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Overview
In this assignment, you are required to answer questions on the account
Overview
In this assignment, you are required to answer questions on the accounting cycle and prepare general journal entries.
Preparation
Complete the following:
Download the Week 2 Assignment Template [XLSX] Download Week 2 Assignment Template [XLSX]and use it to complete this assignment.
Review all assigned readings.
Note: Accuracy in accounting is paramount. Take your time and double check your work for errors or omissions.
Instructions
Part 1: Describe the accounting cycle with specified details.
Part 2: Create required journal entries.
Complete both parts using the Week 2 Assignment Template [XLSX] Download Week 2 Assignment Template [XLSX].
Part 1: Accounting Cycle
Respond to the short-answer questions found in the template on the Accounting Cycle tab using proper grammar and language.
Part 2: Journal Entries
Prepare specified journal entries.
Submit your completed template to this assignment.
Your submission will also be graded on the clarity and quality of your write. So, make sure you are writing in complete and grammatically correct sentences.
Competencies Measured
By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:
Competency 1: Define accounting terminology and its application to accounting principles.
Describes the accounting cycle with specified details.
Competency 3: Prepare financial statements from accounting system data.
Create required journal entries with one error.
Competency 4: Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.
Convey clear meaning through appropriate word choice and usage.
Write in the third person, adhering to conventions of academic tone.
View Rubric
Week 2 Assignment: The Accounting Cycle and Journal Entries
Week 2 Assignment: The Accounting Cycle and Journal Entries
Criteria Ratings Pts
Describes the accounting cycle with specified details.
60 to >51 pts
DISTINGUISHED
Describes the accounting cycle with specified details, provides examples to support description and details, and answers all accounting cycle questions correctly with specified detail.
51 to >42 pts
PROFICIENT
Describes the accounting cycle with specified details. Answers 5–8 accounting cycle questions correctly with specified detail.
42 to >0 pts
BASIC
Describes the accounting cycle, but missing needed details. Answers 3–4 accounting cycle questions correctly with specified detail.
0 pts
NON_PERFORMANCE
Does not describe the accounting cycle. Answers less than three accounting cycle questions correctly with specified detail.
/ 60 pts
Create required journal entries with one error.
60 to >51 pts
DISTINGUISHED
Creates required journal entries with no errors.
51 to >42 pts
PROFICIENT
Creates required journal entries with one error.
42 to >0 pts
BASIC
Creates required journal entries with two or more errors.
0 pts
NON_PERFORMANCE
Does not create required journal entries.
/ 60 pts
Convey clear meaning through appropriate word choice and usage.
22.5 to >19.13 pts
DISTINGUISHED
Conveys clear meaning through appropriate word choice and usage.
19.13 to >15.75 pts
PROFICIENT
Conveys clear meaning through appropriate word choice and usage.
15.75 to >0 pts
BASIC
Clear meaning is inhibited by a limited vocabulary, vague or ambiguous word choice, or incorrect usage.
0 pts
NON_PERFORMANCE
Does not convey clear meaning through appropriate word choice and usage.
/ 22.5 pts
Write in the third person, adhering to conventions of academic tone.
7.5 to >6.38 pts
DISTINGUISHED
Writes in the third person, using a consistent and deliberate tone, fine-tuned to the audience and occasion.
6.38 to >5.25 pts
PROFICIENT
Writes in the third person, adhering to conventions of academic tone.
5.25 to >0 pts
BASIC
Writes from an ambiguous or shifting point-of-view, or with an inappropriate tone.
0 pts
NON_PERFORMANCE
Does not write in the third person or adhere to conventions of academic tone.
/ 7.5 pts
Total Points: 0
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