Classroom Assignments

Homework

Objectives:

• Discuss the difference between proprietor and partner
• Discuss the difference between service business and merchandising business
• Explore the expanded journal
• Record merchandise purchases

Assignment:

1. Read pages 226-231
2. Complete Work Together on page 232
3. Complete On Your Own on page 232
4. Read pages 233-236

Objectives:

• Identify and verify purchase invoice
• Record merchandise purchased on account

Assignment:

1. Complete Work Together on page 237
2. Complete On Your Own on page 237
3. Read pages 238-242
4. Complete Application Problem 10-1
5. Complete Application Problem 10-2

Objectives:

• Record cash payments

Assignment:

1. Complete Work Together on page 243
2. Complete On Your Own on page 243
3. Read page 244
4. Complete Application Problem 10-3
5. Complete Application Problem 10-4

Objectives:

• Record purchase transactions

Assignment:

1. Complete Mastery Problem 10-5

Objectives:

• Review accounting for purchases

Assignment:

1. Chapter 10 study guide

Objectives:

• Demonstrate skill recording transactions related to purchases

Assignment:

1. Chapter 10 exam
2. Read pages 252-258

Objectives:

• Discuss the collection and payment of sales tax
• Identify parts of a sales invoice
• journalize sales transactions

Assignment:

1. Complete Work Together on page 259
2. Complete On Your Own on page 259
3. Read pages 260-265
4. Complete Application Problem 11-1

Objectives:

• Prove and rule the expanded journal

Assignment:

1. Complete Work Together on page 266
2. Read page 267
3. Complete Application Problem 11-3
4. Complete Mastery Problem 11-5

Objectives:

• Review transactions related to sales

Assignment:

1. Chapter 11 study guide

Objectives:

• Demonstrate accounting knowledge

Assignment:

1. Chapter 11 exam
2. Read pages 274-278

Objectives:

• Posting to a general ledger

Assignment:

1. Complete Work Together on page 279
2. Read pages 280-284
3. Complete Application Problem 12-1

Objectives:

• Post to an accounts payable ledger

Assignment:

1. Complete Work Together on page 285
2. Read pages 286-290
3. Complete Application Problem 12-2

Objectives:

• Post to an accounts receivable ledger

Assignment:

1. Complete Work Together on page 291
2. Read pages 292-295
3. Complete Application Problem 12-3
4. Complete On Your Own on page 294

Objectives:

• Prove accounts payable and accounts receivable ledgers

Assignment:

1. Complete Work Together on page 294
2. Complete Application Problem 12-4
3. Chapter 12 study guide

Objectives:

• Demonstrate posting skills

Assignment:

1. Chapter 12 exam
2. Read pages 364-371

Objectives:

• Prepare a worksheet for a merchandising business

Assignment:

1. Complete Work Together on page 371
2. Read pages 373-376
3. Complete Work Together on page 377
4. Read pages 378-385

Objectives:

• Complete 8 column worksheet

Assignment:

1. Complete Work Together on page 384
2. Complete Application Problem 15-1

Objectives:

• Complete 8 column worksheet

Assignment:

1. Complete Application Problem 15-2
2. Complete Application Problem 15-3

Objectives:

Assignment:

1. Chapter 15 study guide

Objectives:

Assignment:

1. Chapter 15 exam
2. Read pages 390-395

Objectives:

• Prepare Income Statement for a merchandising business

Assignment:

1. Complete Work Together on page 396
2. Complete On Your Own on page 396
3. Read pages 397-400

Objectives:

• Use component percentages to analyze business operations

Assignment:

1. Complete Work Together on page 401
2. Read pages 402-406
3. Complete Application Problem 16-1

Objectives:

• Prepare Owner's Equity Statement

Assignment:

1. Complete Work Together on page 47
2. Complete Application Problem 16-2
3. Read pages 408-413

Objectives:

• Prepare Balance Sheet for a partnership

Assignment:

1. Complete Work Together on page 412
2. Complete Application Problem 16-3
3. Complete Application Problem 16-4
4. Complete Application Problem 16-5

