Quick Study, Exercises, and Problems
1. Do QS: 1-1 – Identifying Accounting Users pg 28
1-2 – Identifying Accounting Terms pg28
1-3 – Accounting opportunities pg28
1-4 – Explain Internal Controls pg 29
1-5 – Identifying Accounting Principles pg 29
Ex. 1-6 – Using the Acct Equation pg 29
Ex. 1-10 – Analyzing the Accounting Equation pg 31
2. Do QS: 1-7 – Applying the Accounting Equation pg 29
1-8 – Applying the Accounting Equation pg 29
Ex. 1-11 – Identifying Transactions in the Accounting Equation pg 32
Ex. 1-12 – Identifying Transactions in the accounting Equation pg 32
Problem 1-1 - Computing missing information pg 33
3. Do. QS: 1-10 – Identifying Transactions pg 29
1-11 – Identifying Items on F/S pg 29
Ex. 1-13 – I/S pg 32
Ex. 1-14 – SCOE pg 32
Ex. 1-15 – B/S pg 32
Ex. 1-16 – Cash Flow pg 33
4. Do QS: 1-9 – Identifying Effects of Transactions pg 29
EX. 1-7 – Acct Terms pg 31
Problem 1-2 – Identifying Transactions on F/S pg 34
5. Do: EX. 1-2 Accounting Responsibilities pg 30
1-4 Accounting Principles pg 30
Problem 1-3 – I/S pg 34
1-6 – SOCOE pg 35
1- 4 – B/S pg 34
1-5 – Cash Flow pg 35
6. Do: EX. 1-5 Business types pg 30
Problem 1-7 Analyzing Transactions & F/S pg 35
7. Do: Problem 1-8 pg 36 Full Procedure
ROI QS 1-12
Ex 18
Prob 11
Backup problem 1 -2