Accounting Homework

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acc600_week_3_assignment_template.xlsx
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Exercise #1

Name: <Name>
Exercise 1
Preparing a Worksheet
The unadjusted trial balance of Voice Link at November 30, 2016, follows:
Instructions
1.       Complete Voice Link’s worksheet for the month ended November 30, 2016.
2.       How much was net income for November?
Voice Link
Worksheet
November 30, 2016
Unadjusted Trial Bal. Adjustments Adjusted Trial Bal. Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 3,900
Accounts Receivable 3,700
Prepaid Rent 1,600
Office Supplies 3,900
Equipment 33,400
Accumulated Depreciation - Equipment 1,500
Accounts Payable 5,100
Salaries Payable
Common Stock 36,400
Dividends 2,400
Retained Earnings
Service Revenue 8,600
Depreciation Expense - Equipment
Salaries Expense 2,000
Rent Expense
Utilities Expense 700
Supplies Expense
Total 51,600 51,600

Exercise #2

Name: <Name>
Exercise #2
Preparing a worksheet, closing entries, and a post-closing trial balance
Instructions
1.       Complete the worksheet for San Antonio Veterinary Hospital.
2.       Prepare the closing entries.
3.       Prepare the post-closing trial balance.
San Antonio Veterinary Hospital completed the following worksheet as of December 31, 2016:
1.       Complete the worksheet for San Antonio Veterinary Hospital.
San Antonio Veterinary Hospital
Worksheet
December 31, 2016
Unadjusted Trial Bal. Adjustments Adjusted Trial Bal. Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 28,100 28,100
Accounts Receivable 9,600 600 10,200
Office Supplies 900 75 825
Prepaid Rent 9,000 950 8,050
Equipment 23,000 23,000
Accumulated Depreciation - Equipment 1,100 1,100
Accounts Payable 3,600 3,600
Utilities Payable 320 320
Salaries Payable 875 875
Unearned Revenue 10,000 1,400 8,600
Common Stock 39,000 39,000
Retained Earnings 56,680 56,680
Dividends 19,000 19,000
Service Revenue 25,000 2,000 27,000
Rent Expense 21,000 950 21,950
Salaries Expense 14,000 875 14,875
Supplies Expense 75 75
Utilities Expense 10,000 10,000
Depreciation Expense - Equipment 1,100 1,100
Total 134,600 134,600 5,000 5,000 137,175 137,175
2.       Prepare the closing entries.
Account Title Debit Credit
3.       Prepare the post-closing trial balance.
San Antonio Veterinary Hospital
Post-Closing Trial Balance
December 31, 2016
Debit Credit

Grading Rubric

Faculty Name: Dr. Bolden
Course Name: ACC-600-2957-Accting & Fin for Managers-08-2016
Student Name: 0
Assignment 3
Students complete the following worksheet: ACC 600 Assignments Week Three
Student Proficiency 71.82
Basic Developing Accomplished Advanced Exceptional
EVALUATION CRITERIA Total Weight Possible Points 0-69% 70-79 % 80-89% 90%-99% 100% Comments for Student Points
0
SCOPE - How well does the student’s work incorporate all aspects of the assignment’s elements and the learning outcome(s)? 40% 28.7 The assignment contains few of the assignment elements and reflects few, if any, aspects of the specified learning outcome(s). The assignment reflects some of the assignment elements and aspects of the specified learning outcome(s). The assignment reflects most of the assignment elements and aspects of the specified learning outcome(s). The assignment reflects all assignment elements and aspects of the specified learning outcome(s). The assignment elements are comprehensive, incorporated throughout the paper, and content not relevant to the assignment has been excluded.
0
ACCURACY - How accurately does the student use the course concepts, vocabulary, and principles learned in the course? 40% 28.7 Very few, if any, learned concepts, terms, and principles are used correctly throughout the assignment. Some of the learned concepts, terms, and principles are used correctly throughout the assignment. Most of the learned concepts, terms, and principles are used correctly throughout the assignment. All of the learned concepts, terms, and principles are used correctly throughout the assignment. This assignment reflects a thorough understanding of course content from the specified weeks, by applying the concepts and vocabulary in the appropriate context.
0
APPLICATION - How well does the student use critical thinking to apply the course concepts, vocabulary, and principles learned in the course throughout the assignment and connect the learning outcomes to current or real world situations? 10% 7.2 Very few, if any, course concepts are presented within the student’s assignment, and little analysis is provided. Course concepts are presented, but few, if any, are demonstrated through the student’s use of critical thinking supported by course concepts. Most of the course concepts are addressed and the student has used an adequate amount of critical thinking to apply them to the assignment. The assignment addresses the course content throughout the assignment that applies the concepts with demonstrated critical thinking This assignment applies the content to specific real world examples, analyzing the concepts from different perspectives. Direct quotations are used sparingly and thoughts expressed in the student's own words that demonstrate student's ability to assimilate/apply/extend concepts beyond the content derived from research sources.
0
RESEARCH AND SUPPORT - How well are the student’s ideas and opinions supported with the depth and breadth of the required research for thorough understanding? 0% 0.0 The assignment does not include enough information or examples that support the student’s position. The assignment presents a position supported by minimal use of personal experience, observation, and research using both scholarly and non-scholarly sources. The assignment presents a position by a fairly thorough analysis of personal experience, observation, using both scholarly and non-scholarly sources. The assignment presents a position based on a deep integration of all relevant support and research sources. The research/supporting material extends well beyond the text and include sources which supplement and/or provide new perspectives on the subject matter. When appropriate, all sources reflect reliable scholarly sources which add depth to the assignment's content. N/A
0
ORGANIZATION AND COHERENCE - How well does the student make use of Excel to complete the requirements of the assignment. 10% 7.2 Excel was not used; not all formulas were provided. Student used Excel, although did not use formulas or show how numbers were computed. Student used Excel and formulas for some of the computed answers. Student used some formulas in Excel and/or showed how all numbers were computed. Student used Excel formulas for all computed answers.
0
CONVENTIONS AND WRITING STYLE - How well does the student apply the rules of Standard Written English and follow the West Writing Style Handbook guidelines? 0.00% 0.0 There are serious errors in the application of Standard Written English that impact clarity and effectiveness and/or severe violations of West Writing Style Handbook guidelines. There are fundamental errors in the application of Standard Written English that impact clarity or effectiveness and/or significant infractions of West Writing Style Handbook guidelines. There are minor errors in the application of Standard Written English or West Writing Style Handbook guidelines. Language is especially clear and concise and follows the conventions of Standard Written English, as well as West Writing Style Handbook guidelines without error. Writing is free of all grammatical and typographical errors. Sentences are complete and concise with precise word choices. All citations and references must be correctly formatted and applied as required to conform to WEST standards of academic integrity. N/A
100% Total grade 0.00