Accounitng week 1

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week_1_assignment_requirements.doc

WEEK 1 ASSIGNMENT REQUIREMENTS

Chapter 1 Exercise 2 - Calculate Total Assets, Liabilities and Net Income.

Distinguished - Correctly calculates total assets, liabilities, and net income.

Ch 1 Ex 5 Calculate Owners’ Equity and Net Income.

Distinguished - Correctly calculates owners’ equity and net income.

Chapter 1 Exercise 8 Calculate Revenue, Investments and Total Assets.

Distinguished - Correctly calculates revenue, investments, and total assets.

Chapter 1 Problem 3 - Prepared the Income Statement, Statement of Owners’ Equity and the Balance Sheet.

Distinguished - Correctly prepares the income statement, statement of owners’ equity. and the balance sheet.

Chapter 1 Problem 5 - Prepared the Income Statement, Statement of Owners’ Equity and the Balance Sheet.

Distinguished - Correctly prepared the income statement, statement of owners’ equity and the balance sheet.

Chapter 2 Exercise 3 - Prepared Journal Entries Relating to Investments, Revenue, Expenses and Liabilities.

Distinguished - Correctly prepares journal entries relating to investments, revenue, expenses, and liabilities.

Chapter 2 Exercise 4 - Determine the Cost of the Company's Land by Preparing a Trial Balance.

Distinguished - Correctly calculates the cost of the company's land by preparing a trial balance.

Quantitative Literacy: Calculation

Distinguished - All calculations are correct and adequately all inclusive. Calculations are presented clearly and succinctly.

Written Communication: Control of Syntax and Mechanics

Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.