Transcription of CHAPTER 3
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CHAPTER 3
CHAPTER 3. Adjusting the Accounts assignment CLASSIFICATION TABLE. Brief A B. Study Objectives Questions Exercises Exercises Problems Problems *1. Explain the time period 1 1. assumption. *2. Explain the accrual basis 2, 3, 4, 5 2, 3, 10. of accounting. *3. Explain the reasons for 6, 7 1. adjusting entries. *4. Identify the major types 8, 18 2, 8 4, 6, 11. of adjusting entries. *5. Prepare adjusting entries 8, 9, 10, 3, 4, 5, 6 5, 6, 7, 8, 1A, 2A, 3A, 1B, 2B, 3B, for deferrals. 11, 12, 13, 9, 10, 11, 4A, 5A, 6A 4B, 5B. 18, 19, 20 12, 13, 15. *6. Prepare adjusting entries 8, 14, 15, 7 5, 6, 7, 8, 1A, 2A, 3A, 1B, 2B, 3B, for accruals. 16, 17, 18, 9, 10, 11, 4A, 5A, 6A 4B, 5B. 19, 20 12, 13, 15. *7. Describe the nature and 21 9, 10 10, 11, 12, 1A, 2A, 3A, 1B, 2B, 3B, purpose of an adjusted 13, 14 5A, 6A 5B. trial balance. *8. Prepare adjusting 22 11 16, 17 6A. entries for the alternative treatment of deferrals. *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 ... Analysis Synthesis Evaluation * 1. Explain the time period assumption. Q3-1 E3-1 * 2. Explain the accrual basis of accounting. ... Financial Reporting Comparative Analysis Exploring the Web Decision Making Across the Organization
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