Objectives:

Assignment:

1. Chapter 16 study guide

Objectives:

Assignment:

1. Chapter 16 exam
2. Read pages 420-424

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Objectives:

• Understand classroom procedures
• Define Accounting

Assignment:

1. Review Computer Lab Procedures
2. Label notebooks
3. What is Accounting?

Objectives:

• Define terms related to the Accounting Equation
• Understand Proprietorship
• Define Service Business

Assignment:

1. Read pages 4-7
2. Make flash cards for the new terms on page 8.
3. Answer Audit Your Understanding questions on page 8.
4. As a class, complete the Work Together exercise on page 8.
5. Read pages 9-11.

Objectives:

• Determine how transactions change the Accounting Equation

Assignment:

1. Review Audit Your Understanding questions from yesterday.
2. As a class, complete the Work Together exercise on page 12.
3. Together in class, answer the Audit Your Understanding questions on page 12.
4. Prepare flash cards for the terms on page 12.
5. Read pages 13-14.
6. Prepare a flash card for the term on page 15.

Objectives:

• Prepare a Balance Sheet from information in the Accounting Equation

Assignment:

1. Together in class, complete the Work Together exercise on page 15.
2. Read page 16.
3. Complete Application Problem 1-1 on page 17.
4. Complete Application Problem 1-2 on page 17-18.

Objectives:

• Practice analyzing transactions
• Prepare Balance Sheets

Assignment:

1. Complete Application Problem 1-3 on page 18.
2. Complete Application Problem 1-4 on page 19.
3. Complete Application Problem 1-5 on page 19.

Objectives:

• Review Accounting Equation and how it is changed by transactions
• Review preparing a Balance Sheet

Assignment:

1. Complete Chapter 1 Study Guide. Check your answers.
2. Complete Challenge Problem 1-7 on pages 20-21.

Finish any incomplete classroom assignments

Objectives:

• Demonstrate understanding of recording transactions and preparing a Balance Sheet.

Assignment:

1. Chapter 1 exam.
2. Read pages 24-28.

Objectives:

• How transactions change the Accounting Equation

Assignment:

1. As a class, complete the Working Together on page 29.
2. Complete On Your Own on page 29.
3. Prepare flash cards for the terms on page 29.
4. Read page 30.

Objectives:

• Prepare a Balance Sheet using Excel

Assignment:

1. As a class, use Excel to complete the Working Together on page 31.
2. Read page 32
3. Complete Application Problem 2-1 on page 33.

Objectives:

• Practice recording transactions.

Assignment:

1. Complete Application Problem 2-2 on page 34.
2. Complete Application Problem 2-3 on page 35.
3. Complete Mastery Problem 2-4 on pages 35-36

Objectives:

• Review recording transactions and preparing Balance Sheet.

Assignment:

1. Complete Chapter 2 Study Guide and check your answers.

Finish any incomplete classroom assignments

Objectives:

• Demonstrate skills.

Assignment:

1. Chapter 2 exam.
2. Read pages 40-43.

Objectives:

• Determine normal balance of accounts.

Assignment:

1. As a class, complete Working Together on page 44.
2. Prepare flash cards for the terms on page 44.
3. Read pages 45-49.
4. Prepare flash cards for the terms on page 50.

Objectives:

• determine debit and credit parts of a transaction.

Assignment:

1. Together in class answer Audit Your Understanding on page 50.
2. As a class complete the Work Together on page 50.
3. Complete On Your Own on page 50.
4. Read pages 51-55.

Objectives:

• Analyze transactions into debit and credit parts.

Assignment:

1. Together in class answer Audit Your Understanding on page 56.
2. As a class complete the Work Together on page 56.
3. Complete On Your Own on page 56.
4. Read page 57.
5. Application problem 3-1 on page 58.
6. Application problem 3-2 on page 58-59.

Objectives:

• Practice recording debits and credits.

Assignment:

1. Application problem 3-3 on page 59
2. Application problem 3-4 on page 59

Objectives:

• Practice recording debits and credits.

