__________________________________________________________________________________________________ __________________________________________________________________________________________

Accounting 2 -- First Assignments

Uncollectable Accounts

Target(s): Journalizing and Recording Bad Debts and Uncollectable Accounts

Main Targets:
  1. Using the Journal to record a Bad Debt
  2. Reversing a Bad Debt to record a payment
  3. Journal and Posting to the Ledgers the whole set of Transactions

Example of Transactions for Uncollectable Accounts

____________________________________________________________________________________

Accounting 2 Assignment 1--Uncollectable Accounts and Transactions

Accounting 2 Assignment 2--Uncollectable Accounts and Transactions

Accounting 2 Assignment 3--Uncollectable Accounts and Transactions

Friday's Assignment

Accounting 2 Assignment 4--Uncollectable Accounts and Transactions

Accounting 2 2nd Assignments

Plant Assets and Depreciation Schedules

Target(s): Journalizing a Plant Asset, Depreciating a Plant Asset, Selling a Plant Asset.

Target(s): Journalizing and Recording Bad Debts and Uncollectable Accounts

Main Targets:
  1. Using the Journal to record Depreciation using 3 different recording Options
  2. The 3 main ways to depreciate a plant Asset:
    • Straight Line=Original Price - Salvage Value / by the years to Depreciate
    • Double Declining=Original Price - Salvage Value / by the years to Depreciate times 2 the percentage
    • Sum of the Years=Original Price - Salvage Value / by (Each Year/total years together) Example: (4 years = 4 + 3 + 2 + 1 = 10 or first year is 4/10)

Examples of how to depreciate an Asset

List of Assets

  1. Asset #1--Computer: Cost; 3000 Salvage Value; 200: Years 4
  2. Asset #2--Desk: Cost; 8000 Salvage Value; 600: Years 5
  3. Asset #3--Chair: Cost; 250 Salvage Value; 30: Years 5
  4. Asset #4--Printer: Cost; 600 Salvage Value; 50: Years 4
  5. Asset #5--Car: Cost; 23000 Salvage Value; 3000: Years 5
  6. Asset #6--Laptop: Cost; 1500 Salvage Value; 300: Years 4
  7. Asset #7--Tables: Cost; 4000 Salvage Value; 2000: Years 5
  8. Asset #8--Cell Phone: Cost; 500 Salvage Value; 100: Years 5
  9. Asset #9--Delivery Truck: Cost; 35000 Salvage Value; 7500: Years 5
  10. Asset #10--Trailer: Cost; 8000 Salvage Value; 1500: Years 5

Wednesday Assignments

  1. Asset #1--Computer: Cost; 2800 Salvage Value; 200: Years 4
  2. Asset #2--Desk: Cost; 5000 Salvage Value; 600: Years 5
  3. Asset #3--Chair: Cost; 650 Salvage Value; 30: Years 5
  4. Asset #4--Printer: Cost; 1100 Salvage Value; 50: Years 4
  5. Asset #5--Car: Cost; 21700 Salvage Value; 3000: Years 5
  6. Asset #6--Laptop: Cost; 1800 Salvage Value; 300: Years 4
  7. Asset #7--Tables: Cost; 5000 Salvage Value; 2000: Years 5
  8. Asset #8--Cell Phone: Cost; 650 Salvage Value; 100: Years 5
  9. Asset #9--Delivery Truck: Cost; 38500 Salvage Value; 7500: Years 5
  10. Asset #10--Trailer: Cost; 9800 Salvage Value; 1500: Years 5

____________________________________________________________________
  • Straight Line
  • Accounting 2

    Target(s): Journalizing a Plant Asset, Depreciating a Plant Asset, Selling a Plant Asset.

    Plant Assets and Depreciation Schedules

    Main Targets:
    1. Using the Journal to record Depreciation using 3 different recording Options
    2. The 3 main ways to depreciate a plant Asset:
      • Straight Line=Original Price - Salvage Value / by the years to Depreciate
      • Double Declining=Original Price - Salvage Value / by the years to Depreciate times 2 the percentage
      • Sum of the Years=Original Price - Salvage Value / by (Each Year/total years together) Example: (4 years = 4 + 3 + 2 + 1 = 10 or first year is 4/10)

