Transferable
knohe_
k_project.docxModule 1 Project - Job Description
Job Description-Ed Silver
Title: Office Manager/Bookkeeper.
Reports to Ed Silver.
Job Purpose: To organize and coordinate office operations and maintain records of financial accounts in support of company operations so as to ensure organizational effectiveness and efficiency in meeting agreed business plans.
Job Scope: The Office Manager/Bookkeeper reports to the Senior Manager and provides office management services to them including supervising staff and maintaining office records. This includes the maintenance of financial records.
Key Duties/Responsibilities
1. Issue invoices to clients.
1. Control correspondences including the monitoring and recording of long distance phone calls.
1. Organize purchase and supply of authorized equipment.
1. Establish office standards and procedures.
1. Keep records of cash receipts.
1. Make required bank deposits.
1. Organize the issuance of financial statements.
1. Orient and train employees.
1. Coach and discipline staff.
1. Maintain and update inventories
1. Determine inventory levels by checking stocks.
1. Oversee the timely processing of payrolls.
1. Provide clerical support to management as and when requested.
1. Organize information needed by external auditors for annual auditing.
1. Keep filing systems in an orderly manner.
1. Oversee the maintenance of the annual budgets.
1. Oversee recruitment of new staff.
1. Carry out staff appraisals.
1. Arrange for necessary repairs and maintain the condition of the office.
1. Record any office expenditures.
1. Deliver presentations on behalf of senior management.
1. Respond to customers’ complaints as well as inquiries.
1. Manage staff workload and output.
1. Chair staff meetings whenever necessary.
1. Monitor and report staff performance.
1. Perform other related duties as required.
Skills/Qualifications
Knowledge of office administration, human resource management and supervision, ability to maintain accuracy in entering information, team building skills, effective writing skills, attention to detail and high accuracy levels, time management skills, computer skills including word processing and spreadsheet.
Module 1 Project - Journalizing, Posting and Creating the Unadjusted Trial Balance
T-Accounts
Module 02 Project - Computerized Accounting System
Module 2 Project - Computerized Accounting System
To: Big Ed’s Motorcycle Shop
From: Quick and Effective Accounting Solutions Consultant
Date: October 18, 2015
SUBJECT: Office Computerization
In the recent years, getting computer applications for particular aspects of organization activities has become an important operation of lots of small businesses. In the respective industries, computers have tremendously improved the way businesses operate. Technology has improved so remarkably that individuals failing to use computers in their operations are lying on a significant loss of the competitors. Computers can be useful tools in many distinct aspects of company operations. In bookkeeping, business communications, product design, manufacturing, control of inventory, and marketing computer systems have now depended on for a broad range of duties (Bourne, 2013). Apparently, some benefits come along with computerization of business operations.
One, automation of an office or business brings about the quality organization. There is a variety of computer applications that can be used in assisting the company maintains movement of their file information, plans, and deadlines. The business information can be organized in an easily accessible format. Better time management and productivity will be the result of using computers following achieving efficient organization of the files.
Switching to a digital office will be a cost effective move. It is possible for a business to hire fewer staff because; computers allow work to be done faster and more efficiently.
Computerization improves the speed in the Office of getting tasks done. The business operations will develop following the use of computers, and it means that companies will have a chance to operate much faster and produce better quality results. However, use of computers works on improving on efficiency and it means that few errors will be made during the operations.
In that case, there is the need for Ed’s office to ensure that they acquire the best software and resources during computerization.
1. Bookkeeping software- software programs designed to assist even young business owners with their accounting have proliferated on the marketplace in recent times, and small business like Ed’s can use computers for bookkeeping more than any other purpose. There are some accounting functions that can be done using this software for instance preparation of employees payroll, analyzing the business cash flow, and maintenance of clients debt records.
1. Business communication- these includes computer faxes especially the emails incentives has changed the mode of business communication with each other (Spiceland, 2009). The format helps in saving both time and money because there are limited movement and interactions.
1. Inventory control software- this will help the business to keep track of the inventory aspects. In that case, it will be critical software in maintaining the company operations in that aspect.
However, there several factors that Ed will need to look at before having to pick on the software to be installed.
1. The technical costs and several administrative and labor expenses associated with operating and developing regulations for computer resources all requires to be put into consideration.
1. Before getting to the decision of purchasing a computer, the business owner (Ed) need to consider the installation costs, debugging, new computer usage training. In this case, it is evident that Ed has no basis on using computers and that means that there is exclusive training that is required.
The cost of installation, in this case, will be much higher following the fact that it is a new project that is being put in place. It is the case since there is no basic computer knowledge with the business owner. The cost of buying computers, installing software, and rendering training will cost the company a fortune.
References
Bourne, K. C. (2013). Application administrators handbook: Installing, updating and troubleshooting software. Amsterdam: Morgan Kaufmann.
Spiceland, J. D. (2009). Intermediate accounting. Boston: McGraw-Hill/Irwin.
Module 03 Accounting Capstone Project - Payroll System
Module 3 Payroll System
According to Cindy (2011), appropriate pay structure helps incentivize employees hence holding them accountable for their performance. For instance, if a salesperson loses a certain amount on their paycheck after losing a client, they are likely to give their best to retain the customers. Similarly, if a bookkeeper earns less due to poor bookkeeping practices, they are likely to work harder to be paid more. Currently, Ed has a pay structure that offers little to no motivation to his employees. As such, the memo advises Ed how he could restructure his paycheck for each employee to motivate them.
Ed should use a percentage of client billings payment structure of his sales employee. According to Cindy (2011), the payment structure awards the employees a small base salary while giving them an opportunity to increase their wages to infinity. For instance, if the employee has a base salary of $50,000, they should have an annual sales target of $150,000. If the employee achieves the goal, their salary should increase by $10, 000. If the employee exceeds the target, they should have their salary increase by ten percent of the excess amount. As such, the sales team will feel their efforts are earning recognition and will work tirelessly to improve sales (Cindy, 2011).
David (2012) proposes a customer review-based structure to motivate service employees. He notes that current business request for their clients’ remarks after receiving services from the enterprise. During the reviews, the customers indicate whether they feel they received quality services. David (2012) notes that the management could use such reports to incentivize their service team. If the employees earn a base pay of $30,000, the number of positive feedback after the offering, quality services should increase the employee’s salary. For example, if 1000 employees give positive feedback, their salary for that year should increase by ten percent. As such, the employee’s salary would increase by three thousand dollars. Moreover, if the shop increases its loyal customers who demand services such repair and cleaning, the workers’ salaries should increase. However, if the employees lose any loyal customers, their salaries should decrease. With such a structure, the services team will be more accountable for their performance (David, 2012).
Erisa (2015) proposes a sales team payment structure that Ed could use to motivate his motorcycle parts seller. Currently, Ed gives the employee an essential pay on a weekly basis. However, the current payment structure requires Ed to pay employees after one month. However, the monthly pay increases depending on the total value of the parts sold. Based on the structure, the employee would get a three percent commission if they sold parts exceeding $50,000 for that month. As such, if an employee sells parts worth $80, 000, their salary would increase with $2,400. However, if the sales do not exceed the target, the pay remains the same. As such, the employee would be proactive to increase sales (Erisa, 2015).
