see the attach file for information Just one question 3.4

\f1402/110.109 Distance/Internal Part A - Accounting Cycle Assignment 2 Answer Booklet Manawatu/Albany Baby Basics Ltd Inventory Table - Zaaz Highchair Date Name: Purchases Units Unit Price # $ Purchase Returns Units Unit Price # $ Units # Sales Unit Price $ Sales Returns Units Unit Price # $ Balance Ending Units Ending Inventory # $ Your Mark 4 ID: Possible Mark 0 1 School of Accountancy 110.109 Introductory Financial Accounting Assignment 2 Booklet Distance Learning / Internal Semester 2 - 2014 THIS MATERIAL IS PROTECTED BY COPYRIGHT AND HAS BEEN COPIED BY AND SOLELY FOR THE EDUCATIONAL PURPOSES OF THE UNIVERSITY UNDER LICENCE. YOU MAY NOT SELL, ALTER OR FURTHER REPRODUCE OR DISTRIBUTE ANY PART OF THIS COURSE PACK/MATERIAL TO ANY OTHER PERSON. WHERE PROVIDED TO YOU IN ELECTRONIC FORMAT, YOU MAY ONLY PRINT FROM IT FOR YOUR OWN PRIVATE STUDY AND RESEARCH. FAILURE TO COMPLY WITH THE TERMS OF THIS WARNING MAY EXPOSE YOU TO LEGAL ACTION FOR COPYRIGHT INFRINGEMENT AND/OR DISCIPLINARY ACTION BY THE UNIVERSITY. ii Contents Page IMPORTANT INFORMATION ........................................................................................................ 1 ASSIGNMENT 2 GENERAL INSTRUCTIONS ................................................................................. 2 KEY INSTRUCTIONS TO COMPLETE THE ASSIGNMENT 2 ANSWER BOOKLET ............................. 6 ASSIGNMENT 2 DETAILS ............................................................................................................ 7 Part A: Accounting Cycle ...................................................................................................... 7 Part B: Inventories ............................................................................................................... 12 Part C: Statement of Cash Flows ......................................................................................... 14 iii 1402/110.109 Distance/Internal Assignment 2 Booklet Manawatu/Albany IMPORTANT INFORMATION This is an electronic assignment and must be completed in the \"Assignment 2 Answer Booklet\" to be downloaded from Stream, completed by you, and then uploaded back to Stream before the due date and time. To enable your assignment to be marked, you must NOT alter the templates e.g. add or delete rows or columns. There are plenty and there is no need to add or remove any. To have your assignment marked you must also complete the honesty declaration quiz on Stream. Please note that this assignment is due before Midday (12:00 pm) New Zealand Time on Friday 26 September 2014. This assignment contributes 20% towards your final grade. It consists of three parts: Part A Accounting Cycle, Part B Inventories, and Part C Statement of Cash Flows. It is very important that you complete the first worksheet Cover Sheet with your current details. Assignment 2 covers material from weeks 1 to week 9 inclusive and mainly relates to the following learning outcomes: 1. Demonstrate an understanding of the financial reporting framework for general purpose financial statements for commercial enterprises. 2. Identify, measure, record and communicate economic transactions and events of commercial enterprises' operations using fundamental accounting concepts, including the double entry accounting system. 3. Apply basic measurement theory, and principles and concepts of accounting, to the valuation of assets. Before attempting this assignment, it is strongly recommended that you read both these instructions and the assignment details thoroughly. You should also study the relevant material in the text and make sure you understand the concepts covered by practicing the weekly review and workshop questions. Please remember that all 110.109 assignments must be your own work. Discussion on STREAM or in study groups is fine, but comparing or suggesting answers as opposed to concepts may lead to marks being deducted to the extent of receiving zero marks if answers are too similar. 