Accounting & Finance I Assignments (subject to change)

Feb 2

Chapter 9: Accounting for Purchases and Cash Payments

  • Learning Objectives After studying Chapter 9, in addition to defining key terms, you will be able to:
    • LO1 Distinguish among service, retail merchandising, and wholesale merchandising businesses.
    • LO2 Identify differences between a sole proprietorship and a corporation.
    • LO3 Explain the relationship between a subsidiary ledger and a controlling account.
    • LO4 Describe accounting procedures used in ordering merchandise.
    • LO5 Discuss the purpose of a special journal.
    • LO6 Journalize purchases of merchandise on account using a purchases journal.
    • LO7 Post merchandise purchases to an accounts payable ledger and a general ledger.
    • LO8 Record cash payments using a cash payments journal.
    • LO9 Record replenishment of a petty cash fund. LO10 Post cash payments to an accounts payable ledger and a general ledger.
  • Submit the following separate from each other
    • Study Guide
    • Work Together Problems 1-5
    • Problems 1-5
      • Submit after each problem
    • Problem M
    • Problem S
    • Problem C-extra Credit

Jan 31

Chapter 8 Test

  • Learning Objectives After studying Chapter 8, in addition to defining key terms, you will be able to:
    • LO1 Journalize and post closing entries for a service business organized as a proprietorship.
    • LO2 Prepare a post-closing trial balance.

Jan 27

DUE: Reinforcement 1B:

  • Objective: Review the second half of the accounting cycle.

Jan 24

Reinforcement 1B:

  • Objective: Review the second half of the accounting cycle.
  • Use Part A to complete Part B: Video Explanation
  • Complete test at end of reinforcement.
  • To submit, staple Part A on top of Part B. Do not staple the test.

Jan 17

Chapter 8: Recording Closing Entries and Preparing a Post-Closing Trial Balance for a Service Business

  • Learning Objectives After studying Chapter 8, in addition to defining key terms, you will be able to:
    • LO1 Journalize and post closing entries for a service business organized as a proprietorship.
    • LO2 Prepare a post-closing trial balance.
  • Recycling Problem

Jan 5

Chapter 8: Recording Closing Entries and Preparing a Post-Closing Trial Balance for a Service Business

  • Learning Objectives After studying Chapter 8, in addition to defining key terms, you will be able to:
    • LO1 Journalize and post closing entries for a service business organized as a proprietorship.
    • LO2 Prepare a post-closing trial balance.
  • Study Guide
  • As a class
  • Problems
    • Problems 1, 2, M, C
    • Submit Problems 1, 2 and M together; C alone.

Dec 14

Chapter 7: Financial Statements for a Proprietorship

  • Learning Objectives After studying Chapter 7, in addition to defining key terms, you will be able to:
    • LO1 Prepare an income statement for a service business.
    • LO2 Calculate and analyze financial ratios using income statement amounts.
    • LO3 Prepare a balance sheet for a service business organized as a proprietorship.
  • As a class
  • Problems
    • Study Guide
    • Problems 1-2, M, C
    • Submit 1, 2 and M together, C
    • Recycling (Optional-some Extra Credit)

Dec 14

DUE: Chapter 6: Recycling Problem

Dec 13

Chapter 6: Recycling Problem

  • Objective: Use correct procedures to plan adjustments and prepare a worksheet for a service business

Nov 30

Chapter 6: Work Sheet and Adjusting Entries for a Service

  • Learning Objectives After studying Chapter 6, in addition to defining key terms, you will be able to:
    • LO1 Prepare the heading of a work sheet.
    • LO2 Prepare the trial balance section of a work sheet.
    • LO3 Analyze and explain the adjustments for supplies and prepaid insurance.
    • LO4 Complete the Adjustments columns of a work sheet.
    • LO5 Prepare the Balance Sheet and Income Statement columns of a work sheet.
    • LO6 Total and rule the work sheet.
    • LO7 Apply the steps for finding errors on a work sheet.
    • LO8 Journalize and post the adjusting entries for supplies and prepaid insurance.
  • As a class
  • Problems 1-4, M, C
    • Submit Problems 1-3. These will be checked in class and returned.
    • Submit Problem 1-3, 4 and M
    • Submit Problem C

Nov 29

DUE: Reinforcement 1 A

Nov 15

Reinforcement 1 A

  • Objective: Review the first half of the accounting cycle.