Lastly, Ed should pay the bookkeeper on overall business performance. The office manager manages all other employee records and avails to them the necessary resources (Cindy, 2011). According to the policy, the company’s net sales revenue should determine the total salary payable to the manager due to varying commissions. Cindy (2012) notes that the system would make the office manager challenge other employees to maximize their outputs. According to the policy, the office manager’s salary would increase at a similar rate to which the business sales are increasing. If the manger’s base salary were $70, 000 per year, a sales growth of ten percent would see the manager earn an additional $7,000.
Efficient payment structure increases employee satisfaction and hence the company success. Incentive helps motivate the employees compelling them to give out their best. As such, Ed could use the above examples to revamp a new payment structure for its employee that is within the tax laws demarcations. As such, the shop will position itself better to its future.
Module 04 Accounting Capstone Project - Adjusting and Closing Entries
Module 05 Accounting Capstone Project - Financial Statements
Module 06 Accounting Capstone Project - Tax Preparation
Module 6 Tax Preparation
Memo
To: Mr. Ed
From: Kamie Knothe
Date: 11/15/2015
Subject: Tax ramifications on Cadillac Escalade
It has come to my notice that you are planning to purchase a new Cadillac Escalade luxury to increase deductions on your salary so that you can minimize your income taxes. It would be a great advantage if you use the vehicle both for personal and business use. But before purchasing it, it would be wiser for you to consider some factors. Consideration of vehicle’s tax ramifications would be an important factor to consider.
The luxury is heavily taxed for a minimum of five years. For the first year, its taxed $ 4,118, the second year its taxed $ 200, the third year its taxed $ 201, the fourth year its taxed $ 177 and the fifth year its taxed $ 179. This makes a total of $ 4,875.
For the first year after the purchase, the taxes are usually very high. For the first year you will be taxed $ 4,118 which is higher than the amount of tax that you would pay without having the deductions of this luxury. This luxury will also increase the business taxation since it will significantly increase the value of the total assets that will be taxed.
There may be an increase in the taxation of Cadillac Escalade for the coming years. This would be affected by the country’s fiscal crisis. Again, unless the car is used 100 percent for business, its expenses are not deductible.
I would warn you that before you purchase this particular vehicle that you gain much information about it so that at the long run you don’t regret.
Module 07 Accounting Capstone Project - Business Formation
Module 7 Business Formation
Memo
Big Ed’s Motorcycle Shop
To: Mr. Ed Silver, Owner
From: Kamie Knothe
Date: 11/20/2014
Subject: Three Business Forms
As the office manager, I have come up with three business forms that you could change the company to. One of them is Ed's cars Shop, Ed's ice cream parlor and lastly Ed's bookshop and stationaries. I will give you some of the benefits of each and drawbacks of these proposed businesses. Starting with Ed's car shop, I will recommend this because of the nature of the previous business that was here. You will still be capable of maintaining the customers and now cater for them more. On the ice cream parlor, I would recommend it because of the place where the structure is located near educational centers. Every day kid who comes to school has to go all the way to the town center to get refreshment so what if you bring it closer to them? We can have cakes and other snacks that they like. Lastly Ed’s bookshop and stationaries also not forgetting where Ed is situated this will be a good chance for these learning institutions.
On the drawbacks, Ed's car shop may not be as good as the previous business because of where Ed is situated. Its surroundings will not make that much of a company. On Ed's ice cream parlor may be hard to catch up because they are used to going to the town center and also during holidays it may be a challenge because they will be closed. Lastly on Ed’s books and stationaries will not have many customers because most of the stationary and book purchases are done by parents and not the students and same as to the ice cream parlor when schools close there will be no much business.
My recommendation would be the car shop because it will never close down due to the closing of the educational institutes. After deciding on the right company to start up the next step will be how to renovate the place to suit the new market, acquiring the products needed the hiring of the workers and opening the business.
Kamie
Office Manager
Module 08 Accounting Capstone Project - Continuing Education
Module 8 Continuing Education
Memo
Big Ed’s Motorcycle Shop
TO: Mr. Ed Silver, Owner
FROM: Kamie Knothe
DATE: 11/27/2015
SUBJECT: Continuing Education
I would first like to thank you for the opportunities you are have given me, deciding to fund me so that I can pursue my education in Accounting and also attend seminars; it is quite a big deal for me. I have done some research and compared the cost of the community colleges offering the subject and I have settled on Light Community College. The college is offering the course at a fee of $2.796 and $686 for the books and supplies.it is convenient because it is offering the evening classes which I have decided will be best for me so that I can be able to work during the day.
The college is also offering a number of certificates among them accounting office associate certificate which I would like to obtain. Admission requirements include completion of ENGL/095 and MATH 085 as well as the knowledge of CU 091, CU 100 and HD 101.There will also be a three day seminar focusing on learning new skills to manage a business, main focus being quick books for entrepreneurship. The classes will help learn more on quick books, how to start a business and with that, I will be able to share the knowledge with my colleague so that they can also benefit from it. I really appreciate your kind gesture and once again I’m grateful.
Week 09 Accounting Capstone Project - Sarbanes-Oxley Act
Module 9 Sarbanes-Oxley Act
The Sarbanes-Oxley Act of 2002 – SOX, passed by the United States Congress protects the investors from any fraud in the accounting activities by the companies or corporations. The Sarbanes-Oxley Act has the mandate to establish and implement strict reforms that are meant to improve the financial disclosures from the corporations and thus preventing accounting fraud. The enactment of SOX is attributed to the need to respond to the various accounting scandals that emerged in the early 2000s including Enron, WorldCom and Tyco. SOX has two key provisions of Section 302 and Section 404, both of which have enforcement policies and rules that amend the existing legislation regarding security regulations.
As an accountant, SOX is likely to bring a positive impact in my career. By adhering to the standards and expectations of the Act, I will certainly be efficient enough in discharging my accounting duties. To comply with the provisions of SOX I have to be keen and study the Act and thus put the necessary efforts towards being a good accountant. Having in mind the repercussions of violating the Act, I will also be bound to remain honest and sincere to my employers to win their trust. Honesty is a fundamental element in practicing accounting. Therefore, I am likely to climb to the top positions in the field.
SOX works at its best in preventing accounting fraud. For instance, in Section 302, the Act gives a mandate to the senior management to ensure accurate financial statements failure to which they face the consequences. The accurate records help corporations in preventing fraud since the senior management is expected to be accountable for the reports made. Also, in Section 404, the Act requires that auditors and management establish internal controls. There are also the efficient reporting methods regarding the adequacy of the internal controls. Therefore, chances of fraud in the accounting activities are limited due to the close supervision.
Referances
Hostak, P., Lys, T., Yang, Y. G., & Carr, E. (2013). An examination of the impact of the Sarbanes–Oxley Act on the attractiveness of US capital markets for foreign firms. Review of Accounting Studies, 18(2), 522-559.
Module 10 Accounting Capstone Project - Bank Presentation
Module 10 Bank Presentation
Introduction
Big Ed’s motorcycle shop has been operational for the past 28 years offering services including bike repairs and parts sales to its clients. The business has yielded consistent profits over the years and the management feels that it is time for an expansion which requires capital injection into the business by use of debt. If granted the funds, Big Ed plans to repay the interest expense on the principle every year and pay the principle as a lump sum at the end of the agreed time period.
