Problems – Chapter 12



# Problem Worksheet Combined Description
B-12.01 pdf pdf excel Contemplating the current liability definition
B-12.02 pdf pdf excel Understanding typical current liabilities
B-12.03 pdf pdf excel Accounting for notes payable
B-12.04 pdf pdf excel Accounting for notes payable issued at a discount
B-12.05 pdf pdf excel Unique features for certain interest calculations
B-12.06 pdf pdf excel Criteria relating to contingent liabilities
B-12.07 pdf pdf excel Warranty obligations
B-12.08 pdf pdf excel Payroll preparation and recording
B-12.09 pdf pdf excel Other employee benefit costs



# Problem Worksheet Combined Description
I-12.01 pdf pdf excel Recording and reporting for typical current liabilities
I-12.02 pdf pdf excel Various notes payable transactions
I-12.03 pdf pdf excel Various issues relating to contingencies
I-12.04 pdf pdf excel Payroll records and entries
I-12.05 pdf pdf excel Team-based approach for retirement plans/other post-employment benefits



  Problem Description
1 excel Self-Grading Problem



Description Problem                              
Typical Current Liabilities excel                              
Notes Payable Entries excel                              
Discount on Note Payable excel                              
Contingent Liabilities excel                              
Payroll Entries excel                              


The preceding table includes links to “Basic” and “Involved” problems. Each excel link will download the file containing a spreadsheet for the problem and a template worksheet on which you can prepare the solution electronically. If you see a light bulb icon on a worksheet, just mouse over above the icon and a comment box will appear. The comments include useful suggestions for improving your spreadsheet skills.

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Alternative problems, with solutions, may be found at our partner website Bookboon. Video solutions to selected problems are available to students enrolling in the online course. The pdf version of the solutions manual also includes links to the video solutions. You can purchase the solutions manual in the bookstore.