    List of Assets=Wednesday Sept 10th

    1. Asset #1--Computer: Cost; 3000 Salvage Value; 200: Years 4
    2. Asset #2--Desk: Cost; 8000 Salvage Value; 600: Years 5
    3. Asset #3--Chair: Cost; 250 Salvage Value; 30: Years 5
    4. Asset #4--Printer: Cost; 600 Salvage Value; 50: Years 4
    5. Asset #5--Car: Cost; 23000 Salvage Value; 3000: Years 5
    6. Asset #6--Laptop: Cost; 1500 Salvage Value; 300: Years 4
    7. Asset #7--Tables: Cost; 4000 Salvage Value; 2000: Years 5
    8. Asset #8--Cell Phone: Cost; 500 Salvage Value; 100: Years 5
    9. Asset #9--Delivery Truck: Cost; 35000 Salvage Value; 7500: Years 5
    10. Asset #10--Trailer: Cost; 8000 Salvage Value; 1500: Years 5

  • Double Declining--Assets 1-5
  • Double Declining--Assets 6-10
  • ___________________________________________________________________________________________

    Wednesday Assignment--Sept 10

    1. Asset #1--Computer: Cost; 2800 Salvage Value; 200: Years 4
    2. Asset #2--Desk: Cost; 5000 Salvage Value; 400: Years 5
    3. Asset #3--Chair: Cost; 650 Salvage Value; 30: Years 5
    4. Asset #4--Printer: Cost; 1100 Salvage Value; 50: Years 4
    5. Asset #5--Car: Cost; 21700 Salvage Value; 1000: Years 5
    6. Asset #6--Laptop: Cost; 1800 Salvage Value; 75: Years 4
    7. Asset #7--Tables: Cost; 5000 Salvage Value; 600: Years 5
    8. Asset #8--Cell Phone: Cost; 650 Salvage Value; 40: Years 3
    9. Asset #9--Delivery Truck: Cost; 38500 Salvage Value; 400: Years 5
    10. Asset #10--Trailer: Cost; 9800 Salvage Value; 1000: Years 5
    11. Asset #11--Cash Register: Cost; 500 Salvage Value; 20: Years 5
    12. Asset #12--Glass Display: Cost; 4200 Salvage Value; 300: Years 4
    13. Asset #13--Neon Sign: Cost; 1200 Salvage Value; 50: Years 3
    14. Asset #14--Fax Machine: Cost; 7400 Salvage Value; 1000: Years 4
    15. Asset #15--Portable Scanner: Cost; 5400 Salvage Value; 425: Years 3

    Double Declining

    _______________________________________________________________________

    Friday September 12th--Doing both Straight Line and Double Declining

    1. Asset #1--Computer: Cost; 5800 Salvage Value; 300: Years 4
    2. Asset #2--Desk: Cost; 7200 Salvage Value; 400: Years 5
    3. Asset #3--Chair: Cost; 500 Salvage Value; 10: Years 5
    4. Asset #4--Printer: Cost; 600 Salvage Value; 5: Years 4
    5. Asset #5--Car: Cost; 42300 Salvage Value; 2500: Years 5
    6. Asset #6--Laptop: Cost; 2200 Salvage Value; 175: Years 4
    7. Asset #7--Tables: Cost; 6000 Salvage Value; 1600: Years 5
    8. Asset #8--Cell Phone: Cost; 250 Salvage Value; 40: Years 3
    9. Asset #9--Delivery Truck: Cost; 42500 Salvage Value; 2400: Years 5
    10. Asset #10--Trailer: Cost; 10800 Salvage Value; 1000: Years 5
    11. Asset #11--Cash Register: Cost; 300 Salvage Value; 20: Years 5
    12. Asset #12--Sign for Building: Cost; 3200 Salvage Value; 0: Years 4
    13. Asset #13--Neon Sign: Cost; 850 Salvage Value; 50: Years 3
    14. Asset #14--Fax Machine: Cost; 4000 Salvage Value; 1000: Years 4
    15. Asset #15--Portable Scanner: Cost; 800 Salvage Value; 60: Years 3

    Straight and Double Declining Methods

    _____________________________________________________________________________

    Monday September 15th

    Both Straight and Double Declining
    1. Asset #1--Computer: Cost; 6500 Salvage Value; 200: Years 4
    2. Asset #2--Desk: Cost; 9000 Salvage Value; 400: Years 5
    3. Asset #3--Chair: Cost; 750 Salvage Value; 30: Years 5
    4. Asset #4--Printer: Cost; 900 Salvage Value; 50: Years 4
    5. Asset #5--Car: Cost; 24300 Salvage Value; 1000: Years 5
    6. Asset #6--Laptop: Cost; 1800 Salvage Value; 75: Years 4
    7. Asset #7--Sofa And Chairs: Cost; 9000 Salvage Value; 3500: Years 5
    8. Asset #8--Cell Phones: Cost; 1950 Salvage Value; 450: Years 3
    9. Asset #9--Delivery Truck: Cost; 65000 Salvage Value; 11000: Years 5
    10. Asset #10--Trailer: Cost; 8800 Salvage Value; 1000: Years 5
    11. Asset #11--Credit Card Scanner: Cost; 4500 Salvage Value; 500: Years 5
    12. Asset #12--Storage Unit: Cost; 7500 Salvage Value; 500: Years 4
    13. Asset #13--Ipad: Cost; 700 Salvage Value; 250: Years 3
    14. Asset #14--Building: Cost; 225000 Salvage Value; 180000: Years 5
    15. Asset #15--Equipment: Cost; 9500 Salvage Value; 650: Years 4

