons for adjusting entries. 6, 7 1 *4. Identify the major types of adjusting entries. 8, 18 2, 8 4, 6, 11 *5. Prepare adjusting entries for deferrals. 8, 9, 10, 11, 12, 13, 18, 19, 20 2, 3, 4, 5, 6, 8 2 5, 6, 7, 8, 9, 10, 11, 12, 13, 15 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 2, 7, 8 3 5, 6, 7, 8, 9, 10, 11, 12, 13, 15 1A, 2A, 3A, 4A, 5A, 6A 1B, 2B, 3B, 4B, 5B *7. Describe the nature and 21 9, 10 4 10, 11, 12, 1A, 2A, 3A, 1B, 2B, 3B,
purpose of an adjusted trial balance.
13, 14 5A, 6A 5B
*8. Prepare adjusting entries for the alternative treatment of deferrals. 22 11 17, 18 6A *9. Discuss financial reporting concepts. 23, 24, 25, 26, 27, 28 12, 13 14, 15 19, 20, 21, 22, 23
*Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix to the chapter.
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 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, 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 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.

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1505 Information Techonlogy The University of the West Indies St. Augustine

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