NAME____________________________________CHAPTER 2 CHECKLIST
NAME____________________________________
_____ Read Chapter 2 and complete the questions below.
_____ Write the classifications of the fundamental accounting equation in T-account form with Dr. Cr. and correct signs (only Assets, Liabilities, Owner’s Equity)
_____ Write the classifications of the expanded accounting equation in 5 T-accounts with Dr. Cr. and correct signs (and this time include Revenue and Expenses)
_____ List the steps in analyzing a transaction:
A
C
I
D
ASSIGNMENT FOR CHAPTER 2 (Check figures are on Lecture Notes for Ch. 2)
(DO ONLY "A" PROBLEMS
_____ COMPLETE 2-3A )
_____ COMPLETE 2-4A
_____ Review the Demonstration Problem for Ch. 2 in your Working Papers. The Total Assets amount
on the Balance Sheet amount is_________________.
_____ WITH YOUR ASSIGNED GROUP, COMPLETE Exercise 2-5 unscramble the scrambled trial balance.(check figure total is 68,200) Then SEND ONE COPY OF THE CORRECTED TRIAL BALANCE WITH EVERYONE WHO CONTRIBUTED TO THE SOLUTION TO ME WITH THE SUBJECT LINE 121, Group Name, Exercise 2-5
_____ Complete Ch. 2 Homework Audit Quiz on Blackboard (See Announcements)
_____ COMPLETE Chapter 2 Study Guide in Working Papers (NOT REQUIRED--just highly recommended before a test). Answers are near back of working papers.
Test for Chapter 1 and 2. It will include the following:
The test copy will be e-mailed to you to fill in before answering the questions on Blackboard.
a. glossary terms--completion
b. entering transactions in a grid (like Ch. 1, 1-3 or 1-4)
c. classification of accounts
d. scrambled trial balance
e. preparation of income statement, statement of owner’s equity, and balance
sheet from numbers given
_____ READ CHAPTER 3