2 Define debits, credits, and normal account balances, and use double-entry accounting and T accounts 3 Record transactions in a journal and post journal entries to the ledger 4 Prepare the trial balance and illustrate how to use the trial balance to prepare financial statements Module 2 CH 3 The Adjusting Process: Homework CH3 Due Date 1 Differentiate between cash basis accounting and (Graded Assignments 8/30/15 accrual basis accounting in MyAccountingLab) 2 Define and apply the time period concept, revenue recognition and matching principles Homework CH4 3 Explain the purpose of and journalize and post (Graded Assignments adjusting entries in MyAccountingLab) 4 Explain the purpose of and prepare an adjusted trial balance Chapter Exam 5 Identify the impact of adjusting entries on the financial CH3&4: statements (Graded Assignments 6 Explain the purpose of a worksheet and use it to in MyAccountingLab) prepare adjusting entries and the adjusted trial balance Module 3 “Real-World” Discussion-Forum CH 4 Completing the Accounting Cycle: 1 Prepare financial statements including the classified balance sheet 2 Use the worksheet to prepare financial statements 3 Explain the purpose of, journalize, and post closing entries 4 Prepare the post-closing trial balance 5 Describe the accounting cycle Module 3 CH 5 (including Appendix A) Homework CH5 Merchandising Operations: (Graded Assignments Due Date 1 Describe merchandising operations and the two types in MyAccountingLab) 9/6/15 of merchandise inventory systems 2 Account for the purchase of merchandise inventory Module 3 “Real-World” using a perpetual inventory system Discussion-Forum 3 Account for the sale of merchandise inventory using a perpetual inventory system Begin working on 4 Adjust and close the accounts of a merchandising Comprehensive business Problem (MyAccountingLab) MODULE ASSIGNMENTS TOPIC Module 3 5 Prepare a merchandiser's financial statements (Continued) 6 Account for the purchase and sale of merchandise inventory using a periodic system (Appendix 5A)
2 Define debits, credits, and normal account balances, and use double-entry accounting and T accounts 3 Record transactions in a journal and post journal entries to the ledger 4 Prepare the trial balance and illustrate how to use the trial balance to prepare financial statements Module 2 Due Date 8/30/15 CH 3 The Adjusting Process: 1 Differentiate between cash basis accounting and accrual basis accounting 2 Define and apply the time period concept, revenue recognition and matching principles 3 Explain the purpose of and journalize and post adjusting entries 4 Explain the purpose of and prepare an adjusted trial balance 5 Identify the impact of adjusting entries on the financial statements 6 Explain the purpose of a worksheet and use it to prepare adjusting entries and the adjusted trial balance CH 4 Completing the Accounting Cycle: 1 Prepare financial statements including the classified balance sheet 2 Use the worksheet to prepare financial statements 3 Explain the purpose of, journalize, and post closing entries 4 Prepare the post-closing trial balance 5 Describe the accounting cycle Homework CH3 (Graded Assignments in MyAccountingLab) Homework CH4 (Graded Assignments in MyAccountingLab) Chapter Exam CH3&4: (Graded Assignments in MyAccountingLab) Module 3 “Real-World” Discussion-Forum Module 3 Due Date 9/6/15 CH 5 (including Appendix A) Merchandising Operations: 1 Describe merchandising operations and the two types of merchandise inventory systems 2 Account for the purchase of merchandise inventory using a perpetual inventory system 3 Account for the sale of merchandise inventory using a perpetual inventory system 4 Adjust and close the accounts of a merchandising business Homework CH5 (Graded Assignments in MyAccountingLab) Module 3 “Real-World” Discussion-Forum Begin working on Comprehensive Problem (MyAccountingLab) MODULE TOPIC ASSIGNMENTS Module 3 (Continued) 5 Prepare a merchandiser's financial statements 6 Account for the purchase and sale of merchandise inventory using a periodic system (Appendix 5A)
ACG_2021_Sec_12_Syllabus_-_Petty.docx