At the end of each module, you will apply the module’s concepts by completing comprehensive assignments from the textbook.
Complete problems P3-43 (p. 185) and P4-38 (p. 252) in your text book.
Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes.
By Wednesday, March 4, 2015 deliver your assignment to the M2: Assignment 3 Dropbox.
Create the file with the following name: LastnameFirstInitial_M2A3.Excel.xls.
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Assignment 3 Grading Criteria |
Maximum Points |
|
P3-43: |
|
|
Open addition T accounts |
3 |
|
Journalize transactions December 21-30 |
4 |
|
Post to T-accounts |
2 |
|
Prepare trial balance |
5 |
|
Adjusting entries made in adjustments column |
3 |
|
Journalize and post adjusting entries and denoted adjusting amounts |
4 |
|
Prepare income statement and retained earnings |
5 |
|
P4-38: |
|
|
Complete accounting worksheet at 12/31 |
6 |
|
Journalize and post closing entries at 12/31 |
6 |
|
Prepare classified balance sheet |
7 |
|
Accuracy and timeliness |
5 |
|
Total: |
50 |
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