Accounting Homework

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acc_600_week_1_template_1.xlsx
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Exercise #1

Name: <Your Name>
Exercise #1
Preparing the balance sheet
The account balances of Wilford Towing Service at June 30, 2016, follow:
1.       Prepare the balance sheet for Wilford Towing Service as of June 30, 2016.
Wilford Towing Service Wilford Towing Service Wilford Towing Service
Balance Sheet Income Statement Statement of Retained Ernmings
30-Jun-16 Month Ended June 30, 2016 Month Ended June 30, 2016
Assets Liabilities
Stockholders' Equity
Total Assets Total Liabilities & Stockholders' Equity
2.       What does the balance sheet report?

Exercise #2

Name: <Your Name>
Exercise #2
Journalizing transactions from T-accounts
In December 2016, the first five transactions of Atkins’ Lawn Care Company have been posted to the T-accounts.
Instructions
Prepare the journal entries that served as the sources for the five transactions. Use the # in parenthesis as the reference number. Include an explanation for each entry.
Date/Ref. # Accounts and Explanations Debit Credit

Exercise #3

Name: <Your Name>
Exercise #3
Preparing a trial balance
The accounts of Aker Moving Company follow with their normal balances as of August 31, 2016. The accounts are listed in no particular order.
Instructions
Prepare Aker’s trial balance as of August 31, 2016.
Aker Moving Company
Trial Balance
31-Aug-16
Balance
Account Tittle Debit Credit

Grading Rubric

Faculty Name: Dr. Bolden
Course Name: ACC-600-2957-Accting & Fin for Managers-08-2016
Student Name: <Your Name>
Assignment 1
Students complete the following worksheet: ACC 600 Assignments Week One
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
SCOPE - How well does the student’s work incorporate all aspects of the assignment’s elements and the learning outcome(s)? 40% 28.73 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.
ACCURACY - How accurately does the student use the course concepts, vocabulary, and principles learned in the course? 40% 28.73 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.
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% 7.18 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.
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
ORGANIZATION AND COHERENCE - How well does the student make use of Excel to complete the requirements of the assignment. 10% 7.18 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.
100% Total grade 0.00