Assignment:

1. Challenge problem 3-6 on page 61.
2. Complete handouts.

Objectives:

• Review recording transactions as debits and credits.

Assignment:

1. Complete Chapter 3 Study Guide. Check your answers.

Finish any incomplete classroom assignments

Objectives:

Assignment:

1. Chapter 3 exam.
2. Read pages 63-70.

Objectives:

• Why use a journal?
• Analyze source documents.
• Record transactions in a journal.

Assignment:

1. Discuss the Audit Your Understanding questions.
2. As a class, complete the Work Together on page 71.
3. As a class, complete Work Together on page 75.

Objectives:

• Recording the purchase of short term assets.
• Recording purchases on account.

Assignment:

1. Read pages 72-74
2. Prepare flash cards for the terms on page 71.
3. Discuss the Audit Your Understanding questions on page 75.
4. As a class, complete Work Together on page 81.
5. As a class, complete Work Together on page 87.
6. Read pages 76-80.

Objectives:

• Journalize transactions.

Assignment:

1. Discuss Audit Your Understand questions on page 81.
2. Read pages 82-86
3. Prepare flash card for the term on page 87.
4. Complete the On Your Own exercise on page 71.
5. Complete On Your Own on page 75.
6. Complete On Your Own on page 81.
7. Complete On Your Own on page 87.
8. Read page 88.

Objectives:

• Journalize sales and expenses.

Assignment:

1. Discuss Audit Your Understanding questions on page 87.
2. Application problem 4-1 on page 89.
3. Application problem 4-2 on page 89.
4. Application problem 4-3 on pages 89-90.

Objectives:

• Record transaction in a multi-column journal.

Assignment:

1. Application problem 4-4 on page 90.
2. Application problem 4-5 on pages 90-91.

Objectives:

• Prove a journal
• Rule a journal
• Prove cash

Assignment:

1. Mastery problem 4-6. Due end of next class period.

Objectives:

• Journalize, prove and rule
• Prove cash.

Assignment:

1. Complete Mastery problem 4-6. Due today. This counts as a simulation grade

Objectives:

• Review journalizing, proving and ruling, and proving cash.

Assignment:

1. Chapter 4 Study Guide. Check your answers.
2. Use flash cards to study vocabulary.

Objectives:

• Journalize, prove and rule
• Prove cash.

Assignment:

1. Chapter 4 exam.
2. Read pages 96-105.
3. Prepare flash cards for the terms on page 102.

Objectives:

• Review journalizing

Assignment:

1. Flash cards due today. This counts as a participation grade.
2. Discuss use of general journal

Objectives:

• Why a General Ledger?
• Prepare a Chart of Accounts.

Assignment:

1. Discuss the Audit Your Understanding questions on page 102.
2. As a class, complete Work Together on page 102.
3. Prepare a flash card for the term on page 106.
4. As a class, complete Work Together on page 106.
5. Discuss Audit Your Understanding on Page 106.
6. Read pages 107-110.

Finish any incomplete classroom assignments

Objectives:

• Why are the amounts in the general column posted individually?
• How are the amounts in the special purpose columns posted>?
• When are check marks used in the posting reference?
• Post special purpose column totals.

Assignment:

1. Discuss Audit Your Understanding questions on page 111.
2. As a class, complete Work Together on page 111.
3. Discuss Audit Your Understanding questions on page 117.
4. As a class, complete Work Together on page 117.
5. Read pages 112-116.
6. Complete a flash card for the term on page 117.

Objectives:

• Prepare a Chart of Accounts.
• Open accounts in the General Ledger.
• Identify and record correcting entries.

Assignment:

1. Complete On Your Own on page 106.
2. On Your Own on page 111.
3. Complete On Your Own on page 117.
4. Read page 118.

Objectives:

• Post to a General Ledger.

Assignment:

1. Application problem 5-1 on page 119.
2. Application problem 5-2 on page 119.
3. Application problem 5-3 on page 119.
4. Application problem 5-4 on page 119.