Financial analysis
For the year ended 31st December 2015, the company realized a net income of $94,264 with an increase in cash collected and expenses as compared to the year ended 31st December 2014. The current ratio calculated by dividing the current assets by the current liabilities gave a value of 6.677 which shows that the company is liquid enough to pay its current liabilities including interest expense at least 6 times over using current assets. The debt-to-equity ratio reveals a level of gearing of 0.2 which implies that Big Ed’s motorcycle shop is not so heavily in debt that it cannot manage to pay any debt added to the existing. As a measure of profitability, a return on asset of 13% was calculated and a net profit margin of 6% obtained. Despite the company keeping healthy gearing and liquidity levels, only a small level of sales is translated into profit but this fact provides an opportunity gap to be realized after expansion.
Preparation
A lender will most likely ask for financial statements and analysis of the statements as shown above but the company should also make a detailed business plan showing a breakdown of how the money will be used and the company’s future plans.
References
(2015). Big Ed’s motorcycle repair shop. Retrieved from https://m.bigedscycle.com
Averkamp, H. (2015). Financial ratios. Retrieved from http://www.accountingcoach.com
Module 1 Job Description
Module 1 Project - Journalizing, Posting and Creating the Unadjusted Trial Balance
Module 02 Accounting Capstone Project - Computerized Accounting System
Module 03 Accounting Capstone Project - Payroll System
Module 04 Accounting Capstone Project - Adjusting and Closing Entries
Module 05 Accounting Capstone Project - Financial Statements
Module 06 Accounting Capstone Project - Tax Preparation
Module 07 Accounting Capstone Project - Business Formation
Module 08 Accounting Capstone Project - Continuing Education
Week 09 Accounting Capstone Project - Sarbanes-Oxley Act
Module 10 Accounting Capstone Project - Bank Presentation
Closing EntriesDebitCredit
Service Revenue1,488,000
Income Summary1,488,000
Income Summary439410
Sales Salaries Expense210,840
Service Salaries Expense105,980
Office Salaries Expense1,500
Advertising Expense52,560
Depreciation Expense-Office Equipment2,500
Depreciation Expense-Store Equipment2,540
Depreciation Expense-Shop Equipment13,954
Miscellaneous Selling Expense1,920
Rent Expense37,620
Insurance Expense1,200
Interest Expense5,376
Office Supplies Expense1,500
Miscellaneous Administrative Expense1,920
Journal
Adjusting EntriesDebitCredit
Cost of Merchandise Sold3,000
Merchandise Inventory, Parts3,000
Insurance Expense1,200
Prepaid Insurance1,200
Depreciation Expense-Office Equipment2,500
Accumulated Depreciation-Office Equipment2,500
Depreciation Expense-Store Equipment2,540
Accumulated Depreciation-Store Equipment2,540
Depreciation Expense-Shop Equipment13,954
Accumulated Depreciation-Shop Equipment13,954
Sales Salaries Expense3,000
Service Salaries Expense5,000
Office Salaries Expense1,500
Salaries Payable9,500
Interest Expense5,376
Interest Payable5,376
Journal
DRCR
Cash81,900
Accounts Receivable179,200
Merchandise Inventory, Parts115,000
Merchandise Inventory, Motorcycles71,980
Office Supplies4,220
Prepaid Insurance1,880
Office Equipment50,000
Accumulated Depreciation-Office Equipment 7,500
Store Equipment52,000
Accumulated Depreciation-Store Equipment7,860
Shop Equipment168,600
Accumulated Depreciation-Shop Equipment 41,040
Accounts Payable 65,000
Salaries Payable 7,500
Interest Payable4,500
Note Payable (due 2010) 57,200
Ed Silver, Capital 534,180
724,780 724,780
Big Ed's Motorcycle Shop
Post Closing Trial Balance
For the period ended December 31, 20x7
Assets
Current Assets:
Cash184,500
Accounts Receivable145,200
Merchandise Inventory, Parts97,000
Merchandise Inventory, Motorcycles110,000
Office Supplies5,220
Prepaid Insurance2,880
Total Current Assets544,800
Property, Plant, & Equipment:
Office Equipment50,000
Accumulated Depreciation-Office Equipment10,000 17,500
Store Equipment52,000
Accumulated Depreciation-Store Equipment10,400 18,260
Shop Equipment183,600
Accumulated Depreciation-Shop Equipment18,360 59,400
Total PP & E324,360 380,760
Total Assets735,240
Liabilities and Owner's Equity
Current Liabilities:
Accounts Payable66,720
Salaries Payable9,500
Interest Payable5,376
Total Current Liabilities81,596
Long-Term Liabilities
Notes Payable67,200
Total Liabilities148,796
Owner's Equity586,444
Ed Silver, Capital534,180
Total Liabilities and Owner's Equity735,240
Big Ed's Motorcycle Shop
Balance Sheet
December 31, 2015
Cost of Merchandise Sold(933,000)
Gross Profit555,000
Selling Expenses:
Sales Salaries Expense210,840
Service Salaries Expense105,980
Advertising Expense52,560
Depreciation Expense-Store Equipment10,400
Depreciation Expense-Shop Equipment18,360
Miscellaneous Selling Expense1,920
Administratvie Expenses:
Office Salaries Expense1,500
Depreciation Expense-Office Equipment10,000
Rent Expense37,620
Insurance Expense1,200
Office Supplies Expense3,060
Miscellaneous Administrative Expense1,920
Income from Operations99,640
Other Expense:
Interest Expense5,376
Net Income94,264
Cash Flows from Operating Activities
Net Income94,264
Depreciation
Decrease in Accounts Receivable145,200
Decrease in Merchandise Inventory, Parts97,000
Increase in Merchandise Inventory, Motorcycles110,000
Increase in Office Supplies5,220
Increase in Prepaid Insurance2,880
Increase in Accounts Payable66,720
Increase in Interest Payable5,376
Increase in Salaries Payable9,500
Total adjustments441,896
Net Cash Flows Provided from Operating Activities347,632
Cash Flows from Investing Activities
Shop Equipment Purchased18,360
Net Cash Flows Used by Investing Activities207000
Cash Flows from Financing Activities
Cash Paid for Owner Draw
Cash received for Note Payable proceeds67,200
Net Cash Flow Used by Financing Activities
Net change in cash
Cash, beginning184,500
Cash, ending735,240
Big Ed's Motorcycle Shop
Statement of Cash Flows
For the Period Ended December 31, 2015
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Demonstrates effective usage of English
grammar and mechanics. (3 Max Point
Value)
(0 pts.) Paper is not submitted or
more than 10 errors in English
grammar and mechanics observed.
(1 pts.) 6-10 errors in English
grammar and mechanics.
(2 pts.) 3-5 errors in English
grammar and mechanics.
(3 pts.)0-2 errors in English grammar and
mechanics.
3Great job!
Paper is submitted by the due date (1 Max
Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the due date.