    Straight and Double Declining Methods

    Main Targets:
    1. Using the Journal to record Depreciation using 3 different recording Options
    2. The 3 main ways to depreciate a plant Asset:
      • Straight Line=Original Price - Salvage Value / by the years to Depreciate
      • Double Declining=Original Price - Salvage Value / by the years to Depreciate times 2 the percentage
      • Sum of the Years=Original Price - Salvage Value / by (Each Year/total years together) Example: (4 years = 4 + 3 + 2 + 1 = 10 or first year is 4/10)

    Trick to sum of the years. If it is 5 years you find the percentage by following this rule:

    1. Add the Years up---> 5 + 4 + 3 + 2 + 1 = 15
    2. The you Use this formula for the first year: 5 divided by 15 (5/15=33%) and use 33% for the first year
    3. The you Use this formula for the second year: 4 divided by 15 (4/15=26.66%) and use 26.66% for the second year
    4. The you Use this formula for the third year: 3 divided by 15 (3/15=20%) and use 20% for the third year
    5. The you Use this formula for the forth year: 2 divided by 15 (2/15=13.33%) and use 13.33% for the forth year
    6. The you Use this formula for the fifth year: 1 divided by 15 (1/15=6.66%) and use 6.66% for the fifth year

    For 4 years the sum of the years is 12 (4 + 3 + 2 + 1 = 10)

    For 3 years the sum of the years is 6 (3 + 2 + 1 = 6)

    List of Assets=Tuesday September 16th

    1. Asset #1--Computer: Cost; 3000 Salvage Value; 200: Years 4
    2. Asset #2--Desk: Cost; 8000 Salvage Value; 600: Years 5
    3. Asset #3--Chair: Cost; 250 Salvage Value; 30: Years 5
    4. Asset #4--Printer: Cost; 600 Salvage Value; 50: Years 4
    5. Asset #5--Car: Cost; 23000 Salvage Value; 3000: Years 5
    6. Asset #6--Laptop: Cost; 1500 Salvage Value; 300: Years 4
    7. Asset #7--Tables: Cost; 4000 Salvage Value; 2000: Years 5
    8. Asset #8--Cell Phone: Cost; 500 Salvage Value; 100: Years 5
    9. Asset #9--Delivery Truck: Cost; 35000 Salvage Value; 7500: Years 5
    10. Asset #10--Trailer: Cost; 8000 Salvage Value; 1500: Years 5

  • Sum of the Years
  • Accounting Using all 3

    Wednesday Assignment--Sept 17th

    1. Asset #1--Computer: Cost; 2800 Salvage Value; 200: Years 4
    2. Asset #2--Desk: Cost; 5000 Salvage Value; 400: Years 5
    3. Asset #3--Chair: Cost; 650 Salvage Value; 30: Years 5
    4. Asset #4--Printer: Cost; 1100 Salvage Value; 50: Years 4
    5. Asset #5--Car: Cost; 21700 Salvage Value; 1000: Years 5
    6. Asset #6--Laptop: Cost; 1800 Salvage Value; 75: Years 4
    7. Asset #7--Tables: Cost; 5000 Salvage Value; 600: Years 5
    8. Asset #8--Cell Phone: Cost; 650 Salvage Value; 40: Years 3
    9. Asset #9--Delivery Truck: Cost; 38500 Salvage Value; 400: Years 5
    10. Asset #10--Trailer: Cost; 9800 Salvage Value; 1000: Years 5
    11. Asset #11--Cash Register: Cost; 500 Salvage Value; 20: Years 5
    12. Asset #12--Glass Display: Cost; 4200 Salvage Value; 300: Years 4
    13. Asset #13--Neon Sign: Cost; 1200 Salvage Value; 50: Years 3
    14. Asset #14--Fax Machine: Cost; 7400 Salvage Value; 1000: Years 4
    15. Asset #15--Portable Scanner: Cost; 5400 Salvage Value; 425: Years 3

    Sum of the Years Assignment #2

    _______________________________________________________________________

    Part 3 Wednesday--Doing all: Sum of the Years, Straight Line and Double Declining

