PRINCIPLES OF ACCOUNTING I
ACCT 1010
TEST INFORMATION - Test 3


Chapters Covered:  8 - 9
Deadline:  April 15, 2013

Components
  Multiple Choice & True/False (approximately 25% of total points)
 
  • Questions covering concepts and terms from the assessed chapters.
  • Some questions will be straightforward "definition-type" questions while others will require multi-level thinking.  Some of the multiple choice questions require problem-solving.
  Problems
 
  • Determine uncollectible accounts expense using percent of sales and percent of receivables methods (16 points)
  • Prepare a bank reconciliation and journalize necessary entries (23 points)
  • Journalize various entries involving accounts receivable and notes receivable (24 points)
  • Journalize petty cash transactions (10 points)
Are You Ready?
  PTake the Interactive Quizzes provided by McGraw-Hill on the Text Website.  Work these quizzes until the quiz score reflects your desired test grade.
 
  PWork the review problems in Connect for Chapters 8-9.  If you successfully complete this review, it may be used as a bonus homework grade but is not required work. 

Important Note:  Exam problems are hand written.  It is strongly suggested that you print the Connect problems, work them by hand, then check your answers by entering the information in Connect. This method will best prepare you for your exam experience.

P
Work the following problems without your text or notes.  Check your answers against the B Problem Solutions.