1
Critical Thinking: Research provided to
determine skills necessary for the position of
office manager/bookkeeper. (4 Max Point
Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(4 pts.) Content meets or exceeds criteria, is
accurate and shows extraordinary
understanding through rich examples and
explanations.
3.5
Great job on the core duties with having the "catch-all"
duty for everything else. Also, great job on the
skills/qualifications. However, please see the feedback
document for a few areas of improvement.
Communication: Job description written in a
professional manner. Correct tone is applied
for proper audience. (10 Max Point Value)
(0-3 pts.) Writing is inappropriate,
does not use audience-specific tone.
(4-6 pts.) Writing somewhat
exhibits audience-specific tone.
Did not fully speak from the
correct point of view.
(7-8 pts.) Writing mostly
exhibits audience-specific tone.
Tone may be appropriate, with
minor errors. May or may not
show consideration for Ed's lack
of computer knowledge.
(9-10 pts.) Writing exhibits appropriate,
audience-specific tone. Tone is appropriate
for communication with one's superior.
10
Great job on the tone! You understand your audience
and are appropriately business professional.
Communication: Purposeful formatting
chosen for the document (examples may
include a memo to the owner, a job
description written as part of an employee
handbook, or as a stand alone document. (7
Max Point Value)
(0-1 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Didn't include any of the
correct formatting guidelines.
(2-3 pts.) Content shows a basic
understanding of correct writing
guidelines for writing a job
description. Some elements were
still missing.
(4-5 pts.) Content meets criteria
with minimal errors. Small
elements of correct writing
guidelines for writing a job
description were missing.
(6-7 pts.) Content meets or exceeds criteria,
is accurate, and shows a complete
understanding of correct writing guidelines
for writing a job description, including
formatting rules and guidelines.
5
Good job on the format! You chose a great format;
however, you were missing a few of the elements of a
standard job description, which will make it difficult for
it to become the template for all other job descriptions
at the company.
Total Points Available = 25 22.5
Accounting Capstone
Course Project Scoring Rubric Module 1-Job Description
Transferable Skills
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Journal entries are entered in good form in
the general journal correctly. (8 Max Point
Value)
(0-2 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(3-4 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(5-6 pts.) Content meets criteria
with minimal errors, is accurate
for the most part and shows a
great understanding through
apropriate journal entries.
(7-8 pts.) Content meets or exceeds
criteria, is accurate and shows an
excellent understanding through
appropriate journal entries.
4
You seemed to struggle with the
journal entries in this assignment.
Please see the feedback spreadsheet
for the correct solution. Also, please
remember for Excel problems, I
furnish a sample problem in the
General Course Questions Discussion
Forum.
Journal entries are posted to the appropriate
T-accounts correctly. (8 Max Point Value)
(0-2 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(3-4 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(5-6 pts.) Content meets criteria
with minimal errors, is accurate
for the most part and shows a
great understanding through
apropriate posting of journal
entries to T-accounts.
(7-8 pts.) Content meets or exceeds
criteria, is accurate and shows an
excellent understanding through
appropriate posting of journal
entries to T-accounts.
1
You seemed to struggle with posting
to the T accounts in this assignment.
Please see the feedback spreadsheet
for the correct solution. Also, please
remember for Excel problems, I
furnish a sample problem in the
General Course Questions Discussion
Forum.
The unadjusted trial balance is created
accurately. (8 Max Point Value)
(0-2 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(3-4 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(5-6 pts.) Content meets criteria
with minimal errors, is accurate
for the most part and shows a
great understanding through a
correct unadjusted trial balance.
(7-8 pts.) Content meets or exceeds
criteria, is accurate and shows an
excellent understanding through a
correct unadjusted trial balance.
4
You seemed to struggle with creating
the unadjusted trial balance in this
assignment. Please see the feedback
spreadsheet for the correct solution.
Also, please remember for Excel
problems, I furnish a sample problem
in the General Course Questions
Discussion Forum.
Assignment is submitted by the due date (1
Max Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Total Points Available = 25 10
Accounting Capstone
Course Project Scoring Rubric Module 1-Journalizing, Posting, and Creating the Unadjusted Trial Balance
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsEarned Points
Proposal includes itemized estimate for cost
of implementation of hardware, software, and
other equipment. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
2
Great job on the different options on the
software. However, you are missing a
computer and other equipment. Please see
the feedback document for further details
and areas of improvement.
Demonstrates effective usage of English
grammar and mechanics. (3 Max Point
Value)
(0 pts.) Paper is not submitted or
more than 10 errors in English
grammar and mechanics observed.
(1 pts.) 6-10 errors in English
grammar and mechanics.
(2 pts.) 3-5 errors in English
grammar and mechanics.
(3 pts.)0-2 errors in English
grammar and mechanics.
2
Please see the feedback document for areas
of improvement.
Paper is submitted by the due date (1 Max
Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Critical Thinking: Reasons stated for
switching to a computerized office and how it
will benefit the business . (4 Max Point
Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No rationale for change is
made.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Rationale for change is
rudimentary.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Rationale for
change is good.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Strong rationale for
change with anticipted results for
business benefits made.
4
Great rationale provided to Ed for switching to
a computerized system. By giving examples,
you made the benefits seem tangible. Please
see the feedback document for further
details.
Information Literacy: Proposal shows
research on hardware and software needs as
well as any other equipment, installation, and
other needs. (4 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No clear proposal made.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Proposal is below average. Did not
explore a number of hardware,
software, and other business
equipment, installation and
services.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Proposal is
average. May not explore a
number of hardware, software,
and other business equipment,
installation and services.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Proposal is clear.
Explores many hardware, software,
and other business equipment,
installation and services.
3
Great job on giving Ed different options on
the software. However, you need to give Ed
more recommendations on equipment.
Please see the feedback document for further
details and areas of improvement.
Information Literacy: Identified the
information needed to support claims made
for the computerization of Ed's office. Source
citation implements APA rules of in-text
citation and reference page citation. (3 Max
Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No sources used. No
elements of APA formatting used.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies. More
than one of the required sources
is missing from the research. Some
elements of APA formatting used.
Did not include in-text citations for
paraphrased or quoted material.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. One of the
required sources is missing
from the research. Most
elements of APA formatting
used and/or did not include in-
text citations for paraphrased
or quoted material.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Sources cited properly
in the text of the work AND on a
reference page at the end of the
work.
2.75
Great job on the reference page and in-text
citations! However, there are a couple of
formatting issues. Please see the feedback
document for further details.
Communication: Consideration in tone and
writing is shown for Ed's current lack of
knowledge of computers. (4 Max Point
Value)
(0 pts.) Writing is inappropriate, does
not use audience-specific tone.
(1 pts.) Writing somewhat exhibits
audience-specific tone. Did not
fully speak from the correct point
of view.
(2-3 pts.) Writing mostly
exhibits audience-specific tone.
Tone may be appropriate, with
minor errors. May or may not
show consideration for Ed's lack
of computer knowledge.
(4 pts.) Writing exhibits appropriate,
audience-specific tone. Tone is
appropriate for communication with
one's superior.
4
Great job on the tone! You understand your
audience and are appropriately business
professional.
Communication: Proposal written in proper
memo format. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Didn't include any of the
memo formatting guidelines.