    1. Asset #1--Computer: Cost; 6000 Salvage Value; 400: Years 4
    2. Asset #2--Desk: Cost; 8500 Salvage Value; 1000: Years 5
    3. Asset #3--Chair: Cost; 425 Salvage Value; 25: Years 5
    4. Asset #4--Printer: Cost; 1800 Salvage Value; 250: Years 4
    5. Asset #5--Car: Cost; 47500 Salvage Value; 5000: Years 5

    Straight, Sum of the Years and Double Declining Methods

    _______________________________________________________________________

    Monday--Doing all: Sum of the Years, Straight Line and Double Declining--September 22nd

    1. Asset #1--Computer: Cost; 7500 Salvage Value; 600: Years 4
    2. Asset #2--Desk: Cost; 5500 Salvage Value; 750: Years 4
    3. Asset #3--Chair: Cost; 700 Salvage Value; 60: Years 5
    4. Asset #4--Printer: Cost; 4200 Salvage Value; 800: Years 4
    5. Asset #5--Car: Cost; 125000 Salvage Value; 25000: Years 5

    Straight, Sum of the Years and Double Declining Methods

    Accounting 2 3rd Assignments

    Target: The Buying, Depreciating and Selling of a Plant Asset

    Main Targets:
    1. The Buying of Plant Assets: Recording the Transaction
    2. The Recording of Depreciation of a Plant Asset
    3. Recording the Sale of a Plant Asset:
      • With Gain
      • With Loss
      • With neither Loss of Gain

    Assignment 1: Journal Spreadsheet

    Cash Payments Journal

    1. July 2: Bought a Plant Asset (Delivery Truck) for $75,000. C235
    2. August 15: Bought an Equipment Asset (Sign) for $800. C276
    3. October 1: Bought an Equipment Asset (iPad) for $500. C289

    General Journal

    1. December 31st: Recorded Accumulated Depreciation Expense $935. M32

    Cash Receipts Journal

    1. Sold the Truck for $10000; Accumulated Depreciation was $60,000, loss was ____________
    2. Sold the iPad for $300, Accumulated Depreciation was $100, Gain was __________

    __________________________________________________________________________________________________________

    September 23rd -- Tuesday

    Assignment 2: Journal Spreadsheet

    Cash Payments Journal

    1. March 18th: Bought a Plant Asset (Truck) for $70,000. C235
    2. April 29th: Bought an Equipment Asset (Computer) for $2500. C276
    3. March 18th: Bought a Plant Asset (Car) for $55,000. C305
    4. April 29th: Bought an Equipment Asset (Store Sign) for $3800. C318
    5. August 15th: Bought an Equipment Asset (Printer) for $1400. C332

    General Journal

    1. December 31st: Recorded Accumulated Depreciation Expense $1250. M32

    Cash Receipts Journal

    1. Sold the Car for $5000; Accumulated Depreciation was $48,000, Loss of $2000 (This goes to General Debit as "Loss on Asset")
    2. Sold the Printer for $400, Accumulated Depreciation was $1300, Gain on the asset was $300 (This goes to General Credit as "Gain on Asset")
    3. Sold the Truck for $4500, Accumulated Depreciation was $66000, Gain on the asset was $500 (This goes to General Credit as "Gain on Asset")
    4. Sold the Computer for $300, Accumulated Depreciation was $2000, Loss on the asset was $200 (This goes to General Debit as "Loss on Asset")

    __________________________________________________________________________________________________________ Assignment 3: Journal Spreadsheet 3

    Wednesday September 24th

    Cash Payments Journal

    1. January 1st: Bought a Plant Asset (Building) for $325,000. C1253
    2. January 21st: Bought an Equipment Asset (Computer) for $4250. C1345
    3. March 18th: Bought a Plant Asset (Storage Unit) for $35,000. C1427
    4. April 29th: Bought an Equipment Asset (Store Sign) for $5200. C1638
    5. June 15th: Bought an Equipment Asset (Printer) for $6400. C2332
    6. July 2nd: Bought a Plant Asset (Truck) for $87,000. C2235
    7. July 31st: Bought an Equipment Asset (Desk) for $1200. C3276
    8. August 4th: Bought a Plant Asset (Car) for $38,000. C3305
    9. August 9th: Bought an Equipment Asset (TV) for $3800. C3318
    10. August 15th: Bought an Equipment Asset (Tables) for $7100. C4002

    General Journal

    1. December 31st: Recorded Accumulated Depreciation-Plant Assets Expense $132650. M32
    2. December 31st: Recorded Accumulated Depreciation-Equipment Assets Expense $7320. M33

    Cash Receipts Journal

    1. February 28th: Sold the Car for $4000; Accumulated Depreciation was $34,000. No Gain or Loss
    2. May 12th: Sold the Printer for $1400, Accumulated Depreciation was $4800, Loss on the asset was $200 (This goes to General Debit as "Loss on Asset")
    3. June 21st: Sold the Truck for $13500, Accumulated Depreciation was $76000, Gain on the asset was $2500 (This goes to General Credit as "Gain on Asset")
    4. October 31st: Sold the Computer for $250, Accumulated Depreciation was $3800, Loss on the asset was $200 (This goes to General Debit as "Loss on Asset")
    5. November 26th: Sold the TV for $150, Accumulated Depreciation was 3000, Loss on the asset was $650.
    6. December 25th: Sold the Desk for 400, Accumulated Depreciation was 500, Loss on the Asset was $300.

