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Assignment #1 – First Review

This assignment relates to the following Course Learning Requirements:

CLR 1: Record entries for prepayments and unearned revenues using the alternate method. Calculate the adjusting entries required. Record reversing entries for accruals and the subsequent entries in the next accounting period. CLR 2: Identify the characteristics of effective internal control relating to cash receipts, cash payments, petty cash and preparation of a bank reconciliation. CLR 3: Analyze accounts receivable and notes receivable, interest revenue and period-end adjustments for profit organizations.

Objective of this Assignment:

The objectives of this assignment are:

1. Review and reinforce learning from Modules 1 through 5
2. Practice completion of work using MS-Excel

Pre-Assignment Instructions:

1. To prepare you for this assignment, review the content of modules 1-5, including the embedded learning activities.

Instructions:

Download the attached document for full Assignment Instructions and rubric