(1 pts.) Content shows a basic
understanding of memo writing
guidelines. Some elements were
still missing.
(2 pts.) Content meets criteria
with minimal errors. Small
elements of memo were
missing.
(3 pts.) Content meets or exceeds
criteria, is accurate, and shows a
complete understanding of correct
memo formatting rules & guidelines.
2.75
Great job on the format! It follows the correct
memo formatting rules, with a few
exceptions. Please see the feedback
document for further details.
Total Points Available = 25 21.5
Accounting Capstone
Course Project Scoring Rubric Module 2-Computerized Accounting System
Transferable Skills
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Demonstrates effective usage of English
grammar and mechanics. (3 Max Point
Value)
(0 pts.) Paper is not submitted or
more than 10 errors in English
grammar and mechanics observed.
(1 pts.) 6-10 errors in English
grammar and mechanics.
(2 pts.) 3-5 errors in English
grammar and mechanics.
(3 pts.)0-2 errors in English
grammar and mechanics.
3Great job!
Paper is submitted by the due date (1 Max
Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Critical Thinking: A minimum of one
alternative pay structure for each of the 4
types of employees is presented (sales,
service, parts, office manager/bookkeeper).
Thorough descriptions and calculation
example of each pay type is provided. (5 Max
Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No presentation made.
(1-2 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Basic/poor presentation made
and/or two or more types of
employees may not be
represented.
(3-4 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Good presentation
made and/or one type of
employee may not be
represented.
(5 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Strong presentation
made and all type of employees are
represented.
5
Great job on presenting Ed with at least one
type of pay structure for each type of
employee. You have provided Ed a thorough
description of each pay structure type and
provided a sample calculation for the bonus
structure. Also, your presentation is strong.
Please see the feedback document for further
details.
Information Literacy: Research provided to
show alternative methods of pay structure. (4
Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No clear research
provided.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Research is below average. Did not
explore a number of alternative
methods of pay structure.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Research is
average. May not explore a
number of alternative methods
of pay structure.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Research is clear.
Explores many alternative methods
of pay structure.
4
Great job on researching pay structures! You
have explored several different types of pay
structures and given Ed more than one option.
Information Literacy: Identified the
information needed to support research to
show alternative sources of pay structure.
Source citation implements APA rules of in-
text citation and reference page citation. (4
Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No sources used. No
elements of APA formatting used.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies. More
than one of the required sources
is missing from the research. Some
elements of APA formatting used.
Did not include in-text citations for
paraphrased or quoted material.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. One of the
required sources is missing
from the research. Most
elements of APA formatting
used and/or did not include in-
text citations for paraphrased
or quoted material.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Sources cited properly
in the text of the work AND on a
reference page at the end of the
work.
3.75
Great job on the reference page & in-text
citations! However, there are a few formatting
issues. Please see the feedback document for
further details.
Communication: Memo is written in a
professional manner. Correct tone is applied
for proper audience. (4 Max Point Value)
(0 pts.) Writing is inappropriate, does
not use audience-specific tone.
(1 pts.) Writing somewhat exhibits
audience-specific tone. Did not
fully speak from the correct point
of view.
(2-3 pts.) Writing mostly
exhibits audience-specific tone.
Tone may be appropriate, with
minor errors.
(4 pts.) Writing exhibits appropriate,
audience-specific tone. Tone is
appropriate for communication with
one's superior.
4
Great job on the tone! You understand your
audience and are appropriately business
professional.
Communication: Document written in
proper memo format. (4 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Didn't include any of the
memo formatting guidelines.
(1 pts.) Content shows a basic
understanding of memo writing
guidelines. Some elements were
still missing.
(2-3 pts.) Content meets criteria
with minimal errors. Small
elements of memo were
missing.
(4 pts.) Content meets or exceeds
criteria, is accurate, and shows a
complete understanding of correct
memo formatting rules & guidelines.
0.75
You are missing several elements of memo
formatting. Please see the feedback document
for further details.
Total Points Available = 25 21.5
Accounting Capstone
Course Project Scoring Rubric Module 3-Payroll System
Transferable Skills
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Adjusting entries are calculated and
journalized correctly. (14 Max Point Value)
(0-5 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(6-9 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(10-12 pts.) Content meets
criteria with minimal errors, is
accurate for the most part and
shows a great understanding
through apropriate calculatons
and journal entries.
(13-14 pts.) Content meets or
exceeds criteria, is accurate and
shows an excellent understanding
through appropriate calculations and
journal entries.
11.5
Good job! You seem to have a very good
understanding of calculating and
journalizing adjusting entries. However,
please see the feeback document for areas
of improvement.
Closing entries are properly journalized. (10
Max Point Value)
(0-3 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(4-6 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(7-8 pts.) Content meets criteria
with minimal errors, is accurate
for the most part and shows a
great understanding through
appropriate journal entries.
(9-10 pts.) Content meets or exceeds
criteria, is accurate and shows an
excellent understanding through
appropriate journal entries.
7
Good job! You seem to have a very good
understanding of journalizing closing
entries. However, please see the feedback
document for areas of improvement.
Assignment is submitted by the due date (1
Max Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Total Points Available = 25 19.5
Accounting Capstone
Course Project Scoring Rubric Module 4-Adjusting and Closing Entries
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Classified balance sheet is accurately
presented and formatted properly. (8 Max
Point Value)
(0-2 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(3-4 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(5-6 pts.) Content meets criteria
with minimal errors, is accurate
for the most part and shows a
great understanding through a
correct classified balance sheet.
(7-8 pts.) Content meets or exceeds
criteria, is accurate and shows an
excellent understanding through a
correct classified balance sheet.
7
Great job! You seem to have an excellent
understanding of how to create a classified balance
sheet. However, please see the feedback
spreadsheet for areas of improvement.
Multiple-step income statement is accurately
presented and formatted properly. (8 Max
Point Value)
(0-2 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(3-4 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(5-6 pts.) Content meets criteria
with minimal errors, is accurate
for the most part and shows a
great understanding through a
correct multiple-step income
statement.
(7-8 pts.) Content meets or exceeds
criteria, is accurate and shows an
excellent understanding through a
correct multiple-step income
statement.
8
Great job! You seem to have an excellent
understanding of how to create a multiple-step
income statement.
Cash flow statement, using the indirect
method, is accurately presented and
formatted properly. (8 Max Point Value)
(0-2 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(3-4 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(5-6 pts.) Content meets criteria
with minimal errors, is accurate
for the most part and shows a
great understanding through a
correct cash flow statement.
(7-8 pts.) Content meets or exceeds
criteria, is accurate and shows an
excellent understanding through a
correct cash flow statement.
4
Please see the feedback spreadsheet for areas of
improvement.
Assignment is submitted by the due date (1
Max Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Total Points Available = 25 20
Accounting Capstone
Course Project Scoring Rubric Module 5-Financial Statements
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Demonstrates effective usage of English
grammar and mechanics. (3 Max Point
Value)
(0 pts.) Paper is not submitted or
more than 10 errors in English
grammar and mechanics observed.
(1 pts.) 6-10 errors in English
grammar and mechanics.
(2 pts.) 3-5 errors in English
grammar and mechanics.