    __________________________________________________________________________________________________________

    Assignment 4: Journal Spreadsheet

    Wednesday September 24th Part 2

    Cash Payments Journal

    1. February 18th: Bought a Plant Asset (Truck) for $86,000. C235
    2. May 29th: Bought an Equipment Asset (Computer) for $4600. C276
    3. June 13th: Bought a Plant Asset (Car) for $21,000. C305
    4. September 29th: Bought an Equipment Asset (Store Sign) for $800. C318
    5. November 15th: Bought an Equipment Asset (Printer) for $1200. C332

    General Journal

    1. December 31st: Recorded Accumulated Depreciation Expense $2925. M32

    Cash Receipts Journal

    1. February 14th: Sold the Car for $5000; Accumulated Depreciation was $15,000, Loss of $1000 (This goes to General Debit as "Loss on Asset")
    2. March 18th: Sold the Printer for $400, Accumulated Depreciation was $1000, Gain on the asset was $200 (This goes to General Credit as "Gain on Asset")
    3. April 29th: Sold the Truck for $14000, Accumulated Depreciation was $73000, Gain on the asset was $1000 (This goes to General Credit as "Gain on Asset")
    4. July 31st: Sold the Computer for $300, Accumulated Depreciation was $3700, Loss on the asset was $600 (This goes to General Debit as "Loss on Asset")
    __________________________________________________________________________________________________________

    Assignment 5: Summative Journal Spreadsheet

    Friday September 26th--Summative

    Cash Payments Journal

    1. September 18th: Bought a Plant Asset (Delivery Truck) for $256,000. C15
    2. October 10th: Bought an Equipment Asset (10 Ipads) for $6000. C18
    3. November 15th: Bought a Plant Asset (Trailer) for $17,000. C35
    4. November 29th: Bought an Equipment Asset (Printer) for $1500. C38
    5. December 15th: Bought an Equipment Asset (Wireless Router) for $200. C45

    General Journal

    1. December 31st: Recorded Accumulated Depreciation Expense $18353. M3

    Cash Receipts Journal

    1. February 14th: Sold the Delivery Truck for $45,000; Accumulated Depreciation was $215,000, Gain of $4000
    2. March 18th: Sold the Ipads for $2400, Accumulated Depreciation was $3000, Loss on the asset was $600
    3. April 29th: Sold the Trailer for $14000, Accumulated Depreciation was $3000, No Gain or Loss
    4. June 21st: Sold the Printer for $300, Accumulated Depreciation was $1100, Loss on the asset was $100
    __________________________________________________________________________________________________________

    Accounting 2 4th Assignments

    Understanding Interest Rates

    Main Targets:
    1. Understanding Interest Rates
    2. Creating Formulas for Interest on a Loan
    3. Creating Formula for Future Value
    4. Creating Formula for Future Date Due
    5. Recording Notes Payable and Receivable
    Monday September 29th Assignment Loans
    Loan # Amount Interest Rate # of Days
    1 $2,500.00 5% 30
    2 $5,000.00 7% 90
    3 $4,500.00 4% 120
    4 $10,000.00 3% 30
    5 $15,000.00 6% 90
    6 $3,500.00 9% 60
    7 $7,500.00 10% 120
    8 $8,500.00 7% 90
    9 $9,000.00 5% 60
    10 $6,000.00 6% 30
    11 $5,000.00 5% 150
    12 $2,500.00 4% 180
    13 $3,500.00 3% 30
    14 $500,000.00 6% 180
    15 $75,000.00 7% 270
    16 $1,250,000.00 5% 60
    17 $350,000.00 4% 90
    Interest Rate Spreadsheet 1 _________________________________________________________________

    Interest Rates figured out for a whole period of time

    Tuesday September 30th Monthly Interest Rates for buying large plant assets _____________________________________________________________________________________________________

    Wednesday October 1st

    Assignment 1-- Monthly Interest Rates for buying large plant assets

    Assignment 2-- Monthly Interest Rates for buying large plant assets

    _____________________________________________________________________________________________________

    October 1st part 2 Part 4 Monthly Interest Rates for buying large plant assets

    Buying a Car Assignment

    Main Targets:
    1. Understanding Interest Rates
    2. Creating Formulas for Interest on a Loan
    3. Creating Formula for Future Value
    4. Creating Formula for Future Date Due

