Homework Problem 1-7A
This homework assignment, in the Connect Homework
System, requires the preparation of a Statement of Cash
Flows. Since we will not address this report until we
Chapter 12, I am giving you the data to enter into the homework
assignment, so that you will not be penalized.
You can download a copy of the report by going to the "Problem
/ Document Downloads"
Connect Chapter 1 Homework
In reference to recording
transactions in the accounting equation format, apply the
following. Do not use parentheses or minus signs on any entries made in
the Dividends and Expenses columns. The publisher designed the
problem to automatically assume that an amount entered in
these columns is a negative, so you do not have to show it as
negative. Entries to these columns should be a positive
amount. They did not do a very good job of explaining
how the problem was set up and how to treat negative amounts
for expenses and dividends.
How to use the
is a link to a video that gives you examples of the step-by-step
process of entering data for your assigned homework problems.
If this is the first time using the Connect system, it
should help getting you started on completing your homework
assignments. Use the link below to access the video.
to the Course eBook
For those individuals that may have difficulty
accessing the eBook and finding the "B"
Problems for homework make-ups, I am
providing a PowerPoint on the eBook access process.
Click on the icon to download the PowerPoint presentation.