1 1402/110.109 Distance/Internal Assignment 2 Booklet Manawatu/Albany ASSIGNMENT 2 GENERAL INSTRUCTIONS 1. How to Download This Assignment from STREAM There are two files, \"Assignment 2 Booklet.pdf\"\1402/110.109 Distance/Internal Part A - Accounting Cycle Assignment 2 Answer Booklet Manawatu/Albany Baby Basics Ltd Inventory Table - Zaaz Highchair Date Name: Purchases Units Unit Price # $ Purchase Returns Units Unit Price # $ Units # Sales Unit Price $ Sales Returns Units Unit Price # $ Balance Ending Units Ending Inventory # $ Your Mark 4 ID: Possible Mark 0 1 School of Accountancy 110.109 Introductory Financial Accounting Assignment 2 Booklet Distance Learning / Internal Semester 2 - 2014 THIS MATERIAL IS PROTECTED BY COPYRIGHT AND HAS BEEN COPIED BY AND SOLELY FOR THE EDUCATIONAL PURPOSES OF THE UNIVERSITY UNDER LICENCE. YOU MAY NOT SELL, ALTER OR FURTHER REPRODUCE OR DISTRIBUTE ANY PART OF THIS COURSE PACK/MATERIAL TO ANY OTHER PERSON. WHERE PROVIDED TO YOU IN ELECTRONIC FORMAT, YOU MAY ONLY PRINT FROM IT FOR YOUR OWN PRIVATE STUDY AND RESEARCH. FAILURE TO COMPLY WITH THE TERMS OF THIS WARNING MAY EXPOSE YOU TO LEGAL ACTION FOR COPYRIGHT INFRINGEMENT AND/OR DISCIPLINARY ACTION BY THE UNIVERSITY. ii Contents Page IMPORTANT INFORMATION ........................................................................................................ 1 ASSIGNMENT 2 GENERAL INSTRUCTIONS ................................................................................. 2 KEY INSTRUCTIONS TO COMPLETE THE ASSIGNMENT 2 ANSWER BOOKLET ............................. 6 ASSIGNMENT 2 DETAILS ............................................................................................................ 7 Part A: Accounting Cycle ...................................................................................................... 7 Part B: Inventories ............................................................................................................... 12 Part C: Statement of Cash Flows ......................................................................................... 14 iii 1402/110.109 Distance/Internal Assignment 2 Booklet Manawatu/Albany IMPORTANT INFORMATION This is an electronic assignment and must be completed in the \"Assignment 2 Answer Booklet\" to be downloaded from Stream, completed by you, and then uploaded back to Stream before the due date and time. To enable your assignment to be marked, you must NOT alter the templates e.g. add or delete rows or columns. There are plenty and there is no need to add or remove any. To have your assignment marked you must also complete the honesty declaration quiz on Stream. Please note that this assignment is due before Midday (12:00 pm) New Zealand Time on Friday 26 September 2014. This assignment contributes 20% towards your final grade. It consists of three parts: Part A Accounting Cycle, Part B Inventories, and Part C Statement of Cash Flows. It is very important that you complete the first worksheet Cover Sheet with your current details. Assignment 2 covers material from weeks 1 to week 9 inclusive and mainly relates to the following learning outcomes: 1. Demonstrate an understanding of the financial reporting framework for general purpose financial statements for commercial enterprises. 2. Identify, measure, record and communicate economic transactions and events of commercial enterprises' operations using fundamental accounting concepts, including the double entry accounting system. 3. Apply basic measurement theory, and principles and concepts of accounting, to the valuation of assets. Before attempting this assignment, it is strongly recommended that you read both these instructions and the assignment details thoroughly. You should also study the relevant material in the text and make sure you understand the concepts covered by practicing the weekly review and workshop questions. Please remember that all 110.109 assignments must be your own work. Discussion on STREAM or in study groups is fine, but comparing or suggesting answers as opposed to concepts may lead to marks being deducted to the extent of receiving zero marks if answers are too similar. 1 1402/110.109 Distance/Internal Assignment 2 Booklet Manawatu/Albany ASSIGNMENT 2 GENERAL INSTRUCTIONS 1. How to Download This Assignment from STREAM There are two files, \"Assignment 2 Booklet.pdf\"\