    You are going to buy a car, but you want to research it first. You must provide the following information.
    1. A list of 4 different cars
    2. For each car, you must have Interest rates from 5 different Banks, Credit Unions, or Loan Agencies
    3. Download the Car Interest Rates Assignment Spreadsheet
    4. Fill it in and the send it to Mr. Gebers
    Turn In by October 10th

    Recording Notes Payable and Notes Receivable

    1. Understanding Interest Rates
    2. Creating Formulas for Interest on a Loan
    3. Creating Formula for Future Value
    4. Creating Formula for Future Date Due
    5. Recording Notes Payable and Receivable

    Monday October 13th Assignment

    Notes Payable and Receivable Examples

    Assignment 1 for Notes Payable and Receivable

    ________________________________________________________________________________

    October 14th--Tuesday Assignment

    Assignment 2 for Notes Payable and Receivable

    October 15th--Wednesday Assignment

    Assignment 3 for Notes Payable and Receivable

    October 15th--Wednesday Assignment Part 2

    Assignment 4 for Notes Payable and Receivable

    October 15th--Wednesday Summative Assignment

    Summative Assignment for Notes Payable and Receivable

    Income Statements and Federal Income Tax Expense

    Main Targets:
    1. Understanding Gross Profit on Sales
    2. Creating Formulas for Net Sales, Merchandise Inventory, Net Purchases
    3. Complete Percentages for % of Sales
    4. Creating Formulas for finding Federal Income Tax Expense

    Monday October 20th

    How to Find Federal Income Tax Expense

    Part 2

    Tuesday October 21st

    2nd Assignment, Federal Income Tax Expense

    Wednesday Ocotber 22nd

    Summative Assignment, Federal Income Tax Expense

    __________________________________________________________________________________________

    Monday October 27th

    1st Assignment, Gross Profit on Sales

    Tuesday Ocotber 28th

    2nd Assignment, Gross Profit on Sales

    ___________________________________________________________________________________________

    Wednesday October 29th

    1st Assignment, Income Statement Numbers

    1st Assignment--The Income Statement

    Assignment 2

    2nd Assignment, Income Statement Numbers

    2nd Assignment--The Income Statement

    Assignment 3

    3rd Assignment, Income Statement Numbers

    3rd Assignment--The Income Statement

    Summative--Part 4 Friday Halloween

    Summative Assignment, Income Statement Numbers

    Summative Assignment--The Income Statement

    _______________________________________________________________________________________________

    Stockholders Equity Statements

    Main Targets:
    1. Understanding Statement of Stockholders Equity Statement
    2. Creating Formulas for Shares Purchased
    3. Complete the Retained Earnings
    Example Statement of Stockholders Equity

    Monday October 28th

    1st Assignment, Stockholders Equity

    Tuesday October 29th

    2nd Assignment-- Stockholders Equity

    Wednesday October 31st --

    Happy Halloween




    More Halloween Comments

    3rd Assignment, Income Statement & Stockholders Equity

    Part 2

    4th Assignment-- Income Statement & Stockholders Equity

    Wednesday Summative--October 30th

    Summative Assignment -- Income Statement & Stockholders Equity

    Monday November 4th-Buying a House Assignment

    Main Targets:
    1. Understanding Interest Rates
    2. Creating Formulas for Interest on a Loan
    3. Creating Formulas for 15 Year Mortgage
    4. Creating Formulas for 30 Year Mortgage

    You are going to buy a house, but you want to research it first. You can buy the house in any city you want. You must provide the following information.

    First Assignment:

    Describe in 300 words your first house:

    1. Where do you want to live; beach, mountains, big city, lots of land, in a condo,,, high rise, etc..

    2. What kind of house do you want, big, condo, townhouse, ranch style, lots of windows, etc...

    3. what do you want inside and outside of the house: pool, big big kitchen, large closets, etc...

