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.
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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.
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