Objectives:

• Review the General Ledger

Assignment:

1. Complete Chapter 5 Study Guide. Check your answers.

Objectives:

• journalize transactions
• post to the general ledger

Assignment:

1. Chapter 5 exam.
2. Complete Mastery problem 5-5 on page 120. Due in two class periods.

Objectives:

• journalize transactions
• post to the general ledger

Assignment:

1. Work on Mastery problem 5-5. Due end of next class period.

Objectives:

• journalize transactions
• post to the general ledger

Assignment:

1. Complete Mastery problem 5-5. Due this class period. This counts as a simulation grade.

Objectives:

• Summarize accounting cycle to this point.
• Reinforce accounting concepts to this point.

Assignment:

Objectives:

• Why is controlling cash important?
• What documents represent cash transactions?

Assignment

1. Read pages 124-129.
2. Use Word to answer Audit Your Understanding questions on page 130.
3. Prepare flash cards for the terms on page 130.
4. Read pages 131-134.

Finish any incomplete classroom assignments

Objectives:

• Business procedures for checks

Assignment:

1. As a class, complete Work Together on page 130 and Work Together on page 135.
2. Complete On Your Own on page 130

Objectives:

• Reconcile a Bank Statement.

Assignment:

1. Complete On Your Own on page 135.
2. Application problem 6-1 on page 146.
3. Application problem 6-2 on page 146.

Objectives:

• Record a dishonored check.
• Record funds transfer.

Assignment:

1. Read pages 136-139
2. Prepare flash cards for the terms on page 140.
3. Complete On Your Own on page 140.
4. Read pages 141-143.
5. Prepare flash cards for the terms on page 144.

Objectives:

• Establish a Petty Cash Fund.
• Procedures for using Petty Cash.
• Replenish a petty cash fund.

Assignment:

1. As a class, record the establishments of a petty cash fund.
2. Together in class make payments from a petty cash fund.
3. Prepare a summary of activity for a patty cash fund.
4. Determine the amount of a check to replenish the petty cash fund.
5. Prepare the journal entry to record this check.

Objectives:

• Establish a Petty Cash Fund.
• Procedures for using Petty Cash.
• Replenish a petty cash fund.

Assignment:

1. As a class, complete Work Together on page 144.
2. Complete On Your Own on page 144.
3. Read page 145.
4. Complete Application problem 6-1 on page 146
5. Application problem 6-2 on page 146
6. Application problem 6-3 on page 146.

Objectives:

• Practice cash procedures.

Assignment:

1. Application problem 6-4 on page 147
2. Chapter six Study Guide. Check your answers.
3. Chapter six exam.

Objectives:

• Demonstrate understanding of cash procedures.

Assignment:

1. Read pages 154-157.
2. Prepare flash cards for the terms on page 158.
3. Petty cash worksheet
4. Practice 10-key skills at schools.learn2type.com for 10 minutes
5. cash control concepts review sheet

Objectives:

• Record Trial Balance on a Worksheet.

Assignment:

1. Discuss Audit Your Understanding questions on page 158.
2. As a class, complete Work Together on page 158.

Objectives:

• Why are Adjustments needed?
• Recording Adjustments on a Worksheet

Assignment:

1. Read pages 160-163
2. Prepare a flash card for the term on page 164.
3. Answer the Audit Your Understanding questions on page 164.
4. Application problem 7-1 on page 175.

Objectives:

• Recording adjustments on a worksheet.

Assignment:

1. Discuss answers to Audit Your Understanding on page 164.
2. As a class, complete Work Together on page 164.
3. Complete On Your Own on page 164.
4. Complete Application problem 7-2 on page 175.
5. Read pages 165-168.
6. Complete flash cards for the terms on page 169.

Objectives:

• Record Balance Sheet and Income Statement columns on Worksheet.
• Calculate Net Income or Net Loss.

Assignment:

1. Discuss Audit Your Understanding questions on page 169.
2. As a class, complete Work Together on page 169.
3. Complete On Your Own on page 169.
4. Read pages 170-172
5. Application problem 7-3 on page 175.
6. Answer Audit Your Understanding questions on page 173.
7. practice 10-key at schools.learn2type.com

Objectives:

• Finding and correcting errors in a worksheet.