    Second Assignment:

    1. A list of 5 different houses
    2. For each House you must have Interest rates from 6 different Banks, Credit Unions, or Loan Agencies
    3. Download the Home Interest Rates Assignment Spreadsheet
    4. Fill it in and the send it to Mr. Gebers by Thursday November 8th
    Due November 8th

    Balance Sheets

    Main Targets:
    1. Understanding the Balance Statement
    2. Creating Formulas for Total Current and Plant Assets
    3. Creating Formulas for Total Liabilities and OE
    4. Complete the Balance Sheet with Equal Numbers
    Example Example of A Balance Sheet

    Wednesday November 20th

    1st Assignment, Balance Sheet

    2nd Assignment-- Balance Sheet

    Friday November 22nd

    3rd Assignment, Balance Sheet

    4th Assignment-- Income Statement, Balance Sheet & Stockholders Equity

    Monday & Tuesday Assignments November 25-26th

    5th Assignment-- Income Statement & Stockholders Equity

    6th Assignment-- Income Statement & Stockholders Equity

    Monday Assignments December 1st

    7th Assignment-- Income Statement & Stockholders Equity

    Tuesday Assignments December 2nd

    8th Assignment-- Income Statement & Stockholders Equity

    Wednesday Assignments December 3rd

    9th Assignment-- Income Statement & Stockholders Equity

    10th Assignment-- Income Statement & Stockholders Equity

    Adjusting, Closing, & Reversing Entries

    Main Targets:
    1. Understanding the Adjusting, Closing, & Reversing Entries
    2. Creating Formulas for uncollectable accounts
    3. Creating reversing entries
    4. Completing closing entries
    December 6th -- 2013 Adj & Closing Assignment #1

    Monday December 8th-2013 Adj & Closing Assignment #2

    Tuesday December 9th-2013 Adj & Closing Assignment #3

    Wednesday December 10th-2013 Adj & Closing Assignment #4

    Adj & Closing Assignment #5

    Adj & Closing Assignment summative

    Adjusting, Closing, & Reversing Entries

    Main Targets:
    1. Understanding the Distribution of Net Income for a Partnership
    2. Creating Formulas Distribution or Net Income
    3. Creating a Partnership Agreement
    4. Completing an Owner's Equity Financial Statement
    5. Completing a Balance Sheet

    December 16th-18th

    December 16th Partnership Owner's Equity Assignment #1

    Part 2

    Partnership Owner's Equity Assignment #2

    December 17th-2013

    Partnership Owner's Equity Assignment #3--December 17th

    Part 2 Partnership Owner's Equity Assignment #4--December 17th

    December 18th-2013

    Partnership Owner's Equity Assignment #5--December 18th

    Part 2

    Partnership Owner's Equity Assignment #6--December 18th

    Part 3

    Accounting 2 Final

    Adjusting, Closing, & Reversing Entries

    January 6th-2014 Partnership Financial Statements 2

    January 6th Part 2-2014 Partnership Financial Statements 3

    January 7th-2014 Partnership Financial Statements 4

    January 8th--2014 Partnership Financial Statements 5

    Part 2 Partnership Financial Statements Summative

    Statement of Cash Flow

    Main Targets:
    1. Understanding the Statement of Cash Flow
    2. Creating Formulas to show where cash is being spent
    3. Creating a Cash Flow Statement
    4. Completing a Cash Flow Statement
    5. Reconciling the beginning cash with ending cash

    February 7th-2013 A copy of a completed cash flow statement with answers

    January 13th-2013--Cash Flow Assignment Cash Flow Assignment--Jan 13th

    January 14th-2013--Cash Flow Assignment 2 Cash Flow Assignment--Jan 14th

    January 15th-2013--Cash Flow Assignment 3 Cash Flow Assignment--Jan 15th

    January 15th-2013--Cash Flow Assignment 4 Cash Flow Assignment--Jan 15th Part 2

    January 21st-2014--Cash Flow Assignment 5 Cash Flow Assignment--Jan 21st

    January 21st-2014--Cash Flow Assignment 6 Cash Flow Assignment--Jan 21st #2

    January 22nd-2014--Cash Flow Assignment Summative Cash Flow Assignment--Jan 22nd

    January 22nd-2014--Cash Flow Assignment Summative 2 Cash Flow Assignment 2 --Jan 22nd

    Terms Final Download Terms Final

    You will define the terms and then write a brief summary in your own words.

    Terms:

    1. Uncollectable Account

    2. Sum of the years Depreciation Schedule

    3. Straight Line Depreciation

    4. Plant Asset

    5. Future Value

    6. Note Receivable

    7. Note Payable

    8. Federal Income Tax

    9. Stockholders Equity Statement

    10. Home Mortgage

    11. Income Statement

    12. Distribution of Net Income Statement

    13. Statement of Cash Flow

    14. Partnership

    15. Loan Points

    Salaries

    January 26 Assignment

    January 26th Payroll Assignment

    January 27 Assignment

    January 27th Payroll Assignment

    January 28 Assignment Part 1

    January 28th Payroll Assignment

    January 28 Assignment Part 2

    January 28th Payroll Assignment

    January 28 Assignment Part 3

    January 28 Assignment Part 3 Payroll Assignment

    January 30 Assignment

    January 30th Payroll Assignment

    January 30th Assignment #2--Summative

    January 30th Payroll Assignment #2

    February 2nd Assignment Summative

    February 2nd Payroll Assignment

    Coffee

    This assignment you will look up Information on Coffee sales from leading companies as well as local.

