College Accounting - Chapter One Quick Study, Exercises, and Problems

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