(3 pts.)0-2 errors in English
grammar and mechanics.
3Great job!
Paper is submitted by the due date (1 Max
Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Critical Thinking: Short and long term
implications shared regarding the purchase
of a luxury vehicle. (4 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No implications shared.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies. Only a
few implications shared and/or
either short or long-term is
missing.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. At least two
implications shared on both
short and long-term.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. At least three
implications shared on both short
and long term.
1.75
Good job on your short and long
term implications! You have
presented two long term
implications and one short term
implication. Please see the
feedback document for further
details.
Digital Fluency: Ethically interpret
information, uncover the context and content,
synthesize the new knowledge, and clearly
communicate it to a digitally connected
audience. (4 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
3.25
Great synthesis of the information
for Ed! However, you are missing
credible sources. Please see the
feedback document for further
details.
Ethics and Professional Responsibility:
Understanding, exhibiting, and applying
ethical and professional principles of conduct.
(4 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
3.75
Great job on ethically
communicating tax information to
Ed! However, please see the
feedback document for area of
improvement.
Information Literacy: Research provided to
show the short and long-term implications of
purchasing a luxury vehicle. (3 Max Point
Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No clear research
provided.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Research is below average. Did not
explore a number of implications.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Research is
average. May not explore a
number of implications.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Research is clear.
Explores many implications.
2
Good job on researching short and
long term implications for Ed.
However, please see the feedback
document for areas of
improvement.
Information Literacy: Identified the
information needed to support research to
show short and long-term implications of
purchasing a luxury vehicle. Source citation
implements APA rules of in-text citation and
reference page citation. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No sources used. No
elements of APA formatting used.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies. More
than one of the required sources
is missing from the research. Some
elements of APA formatting used.
Did not include in-text citations for
paraphrased or quoted material.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. One of the
required sources is missing
from the research. Most
elements of APA formatting
used and/or did not include in-
text citations for paraphrased
or quoted material.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Sources cited properly
in the text of the work AND on a
reference page at the end of the
work.
0
You are missing both a reference
page and in-text citations. Please
see the feedback document for
further details.
Communication: Document written in
proper memo format. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Didn't include any of the
memo formatting guidelines.
(1 pts.) Content shows a basic
understanding of memo writing
guidelines. Some elements were
still missing.
(2 pts.) Content meets criteria
with minimal errors. Small
elements of memo were
missing.
(3 pts.) Content meets or exceeds
criteria, is accurate, and shows a
complete understanding of correct
memo formatting rules & guidelines.
2.75
Great job on the format! It follows
the correct memo formatting
rules, with a few exceptions.
Please see the feedback
document for further details.
Total Points Available = 25 17.5
Accounting Capstone
Course Project Scoring Rubric Module 6-Tax Preparation
Transferable Skills
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Includes details of what the next steps will be
for Ed and office manager (student) to take
in making the change. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
1
Please see the feedback document for areas of
improvement.
Demonstrates effective usage of English
grammar and mechanics. (3 Max Point
Value)
(0 pts.) Paper is not submitted or
more than 10 errors in English
grammar and mechanics observed.
(1 pts.) 6-10 errors in English
grammar and mechanics.
(2 pts.) 3-5 errors in English
grammar and mechanics.
(3 pts.)0-2 errors in English
grammar and mechanics.
3Great job!
Paper is submitted by the due date (1 Max
Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Critical Thinking: Minimum of three forms
for Ed to consider are proposed, including
benefits and drawbacks. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
1
Please see the feedback document for areas of
improvement.
Critical Thinking: Recommendation made
and rationale shared for one specific business
form for Ed to choose. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No recommendation or
rationale shared.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Recommendation and/or rationale
is rudimentary.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Recommendation
and rationale are good.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Recommendation and
strong rationale for recommendation
is made with reasons explained
thoroughly.
1
Please see the feedback document for areas of
improvement.
Digital Fluency: Ethically interpret
information, uncover the context and content,
synthesize the new knowledge, and clearly
communicate it to a digitally connected
audience. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
2
Great synthesis of the information for Ed.
However, please see the feedback document for
areas of improvement.
Information Literacy: Research provided to
show three business forms, recommendation,
and rationale for recommendation. (3 Max
Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No clear research
provided.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Research is below average.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Research is
average.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Research is clear.
1
Please see the feedback document for areas of
improvement.
Information Literacy: Identified the
information needed to support research to
show three business forms, recommendation,
and rationale for recommendation. Source
citation implements APA rules of in-text
citation and reference page citation. (3 Max
Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No sources used. No
elements of APA formatting used.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies. More
than one of the required sources
is missing from the research. Some
elements of APA formatting used.
Did not include in-text citations for
paraphrased or quoted material.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. One of the
required sources is missing
from the research. Most
elements of APA formatting
used and/or did not include in-
text citations for paraphrased
or quoted material.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Sources cited properly
in the text of the work AND on a
reference page at the end of the
work.
0
You are missing both a reference page and in-
text citations. Please see the feedback document
for further details.
Communication: Document written in
proper memo format. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Didn't include any of the
memo formatting guidelines.
(1 pts.) Content shows a basic
understanding of memo writing
guidelines. Some elements were
still missing.
(2 pts.) Content meets criteria
with minimal errors. Small
elements of memo were
missing.
(3 pts.) Content meets or exceeds
criteria, is accurate, and shows a
complete understanding of correct
memo formatting rules & guidelines.
3
Great job on the format! It follows all of the
correct memo formatting rules.
Total Points Available = 25 13
Accounting Capstone
Course Project Scoring Rubric Module 7-Business Formation
Transferable Skills
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Includes continuing education plan proposal,
including cost of tuition, materials, release
time from work, or other considerations. (3
Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
2.5
Good job on your continuing
education plan proposal! You
have included all costs involved
and time off from work needed.
However, please see the
feedback document for areas of
improvement.
At least one professional certification is
considered, and the requirements for this
certification are given. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
1.75
Please see the feedback
document for areas of
improvement.
Demonstrates effective usage of English
grammar and mechanics. (2 Max Point
Value)
(0 pts.) Paper is not submitted or
more than 10 errors in English
grammar and mechanics observed.
(1 pts.) 6-10 errors in English
grammar and mechanics.
(1.5 pts.) 3-5 errors in English
grammar and mechanics.
(2 pts.) 0-2 errors in English
grammar and mechanics.
1.75
Please see the feedback
document for areas of
improvement.
Paper is submitted by the due date (1 Max
Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Critical Thinking: Includes rationale for the
type and amount of continuing education
chosen. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Rationale is not shared.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Rationale is rudimentary.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Rationale is good.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Strong rationale is
shared with reasons explained
thoroughly.
2.5
Good job on your rationale for the
type and amount of continuing
education you are proposing.
However, please see the
feedback document for areas of
improvement.
Digital Fluency: Ethically interpret
information, uncover the context and content,
synthesize the new knowledge, and clearly
communicate it to a digitally connected
audience. (2 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(1.5 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(2 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
1.75
Great synthesis of the
information for Ed! However,
your sources are missing. Please
see the feedback document for
further details.