Assignment:

1. Mastery Problem 7-5 on page 176

Finish any incomplete classroom assignments

Objectives:

• Practice completing a worksheet.

Assignment:

1. Challenge Problem 7-6 on page 177

Objectives:

• Review procedures for preparing a worksheet.

Assignment:

1. Chapter 7 Study Guide. Check your answers.

Objectives:

• Demonstrate skill preparing a worksheet.

Assignment:

1. Chapter 7 exam.
2. Read pages 180-185.

Objectives:

• Prepare an Income Statement

Assignment:

1. Complete your flash card for the term on page 186
2. Discuss Audit Your Understanding questions on page 186.
3. As a class, complete Work Together on page 186.
4. Complete On Your Own on page 186.
5. Application problem 8-1.

Objectives:

• Prepare a Balance Sheet.

Assignment:

1. Read pages 187-190.
2. Answer the Audit Your Understanding questions on page 191.
3. Study the information on page 190.

Objectives:

• Practice preparing a Balance Sheet

Assignment:

1. As a class, complete Work Together on page 191.
2. Application problem 8-2.
3. Mastery problem 8-3.

Objectives:

• Review preparing Financial Statements.

Assignment:

1. Chapter 8 Study Guide. Check your answers.
2. Flash cards due today. This counts as a participation grade.

Objectives:

• Demonstrate skill preparing Financial Statements.

Assignment:

1. Chapter 8 exam
2. Read pages 198-201

Finish any incomplete classroom assignments

Objectives:

• Recording Adjusting entries to the accounting records
• Identify permanent and temporary accounts
• Purpose of the Income Summary account
• Closing entries for temporary accounts

Assignment:

1. As a class, complete Work Together on page 202
2. Application probl9-1 on page 217.
3. Complete flash card for term on page 202.
4. Read pages 203-208.
5. Prepare flash cards for the terms on page 209.
6. Answer the Audit Your Understanding questions on page 209.

Objectives:

• Journalize and post closing entries.

Assignment:

1. As a class, complete Work Together on page 209.
2. Application problem 9-2 on page 217.
3. Read pages 210-214.
4. Complete flash cards for the terms on page 215.

Objectives:

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Objectives:

• Prepare Post Closing Trial Balance.

Assignment:

1. As a class, complete Work Together on page 215.
2. Application problem 9-3 on page 218
3. Read page 216.
4. Study the information on page 214.

Objectives:

• Review adjusting and closing entries.

Assignment:

1. Chapter 9 Study Guide. Check your answers.

Objectives:

• Demonstrate skill with adjusting entries, closing entries, and Post Closing Trial Balance.

Assignment:

1. Chapter 9 exam.
2. Review information on page 214.
3. Review the information in Appendix A

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 9 class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 8 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 7 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 6 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 5 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 4 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 3 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 2 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part A on page 151. You have 1 more class periods to complete this simulation. This is due today at the end of the period.

Objectives:

• Complete the accounting cycle

Assignment:

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part B on page 222. You have 5 class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part B on page 222. You have 4 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part B on page 222. You have 3 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part B on page 222. You have 2 more class periods to complete this simulation.

Objectives:

• Complete the accounting cycle

Assignment:

1. Reinforcement Activity 1, Part B on page 222. You have 1 more class periods to complete this simulation. This is due today.

Objectives:

Assignment:

1. accounting cycle for a sole proprietor exam

Objectives:

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Assignment:

1. Reinforcement Activity 1, Part B on page 222. You have 3 more class periods to complete this simulation.

Objectives:

Assignment:

1. Reinforcement Activity 1, Part B on page 222. You have 2 more class periods to complete this simulation.

Objectives:

Assignment:

1. Reinforcement Activity 1, Part B on page 222. You have 1 class periods to complete this simulation.

Objectives:

Assignment:

1. Reinforcement Activity 1, Part B on page 222. This is due today.

Objectives:

Assignment: