Nanyang Technological University

BU8101 Accounting: A User Perspective

Semester 1, 2013/2014
Seminar 2 (for week commencing 26 August 2013)
(Unless otherwise stated, questions are taken from WHB)
Prior to doing the seminar questions, please review Demonstration Problems on
pages 114 to 116 and pages 161 to 164.
1. Problem 4.6A (page 176) Preparing Adjusting Entries and Determining Account
Balances
In addition to instructions a, b and c in the above problem:
(1) Insert the following part after a and before b:
a1. Using the figures from the companys unadjusted trial balance in conjunction with
the adjusting entries made in part a, prepare the adjusted trial balance using the
following format:

Account

Unadjusted TB
Debit
Credit

Adjustments
Debit
Credit

Adjusted TB
Debit
Credit

(2) Insert after b:

b1. Compute the net income for the year ended December 31, 2011.
2. Problem 4.8A (page 179)Understanding the Effects of Various Errors
In addition to the instructions in the problem, assuming Herrold had not committed the
recording errors, prepare the correct entries for each of the parts a. to g.
Self-Practice Problems
3. Do Self-Test Questions 1-5, 7-8 (pages 116-117) and Self-Test Questions 1-3, 5 (pages
164-165).
4. The following self-practice questions are from the main text 16th edition:
Seminar 2 - Capturing economic transactions (Chapter 3)
Brief Exercise 3.3 (Cash balance $51,700)
Brief Exercise 3.4 (Ending retained earnings $110,000)
Brief Exercise 3.5 (Cash balance $11,750)
Brief Exercise 3.6

Brief Exercise 3.7

Brief Exercise 3.8
Brief Exercise 3.9
Brief Exercise 3.10
Exercise 3.6, 3.9, 3.11 and 3.14
Problems 3.5A and 3.8A
Seminar 2 Adjustments (Chapter 4)
Brief Exercise 4.2, 4.3, 4.4, 4.5, 4.6, 4.7, 4.8, 4.9, 4.10
Exercise 4.2, 4.3, 4.5 to 4.10 and 4.12
(a) Students who have bought the 16th edition text + Connect access card can do the
above problems (with guided solutions and reference) in McGraw-Hill Connect
website. The site provides immediate feedback after each question. To do so, the
students need to first register at the web address (see attached registration
information): http://connect.mcgraw-hill.com/class/bu8101-self-practice-exercises
(b) Students who do not want to buy the Connect access card could solve the problems
and then check for key answers in the Check Figures file in the Course
Documents folder in the BU8101 Accounting Learning Centre 2013/2014 semester
1 site.

student registration information

course
BU8101 Accounting: A User Perspective Semester 1 2013_2014

instructor
lau yin kheng

section
Self Practice Exercises

registration dates
01/14/13 - 05/01/13

online registration instructions

Go to the following web address and click the "register now" button.
http://connect.mcgraw-hill.com/class/bu8101-self-practice-exercises

This is a unique address for

Self Practice Exercises

Having trouble registering?
Get help here: http://bit.ly/StudentRegistration
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