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CHAPTER3AdjustingtheAccountsASSIGNMENTCLASSIFICATIONTABLEBriefABStudyObjectivesQuestionsExercisesExercisesProblemsProblems*1.Explainthetimeperiodassumption.1,2*2.Explaintheaccrualbasis3,4,51,6ofaccounting.*3.Explainwhyadjusting1,6,71entriesareneeded.*4.Identifythemajortypes8,9,10,182,82,7ofadjustingentries.*5.Prepareadjustingentriesforprepayments.8,9,10,11,12,13,3,4,5,62,3,4,5,6,7,8,9,1A,2A,3A,1B,2B,3B,18,19,20114A,5A,6A4B,5B*6.Prepareadjustingentriesforaccruals.8,14,15,16,17,18,72,3,4,5,6,7,8,9,1A,2A,3A,1B,2B,3B,19,20114A,5A,6A4B,5B*7.Describethenatureand219,103,4,5,6,1A,2A,1B,2B,purposeofanadjustedtrialbalance.7,8,9,103A,5A,6A3B,5B*8.Prepareadjustingentries2211126Aforthealternativetreatmentofprepayments.*Note:AllasteriskedQuestions,Exercises,andProblemsrelatetomaterialcontainedintheappendix*tothechapter.3-1ASSIGNMENTCHARACTERISTICSTABLEProblemDifficultyTimeNumber1ADescriptionPrepareadjustingentries,posttoledgeraccounts,andLevelSimpleAllotted(min.)40−50prepareanadjustedtrialbalance.2APrepareadjustingentries,post,andprepareanadjustedSimple50−60trialbalanceandfinancialstatements.3A4A5APrepareadjustingentriesandfinancialstatements.Prepareadjustingentries.JournalizetransactionsandfollowthroughaccountingModerateModerateModerate40−5030−4060−70cycletopreparationoffinancialstatements.*6A*Prepareadjustingentries,anadjustedtrialbalance,andModerate40−50financialstatementsusingappendix.1BPrepareadjustingentries,posttoledgeraccounts,andSimple40−50prepareanadjustedtrialbalance.2BPrepareadjustingentries,post,andprepareanadjustedSimple50−60trialbalanceandfinancialstatements.3B4B5BPrepareadjustingentriesandfinancialstatements.Prepareadjustingentries.Journaliz
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