*NEW* ACC 225: Week Four Solution

ACC 225

Axia College of University of Phoenix (UoP)

Financial Accounting

Larson, K. D., Wild, J. J., & Chiappetta B. (2005). Fundamental accounting principles (17th ed.)

ACC 225 Week 4 Solution

1. CheckPoint: Preparing Balance Sheets and Adjusting entries (Post in the Individual Forum – Due Day 2)
• Review: pgs 136-138 and Exhibit 4.1 on how to create a worksheet
• Resource: Fundamental Accounting Principles, pp. 156 & 159-160
• Complete Quick Study question 4-2 on p. 156 and Exercises 4-4 & 4-9 on p. 159-160.

Click here for the SOLUTION


2. Assignment: Preparing Entries and Statements (Post in the Individual Forum – Due Day 6)
• Resources: Fundamental Accounting Principles, pp. 167-168
• Complete problems 4-2B and 4-3B. When responding to the analysis component of 4-3B, think critically about the possible errors that are described. In your answer, carefully analyze the worksheet as if the errors were made and present the evidence for your explanation.

Click here for the SOLUTION