BUSA 100

Final Exam Review

Schmidt

Be on time – That means 8:00.

PLEASE DO NOT BE LATE. It is very disruptive to those who are studying and causes a lack of concentration.

The final concentrates on the topics of the last few chapters: Payroll, the Worksheet and Adjustments, the Financial Statements for a Merchandiser, and the closing entry process for merchandisers.

There will be 25 multiple choice questions worth 2 points each for a total of 50 points.

You will choose FIVE (and only FIVE problems) from the following list:

Preparation of Adjusting Journal Entries

Preparation of a multi-step income statement

Preparation of closing entries

Computation of gross and net pay

Type and normal balance of accounts

Identification of financial statement placement of accounts

Each of the problems are worth 10 points each. If you complete more than five, I will only grade the first five completed.

If you did the second mini-case, it is DUE AT THE START OF CLASS. No late work will be accepted. Bring a calculator and Scan Tron to class for the final examination.