DUE: Chapter 5

Nov 11

Chapter 5: Recycling Problem (SKIPPED IN 2022-2023)

  • Objective: Understand the process to reconcile a bank statement

Nov 3

Test Chapter 4 Recycling Problem

Nov 2

Quarter 2 Pretest

  • Reinforcement 1 A and B Test

Nov 1

Chapter 5

  • Learning Objectives After studying Chapter 5, in addition to defining key terms, you will be able to:
    • LO1 Record a deposit on a check stub.
    • LO2 Endorse checks using blank, special, and restrictive endorsements.
    • LO3 Prepare a check stub and a check. LO4 Complete a bank statement reconciliation.
    • LO5 Record and journalize a bank service charge.
    • LO6 Complete recordkeeping for a dishonored check.
    • LO7 Journalize an electronic funds transfer.
    • LO8 Journalize a debit card transaction.
    • LO9 Establish a petty cash fund.
    • LO10 Prepare a petty cash report.
    • LO11 Replenish a petty cash fund.
  • Study Guide
  • As a class
    • 5-1 work together and on your own
    • 5-2 work together and on your own
    • 5-3 work together and on your own
    • 5-4 work together and on your own
  • Problems
    • Problem 1
    • Problems 2-3
    • Problem 4, M, C

Oct 31

DUE: Quarter 1 Final: Chapter 4 Test

  • Objective: Journalize and post transactions from the general journal to the general ledger

Oct 26

Quarter 1 Final: Chapter 4 Test

  • Objective: Journalize and post transactions from the general journal to the general ledger

Oct (SKIPPED 2022-2023)

DUE: Chapter 4 Recycling Problem

  • Objective: Journalize and post transactions from the general journal to the general ledger

Oct (SKIPPED 2022-2023)

Chapter 4 Recycling Problem

  • Objective: Journalize and post transactions from the general journal to the general ledger

Oct 11

Chapter 4

  • Learning Objectives After studying Chapter 4, in addition to defining key terms, you will be able to:
    • LO1 Construct a chart of accounts for a service business organized as a proprietorship.
    • LO2 Demonstrate correct principles for numbering accounts.
    • LO3 Apply file maintenance principles to update a chart of accounts.
    • LO4 Complete the steps necessary to open general ledger accounts.
    • LO5 Post amounts from the General Debit and General Credit columns of a journal.
    • LO6 Post column totals from a journal to ledger accounts.
    • LO7 Analyze incorrect journal entries and prepare correcting entries.
    • LO8 Demonstrate how to correct errors made during the posting process.
  • Study Guide
  • As a class
    • Work Together 1-4 (not submitted)
    • Video 1
    • Video 2 Includes appplication Problem 1
  • Problems
    • 1-3, M, S, C p117-119
    • Submit Problems 1-3 together,
    • Problems 4, M, S together,
    • Submit C
  • Recycling Problem

Oct SKIPPED 2022-2023

Test Chapter 3

  • Objective: Record accounting transactions in a general journal.
  • DUE: OCTOBER 12

Oct 10

DUE: Recycling Problem 3

Oct 7

DUE: Chapter 3 Problems

Recycling Problem 3

Sep 16

DUE: Recycling Problem 2

Chapter 3: Record accounting transactions in a general journal.

  • Learning Objectives After studying Chapter 3, in addition to defining key terms, you will be able to:
    • LO1 Define what a journal is and explain why it is used to record transactions.
    • LO2 Compare and contrast different types of source documents.
    • LO3 Identify the four parts of a journal entry.
    • LO4 Analyze and record cash transactions using source documents.
    • LO5 Analyze and record transactions for buying and paying on account.
    • LO6 Analyze and record transactions that affect owner’s equity.
    • LO7 Analyze and record sales and receipt of cash on account.
    • LO8 Prove and rule a journal.
    • LO9 Demonstrate how to prove cash.
    • LO10 Identify and correct errors using standard accounting practices.
  • Problems
    • Study Guide
    • As a class

Sep 6

Chapter 2

  • LO1 Show the relationship between the accounting equation and a T account.
  • LO2 Identify the debit and credit side, the increase and decrease side, and the balance side of various accounts.
  • LO3 Restate and apply the two rules that are associated with the increase side of an account.
  • LO4 Restate and apply the four questions necessary to analyze transactions for starting a business into debit and credit parts.
  • LO5 Analyze transactions for operating a business into debit and credit parts.Objective: Analyze how transactions affect the accounting equation
  • Problems

Sep 1

DUE: Chapter 2 Recycling Problem

Aug 30

Quiz: Accounting T

Q1 Pretest Chapter 4 Test

DUE Chapter 1

  • Only submit Probelms M and C

Chapter 2 Recycling Problem

Aug 24-26

Chapter 1: Analyze how transactions affect the accounting equation

  • LEARNING OBJECTIVES After studying Chapter 1, in addition to defining key terms, you will be able to:

    • LO1 Describe the different users of accounting information.
    • LO2 Prepare a net worth statement and explain its purpose.
    • LO3 Classify accounts as assets, liabilities, or owner’s equity and demonstrate their relationship in the accounting equation.
    • LO4 Analyze the effects of transactions on the accounting equation.
    • LO5 Distinguish between cash and on account transactions.
    • LO6 Compare and contrast the types of transactions that increase and decrease owner’s equity.
    • LO7 Explain the difference between expenses and liabilities.
  • Study Guide
  • Problems

Aug 23

Accounting T notes for Quiz next week

Aug 22

Course requirements/expectations

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Student Syllabus Verification

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