Diversity and Teamwork: Consideration is
taken for diversity training opportunities that
can be brought back to other employees. (3
Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
0
You have not presented a
diversity training course or how
the other employees will be
trained to Ed. Please see the
feedback document for further
details.
Information Literacy: Research provided to
show continuing education plan and rationale
for plan. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No clear research
provided.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Research is below average.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Research is
average.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Research is clear.
1.75
Good job researching your
continuing education plan.
However, please see the
feedback document for areas of
improvement.
Information Literacy: Identified the
information needed to support research to
show continuing education plan and rationale
for plan. Source citation implements APA
rules of in-text citation and reference page
citation. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No sources used. No
elements of APA formatting used.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies. More
than one of the required sources
is missing from the research. Some
elements of APA formatting used.
Did not include in-text citations for
paraphrased or quoted material.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. One of the
required sources is missing
from the research. Most
elements of APA formatting
used and/or did not include in-
text citations for paraphrased
or quoted material.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Sources cited properly
in the text of the work AND on a
reference page at the end of the
work.
0
You are missing both a reference
page and in-text citations.
Communication: Proposal written in proper
memo format. (2 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Didn't include any of the
memo formatting guidelines.
(1 pts.) Content shows a basic
understanding of memo writing
guidelines. Some elements were
still missing.
(1.5 pts.) Content meets criteria
with minimal errors. Small
elements of memo were
missing.
(2 pts.) Content meets or exceeds
criteria, is accurate, and shows a
complete understanding of correct
memo formatting rules & guidelines.
2
Great job on the format! It follows
all of the correct memo
formatting rules.
Total Points Available = 25 15
Accounting Capstone
Course Project Scoring Rubric Module 8-Continuing Education
Transferable Skills
Total Points Possible = 25Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Student briefly summarizes the Sarbanes-
Oxley Act (SOX). (4 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
3
Good job on briefly summarizing the SOX Act of 2002.
However, please see the feedback document for
areas of improvement.
Student addresses how SOX will impact their
career as an accountant. (4 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
3.75
Great job addressing how SOX will impact your
career as an accountant. However, please see the
feedback document for area of improvement.
Demonstrates effective usage of English
grammar and mechanics. (3 Max Point
Value)
(0 pts.) Paper is not submitted or
more than 10 errors in English
grammar and mechanics observed.
(1 pts.) 6-10 errors in English
grammar and mechanics.
(2 pts.) 3-5 errors in English
grammar and mechanics.
(3 pts.) 0-2 errors in English
grammar and mechanics.
3Great job!
Paper is submitted by the due date (1 Max
Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Critical Thinking: Student addresses
whether SOX is doing a good job of
preventing accounting fraud and explains
their rationale. (4 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Rationale is not shared.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Rationale is rudimentary.
(2-3 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Rationale is good.
(4 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Strong rationale is
shared with reasons explained
thoroughly.
3.75
Great job stating your opinion that you feel SOX is
doing a good job of preventing accounting fraud.
Your reasons are explained in detail. However,
please see the feedback document for area of
improvement.
Information Literacy: Research provided on
the Sarbanes-Oxley Act and rationale for
whether or not it is doing a good job of
preventing accounting fraud. (3 Max Point
Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No clear research
provided.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
Research is below average.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. Research is
average.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Research is clear.
2
Great job researching your rationale and how you
feel SOX is doing at preventing accounting fraud.
However, more research is needed on the SOX Act
itself and citations are needed. Please see the
feedback document for further details.
Information Literacy: Identified the
information needed to support research on
the Sarbanes-Oxley Act and rationale for
whether or not it is doing a good job of
preventing accounting fraud. Source citation
implements APA rules of in-text citation and
reference page citation. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No sources used. No
elements of APA formatting used.
(1 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies. More
than one of the required sources
is missing from the research. Some
elements of APA formatting used.
Did not include in-text citations for
paraphrased or quoted material.
(2 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. One of the
required sources is missing
from the research. Most
elements of APA formatting
used and/or did not include in-
text citations for paraphrased
or quoted material.
(3 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Sources cited properly
in the text of the work AND on a
reference page at the end of the
work.
1.5
Good job on the reference page for the most part;
however, there are several formatting issues. Also,
you are missing all in-text citations. Please see the
feedback document for further details.
Communication: Essay written in proper
APA format. Correct tone is applied for
proper audience. (3 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. Writing is inappropriate,
does not use audience-specific tone.
Didn't include any of the APA
formatting guidelines.
(1 pts.) Writing somewhat exhibits
audience-specific tone. Did not
fully speak from the correct point
of view. Content shows a basic
understanding of APA formatting
guidelines. Some elements were
still missing.
(2 pts.) Writing mostly exhibits
audience-specific tone. Tone
may be appropriate, with minor
errors. Small elements of APA
formatting were missing.
(3 pts.) Writing exhibits appropriate,
audience-specific tone. Tone is
appropriate for an academic essay.
Content shows a complete
understanding of correct APA
formatting guidelines.
2.5
Great job on the tone! You use appropriate
vocabulary for an academic essay. However, there
are several APA formatting issues. Please see the
feedback document for further details.
Total Points Available = 25 20.5
Accounting Capstone
Course Project Scoring Rubric Module 9-Sarbanes-Oxley Act
Transferable Skills
Total Points Possible = 75Insufficient/Not EvidentProgressingCompetentExemplaryEarned PointsComments
Presentation demonstrates that the student
fully comprehends material that would be
presented to a potential lender. (5 Max Point
Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1-2 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(3-4 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(5 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
3.25
Overall, good job on the content in
the Powerpoint presentation.
However, it didn't meet the length
requirement. Also, please see the
feedback document (PowerPoint)
for further areas of improvement.
Presentation is done in a manner that is
effective. Proper use of fonts, formatting,
color, and images is demonstrated. (5 Max
Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(1-2 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(3-4 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(5 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
4.75
Great job on the fonts, color, and
formatting. Also, the slide show
works great! However, please see
the feedback document
(PowerPoint) for area of
improvement.
Written summary provides a complete
picture of the company to the lender. (10
Max Point Value)
(0-3 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(4-6 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(7-9 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(10 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
6
Overall, good job on the written
report. It includes some
information a lender will want to
see. However, please see the
feedback document for areas of
improvement.
Demonstrates effective usage of English
grammar and mechanics. (4 Max Point
Value)
(0 pts.) Paper is not submitted or
more than 10 errors in English
grammar and mechanics observed.
(1 pts.) 6-10 errors in English
grammar and mechanics.
(2-3 pts.) 3-5 errors in English
grammar and mechanics.
(4 pts.) 0-2 errors in English
grammar and mechanics.
4Great job!
Paper is submitted by the due date (1 Max
Point Value)
(0 pts.) Paper is not submitted by the
due date.
(0 pts.) Paper is not submitted by
the due date.
(0 pts.) Paper is not submitted
by the due date.
(1 pts.) Paper is submitted by the
due date.
1
Critical Thinking: Project as a whole
accurately demonstrates application of critical
thinking skills. (20 Max Point Value)
(0-9 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(10-15 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(16-19 pts.) Content meets
criteria with minimal errors, is
accurate and shows a clear
understanding through
apropriate examples and
explanations.
