ACC 291 Whole Class Wk 1-5 – All DQs, Assignments (Individual and Team)
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Week 1
Resources: Ch. 9 of Financial Accounting
Complete Exercise E9-2.
Submit as either a Microsoft® Excel® or Word document.
Week 2
Resources: Ch. 9 of Financial Accounting
Complete Exercise E9-1 (2 points), E9-7 (2 points), & E9-12(1 point).
Complete Problem P9-7B (3 points).
Submit as a Microsoft® Excel® or Word document.
Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business?
• Prepare journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.
• Distinguish between tangible and intangible assets.
• Identify the entries associated with the acquisition, disposal, and sales of plant assets.
• Distinguish between revenue and capital expenditures, and the entries associated with each.
Write a 350- to 500-word summary of your Learning Team’s discussion.
Week 3
Resources: Ch. 10 of Financial Accounting.
Complete Exercise E10-6 (1 points), E10-8 (1 point), & E10-18 (1 point).
Complete Problem 10-3A (2 points) & 10-6A (2 points).
Submit as a Microsoft® Excel® or Word document.
Discuss the objectives for Week Two. How do they relate to the practice of accounting and its uses in business?
• Differentiate accounts payable, notes payable, and accrued expenses.
• Prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts.
• Calculate depreciation and amortization expense using various methods.
Write a 350- to 500-word summary of your Learning Team’s discussion.
Week 3
Resources: Ch. 11 & 12 of Financial Accounting.
Complete Exercises E11-15 (2 points), E12-1 (1 point) & E12-2 (1 point).
Complete Problem 11-6A (3...