ASSIGNMENTS MODULE TOPIC 4 Adjust and close the accounts of a merchandising Chapter Exam CH5 Module 4 business Chapter Exam CH6: Continued. 5 Prepare a merchandiser's financial statements (Graded Assignments 7 Account for the purchase and sale of merchandise in MyAccountingLab) inventory using a periodic system (Appendix 5A) Weekly Discussion CH 6 Continue working on Comprehensive Merchandise Inventory: Problem 1 Identify accounting principles and controls related to (Graded Assignments merchandise inventory in MyAccountingLab) 2 Account for merchandise inventory costs under a perpetual inventory system 3 Compare the effects on the financial statements of the when using the different inventory costing methods 4 Apply the lower-of-cost-or-market rule to merchandise inventory 7 Account for merchandise inventory costs under a periodic inventory system 8 Estimate the cost of ending merchandise inventory using the gross profit method and the retail method Homework CH7 Module 5 CH 7 Homework CH8 Internal Control and Cash (Graded Assignments 1 Define internal control and describe the components in MyAccountingLab) of internal control and control procedures 2 Apply internal controls to cash receipts Chapter Exam CH7 3 Apply internal controls to cash payments Chapter Exam CH8: 4 Explain and journalize petty cash transactions (Graded Assignments 5 Demonstrate the use of a bank account as a control in MyAccountingLab) device and prepare a bank reconciliation and related journal entries Weekly Discussion Due Comprehensive Problem CH 8 (Graded Assignments Receivables: in MyAccountingLab) 1 Define and explain common types of receivables and journalize sales on credit, credit card sales, and debit card sales 2 Apply the direct write-off method for uncollectibles 3 Apply the allowance method for uncollectibles and estimate bad debts expense based on the percent-of-receivables, and aging-of-receivables methods 4 Account for notes receivable including computing interest and recording honored and dishonored notes
MODULE TOPIC ASSIGNMENTS Module 4 Continued. 4 Adjust and close the accounts of a merchandising business 5 Prepare a merchandiser's financial statements 7 Account for the purchase and sale of merchandise inventory using a periodic system (Appendix 5A) CH 6 Merchandise Inventory: 1 Identify accounting principles and controls related to merchandise inventory 2 Account for merchandise inventory costs under a perpetual inventory system 3 Compare the effects on the financial statements of the when using the different inventory costing methods 4 Apply the lower-of-cost-or-market rule to merchandise inventory 7 Account for merchandise inventory costs under a periodic inventory system 8 Estimate the cost of ending merchandise inventory using the gross profit method and the retail method Chapter Exam CH5 Chapter Exam CH6: (Graded Assignments in MyAccountingLab) Weekly Discussion Continue working on Comprehensive Problem (Graded Assignments in MyAccountingLab) Module 5 CH 7 Internal Control and Cash 1 Define internal control and describe the components of internal control and control procedures 2 Apply internal controls to cash receipts 3 Apply internal controls to cash payments 4 Explain and journalize petty cash transactions 5 Demonstrate the use of a bank account as a control device and prepare a bank reconciliation and related journal entries CH 8 Receivables: 1 Define and explain common types of receivables and journalize sales on credit, credit card sales, and debit card sales 2 Apply the direct write-off method for uncollectibles 3 Apply the allowance method for uncollectibles and estimate bad debts expense based on the percent-of-receivables, and aging-of-receivables methods 4 Account for notes receivable including computing interest and recording honored and dishonored notes Homework CH7 Homework CH8 (Graded Assignments in MyAccountingLab) Chapter Exam CH7 Chapter Exam CH8: (Graded Assignments in MyAccountingLab) Weekly Discussion Due Comprehensive Problem (Graded Assignments in MyAccountingLab)
ACG_2021_FA17_8W2_syllabus.docx