    Coffee Assignment--February 3rd

    Due Next week

    Coffee Spreadsheet

    Coffee Assignment--February 4th

    Coffee Spreadsheet 2

    Coffee Assignment--February 5th

    Coffee Spreadsheet 3

    Invest in a Company's Stock

    Company 1 Finacial Statements

    Company 1 Finacial Information--Monday Feb 9th

    Company 2 Finacial Statements

    Company 2 Finacial Information -- Part 1 Feb 9th

    Company 3 Finacial Statements

    Company 3 Finacial Information -- Part 2 Feb 10th

    Company 4 Finacial Statements

    Company 4 Finacial Information -- Part 1 Feb 10th

    Company 5 Finacial Statements

    Company 5 Finacial Information -- Part 2 Feb 11th

    Company 3 Finacial Statements

    Company 6 Finacial Information -- Part 3 Feb 11th

    Company 4 Finacial Statements

    Company 7 Finacial Information -- Part 4 Feb 13th

    Now do the Coffee 3 Assignment!!--It is a summative!!

    Short Answer Questions

    Forensics--Tuesday Feb 17th

    Forensic Accounting

    Forensics--Tuesday Feb 17th

    Not for Profit

    Forensics--Wednesday Feb 18th

    MLB--Increase Revenue

    Forensics--Wed Feb 18th

    Internal Audit

    Candy Inventory

    This assignment you will keep track of a Candy Bar Shop and Inventory

    Candy Assignment February 23rd

    Candy Spreadsheet

    Candy 2 Assignment-- February 24th

    Candy 2 Spreadsheet

    Candy 3 Summative Assignment February 25th-27th

    Candy 3 Spreadsheet

    10 year plan--Job vs College

    College vs Job March 2nd

    Job vs College Spreadsheet and Instructions

    College vs Job March 3rd

    Job vs College Spreadsheet 2 and Instructions 2

    Wednesday March 4th

    Job vs College Spreadsheet Summative and Instructions 2

    Part 2 Wednesday...play a game

    Accounting Space Invaders

    Fling the Teacher

    Big Final stuff

    Week 1 Journal and Transactions

    Download the Ledgers Here (You will use these all Month)

    Download the Journals for the 5 weeks Here (again you will use these all month)

    Week of March 31st

    Monday

    Download the Transactions for the 1st Journal and Journalize them into Journal 1

    Tuesday -- Post Journal 1 to the Ledgers

    Wednesday -- Journalize Post Journal 2 to the Ledgers

    Transactions for the 2nd Journal

    Week of April 7th

    Monday

    Transactions for the 3rd Journal

    Tuesday -- Post Journal 3 to the Ledgers

    Wednesday -- Journalize Post Journal 4 to the Ledgers

    Transactions for the 4th Journal

    Week of April 14th

    Monday

    Worksheet, Income Statement and Balance Sheet

    Week of April 21st to 25th

    Final Example Assignment

    Answers for Final Journal Example

    Week of April 28th to May 2nd

    Assignment for April 28 to May 2nd

    A Copy of a Final that is correct so you can use as a reference.... not with the same numbers as this weeks beacuase Edward, Rammi, and David would cut and paste

    Week of May 5th to May 9th

    Assignment for May 5th to May 9th

    Adjusting and Closing Entries

    p>

    Week of May 10th to May 14th

    Viking Eats--Monday Assignment

    Viking Eats--May 12th

    Viking Eats--Tuesday Assignment

    Viking Eats--May 13th Part 1

    Viking Eats--Tuesday Assignment--Part 2

    Viking Eats--May 13th Part 2

    UHS Store--Wednesday

    Part 1 --Complete an Income Statement, Balance Sheet & Adjusting and Closing Entries

    UHS Store--November

    Part 2 -- Summative for Wednesday

    Summative--Closing and Adjusting Entries

    Adjusting and Closing Entries

    Week of May 12th to May 22nd

    Monday May 18th

    Another Example--Closing and Adjusting Entries

    Tuesday May 19th

    Summative #2--Closing and Adjusting Entries

    Wednesday May 20th

    Post Closing Trial Balance Assignment #1

    Post Closing Trial Balance Assignment #2

    Post Closing Trial Balance Assignment #3

    Ledgers Assignment for May 21st

    Week of May 26th to May 29th

    Financial Statement Examples Assignment

    Final Program of Study Assessment

    June 3rd to 5th

    Married and Single Tax Charts for Payroll

    Example of Payroll Completed

    June 3rd to 5th