Learning Plan 6

Assignments

LP6 Assignment: Accounting for Receivables

Directions: Complete the following Exercises found in chapter 6 of the textbook. E6-2, E6-4, E6-5, E6-6, E6-10

Submit this assignment to your instructor via the dropbox ?LP6 Assignment: Accounting for Receivables.? This assignment is worth 45 points.

Rating Scale

Work meets or exceeds criterion at a high level of competence.

Work reflects an understanding of criterion with minor misunderstandings/misconceptions.

Criterion partially met, but one or more important concepts/skills are missing or flawed.

Work reflects an attempt to meet criterion, but significant misunderstandings/misconceptions are apparent.

Criterion not met or work is absent.

Criteria

Determined the due date and the amount of interest for item (a) for Exercise E6-2.

Determined the due date and the amount of interest for item (b) for Exercise E6-2.

Determined the due date and the amount of interest for item (c) for Exercise E6-2.

Determined the due date and the amount of interest for item (d) for Exercise E6-2.

Determined the due date and the amount of interest for item (e) for Exercise E6-2.

Illustrated the effects on the accounts and financial statements for Exercise E6-4.

Illustrated the effects on the accounts and financial statements for Exercise E6-5.

Completed item (a) and (b) for Exercise E6-6.

Determined what the net income would have been for Exercise E6-10.