ASSIGNMENT CLASSIFICATION TABLE

Copyright © 2016 John Wiley & Sons, Inc. WeygandtFinancial,IFRS, 3/e, Solution’s Manual (For Instructor Use Only) 2-1

CHAPTER 2

The Recording Process

ASSIGNMENT CLASSIFICATION TABLE

Learning Objectives Questions Brief ExercisesDo It!Exercises A Problems B Problems 1.Explain what an account is and how it helps in the recording process.11 2.Define debits and credits and explain their use in recording business transactions.

2, 3, 4, 5,

6, 7, 8, 9,

14, 21

1, 2, 5 1 2, 4, 6,

7, 14

1A, 2A,

3A, 5A

1B, 2B,

3B, 5B

3.Identify the basic steps in the recording process.

10, 19 46, 7

4.Explain what a journal is and how it helps in the recording process.

11, 12, 13,

14, 16

3, 6 2 3, 5, 6, 7

10, 11, 12

1A, 2A,

3A, 5A

1B, 2B,

3B, 5B

5.Explain what a ledger is and how it helps in the recording process.178 6.Explain what posting is and how it helps in the recording process.

15, 17 7, 8 3 9, 12 2A, 3A, 5A2B, 3B, 5B

7.Prepare a trial balance and explain itspurposes.

18, 20 9, 10 4 9, 10, 11,

13, 14, 15

2A, 3A,

4A, 5A

2B, 3B,

4B, 5B

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Copyright © 2016 John Wiley & Sons, Inc. WeygandtFinancial,IFRS, 3/e, Solution’s Manual (For Instructor Use Only) 2-2

ASSIGNMENT CHARACTERISTICS TABLE

Problem NumberDescription Difficulty Level Time Allotted (min.) 1A Journalize a series of transactions.Simple 20–30 2A Journalize transactions, post, and prepare a trial balance.Simple 30–40 3A Journalize and post transactions and prepare a trialbalance.Moderate 40–50 4A Prepare a correct trial balance.Moderate 30–40 5A Journalize transactions, post, and prepare a trial balance.Moderate 40–50 1B Journalize a series of transactions.Simple 20–30 2B Journalize transactions, post, and prepare a trial balance.Simple 30–40 3B Journalize transactions, post, and prepare a trial balance.Moderate 40–50 4B Prepare a correct trial balance.Moderate 30–40 5B Journalize transactions, post, and prepare a trial balance.Moderate 40–50

Copyright © 2016 John Wiley & Sons, Inc. WeygandtFinancial,IFRS, 3/e, Solution’s Manual (For Instructor Use Only) 2-3 WEYGANDT FINANCIAL A CCOUNTING, IFRS Version, 3e

CHAPTER 2

THE RECORDING PROCESS

NumberLO BT Difficulty Time (min.) BE12CSimple6–8 BE22CSimple4–6 BE34APSimple4–6 BE43C Moderate 4–6 BE52CSimple6–8 BE64APSimple4–6 BE76APSimple4–6 BE86APSimple4–6 BE97APSimple4–6 BE107AN Moderate 6–8 DI12CSimple3–5 DI24APSimple3–5 DI36APSimple2–4 DI47APSimple6–8 EX11KSimple2–4 EX22CSimple 10–15 EX34APSimple8–10 EX42CSimple6–8 EX54APSimple6–8 EX62–4 APSimple6–8 EX72–4 APSimple8–10 EX85KSimple2–4 EX96, 7 APSimple 10–12 EX104, 7 AP Moderate 10–12 EX114, 7 AP Moderate 12–15 EX124, 6 AP Moderate 12–15 EX137AN Moderate 6–8 EX142, 7 APSimple8–10 EX157CSimple4–6

Copyright © 2016 John Wiley & Sons, Inc. WeygandtFinancial,IFRS, 3/e, Solution’s Manual (For Instructor Use Only) 2-4 THE RECORDING PROCESS (Continued) NumberLO BT Difficulty Time (min.) P1A2, 4 APSimple 20–30 P2A2, 4, 6, 7 APSimple 30–40 P3A2, 4, 6,7 AP Moderate 40–50 P4A7AN Moderate 30–40 P5A2, 4, 6, 7 AP Moderate 40–50 P1B2, 4 APSimple 20–30 P2B2, 4, 6, 7 APSimple 30–40 P3B2, 4, 6, 7 AP Moderate 40–50 P4B7AN Moderate 30–40 P5B2, 4, 6, 7 AP Moderate 40–50 BYP12CSimple8–10 BYP22ANSimple8–10 BYP3—APSimple 15–20 BYP44, 6, 7 AP, S Moderate 20–30 BYP53–6 SSimple 10–15 BYP67 AN, E Moderate 10–15