(20 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
16
Overall, good job on the content in
the business report and
Powerpoint presentation.
However, please see the feedback
documents for areas of
improvement.
Information Literacy: References are from
credible sources. (5 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No sources used.
(1-2 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(3-4 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(5 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
3.5
Great job on one of your sources.
However, you should always use
real sources for an academic
assignment.
Information Literacy: APA formatting used
correctly. Source citation implements APA
rules of in-text citation and reference page
citation. (5 Max Point Value)
(0 pts.) Content was not included or
incomplete, and/or extremely
inaccurate. No sources used. No
elements of APA formatting used.
(1-2 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies. More
than one of the required sources
is missing from the research. Some
elements of APA formatting used.
Did not include in-text citations for
paraphrased or quoted material.
(3-4 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations. One of the
required sources is missing
from the research. Most
elements of APA formatting
used and/or did not include in-
text citations for paraphrased
or quoted material.
(5 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations. Sources cited properly
in the text of the work AND on a
reference page at the end of the
work.
2.5
Great job on the reference page in
both your business report and
business presentation. However,
there are a couple of formatting
issues. Also, you are missing all in-
text citations in both the business
report and presentation. Please
see the feedback documents for
further details.
Communication: Presentation shows a
strong awareness of audience. (10 Max Point
Value)
(0-3 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(4-6 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(7-9 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(10 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
7.5
Your presentation showed a clear
understanding that your audience
were potential lenders. However,
it was not geared towards
potential investors also. In
addition, it was not the
appropriate length and more
details were needed. Please see
the feedback document for further
details.
Communication: The project is well
organized with a clearly evident
purpose/thesis. (10 Max Point Value)
(0-3 pts.) Content was not included or
incomplete, and/or extremely
inaccurate.
(4-6 pts.) Content shows a basic
understanding of key ideas, yet
includes some inaccuracies.
(7-9 pts.) Content meets criteria
with minimal errors, is accurate
and shows a clear
understanding through
apropriate examples and
explanations.
(10 pts.) Content meets or exceeds
criteria, is accurate and shows
extraordinary understanding
through rich examples and
explanations.
7.5
Great job on the organizaton of
your business report and
presentation! They both flowed
well and followed each other.
However, while it was clear that
the purpose of both was to obtain
a loan for Ed, more details and
information were needed.
Total Points Available = 75 56
Accounting Capstone
Course Project Scoring Rubric Module 10-Bank Presentation
Transferable Skills
AccountPost RefDebitCredit
1/5/2014Auto supplies inventory435
1/12/2014Insurance600
1/16/2014Office cleaning 200
1/22/2014Mary Cleaning services200
1/27/2014Note from ed2250
14352250
Date
Journal
Bal..150,000Bal.135,000Bal.90,000Bal.100,000435Bal.6000Bal.3480
Bal.50,000600Bal.7500Bal.52,000Bal.7860Bal.183,600Bal.41,040
Store
Bal.64,000Bal.0Bal.0Bal.67,200Bal.966355Bal.5000
Bal.57,000Bal.350,000Bal.50,000Bal.27,000Bal.0
Bal.7500Bal.0Bal.0Bal.0Bal.130
Bal.1000Bal.0Bal.0Bal.205Bal.40
Interest Expense #555
Accounts Receivable #110
Rent Expense #545
Cash #100
Office Equipment #150
Accounts Payable #200
Sales #400
Advertising Expense #520
Merchandise Inventory, Parts #120
Store Equipment #160
Interest Payable #220
Sales Salaries Expense #505
Depreciation Expense,
Store Equipment #530
Accumulated Depreciation,
Office Equipment #155
Salaries Payable #210
Cost of Merchandise Sold #500
Depreciation Expense,
Office Equipment #525
Insurance Expense #550
Office Salaries Expense #515
Miscellaneous Selling Expenses #540
Miscellaneous Administrative Expense #565
Merchandise Inventory,
Motorcycles #125
Accumulated Depreciation,
Store Equipment #165
Note Payable #230
Service Salaries Expense #510
Depreciation Expense.
Shop Equipment #535
Office Supplies Expense #560
Prepaid Insurance #140
Accumulated Depreciation,
Shop Equipment #175
Ed Silver, Drawing #310
Office Supplies #130
Shop Equipment #170
Ed Silver, Capital #300
Cash150,000
Accounts recievable135,000
Inventory90,000
motorcyles100,000
Office supplies6,000
Prepaid insurance3,480
Depreciation7,500
Store equipment52,000
Depre Equipment7,860
Shop Equipment183,600
Accumulated dep equipment 41,040
Note Payable67,200
Ed silver capital966355
Ed silver Drawing5,000
Miscillenous expe130
Advertising Expenses1000
Office supplies205
Admin expenses40
total726,4551,089,955
Big Ed's Motorcycle Shop
Unadjusted Trial Balance
January 31, 2014
DRCRDRCRDRCRDRCRDRCR
Cash184,500 184,500 184,500
Accounts Receivable145,200 145,200 145,200
Merchandise Inventory, Parts100,000 3,000 97,000 97,000
Merchandise Inventory, Motorcycles110,000 110,000 110,000
Office Supplies6,720 6,720 6,720
Prepaid Insurance4,080 1,200 2,880 2,880
Office Equipment50,000 60 50,060 50,060
Accumulated Depreciation-Office Equipment 7,500 2,500 10,000 10,000
Store Equipment52,000 52,000 52,000
Accumulated Depreciation-Store Equipment7,860 2,540 10,400 10,400
Shop Equipment183,600 183,600 183,600
Accumulated Depreciation-Shop Equipment 41,040 13,954 54,994 54,994
Accounts Payable 66,720 66,720 66,720
Salaries Payable 9,500 9,500 9,500
Interest Payable5,376 5,376 5,376
Note Payable (due 2010) 67,200 67,200 67,200
Ed Silver, Capital 534,180 534,180 649,770
Ed Silver, Drawing42,000 42,000 42,000
Sales 1,488,000 1,488,000 1,488,000
Cost of Merchandise Sold930,000 3,000 933,000 933,000
Sales Salaries Expense207,840 3,000 210,840 210,840
Service Salaries Expense100,980 5,000 105,980 105,980
Office Salaries Expense1,500 1,500 1,500
Advertising Expense52,560 52,560 52,560
Depreciation Expense-Office Equipment2,500 2,500 2,500
Depreciation Expense-Store Equipment2,540 2,540 2,540
Depreciation Expense-Shop Equipment13,954 13,954 13,954
Miscellaneous Selling Expense1,920 1,920 1,920
Rent Expense37,620 37,620 37,620
Insurance Expense- 1,200 1,200 1,200
Interest Expense5,376 5,376 5,376
Office Supplies Expense1,560 60 1,500 1,500
Miscellaneous Administrative Expense1,920 1,920 1,920
2,212,500 2,212,500 38,130 38,130 2,246,370 2,246,370 1,372,410 1,488,000 873,960 873,960
Profit for the year115,590 -
Balance SheetUnadjusted Trial Balance
Big Ed's Motorcycle Shop
End of Period Worksheet
For the period ending 12/31/2015
Adjusting EntriesAdjusted Trial BalanceIncome Statement
