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Journalizing Transactions 
Accounting Cycle Documentation -Part 1
Using text, perform the following: 1. Define accounting terms related to journalizing transactions. 2. Identify accounting concepts and practices related to journalizing transactions. 3. Record transactions to set up a business in a five-column journal. 4. Record transactions to buy insurance for cash and supplies on account in a five-column journal. 5. Record transactions that affect owner’s equity and receiving cash on account in a five-column journal. 6. Prove and rule a five-column journal and prove cash.
Rubric Code: Q5AXA5
By steking
Ready to use
Public Rubric
Subject: Accounting  
Type: Assessment  
Grade Levels: Undergraduate

Powered by iRubric GRID
  Advanced A+/A

50 pts

Proficient B+

42 pts

Partially Proficient B

36 pts

Novice C/C+

30 pts

Below Satisfactor D

24 pts

Define accounting terms related to
5 pts

10 points
Advanced A+/A

Has been able to answer all Brief Exercises.
(5 points)
Proficient B+

Has been able to answer many of the brief excercises
(4 points)
Partially Proficient B

Has been able to answer few of the brief exercises with few errors
(3 points)
Novice C/C+

Has been able to answer few of the brief exercises but with many errors.
(2 points)
Below Satisfactor D

Transactions appear incomplete due to little understaning
(1 points)
Identify accounting concepts and
10 pts

10 points
Advanced A+/A

Shows a well developed understanding of the material.
(10 points)
Proficient B+

Shows a good understanding fo the material.
(8.5 points)
Partially Proficient B

Shows a basic understanding of the material.
(7.5 points)
Novice C/C+

Shows little or no understanding of the material.
(6.5 points)
Below Satisfactor D

Shows little or no understanding of the material; does not ask for clarity; does not part-take in discussion questions.
(5.5 points)
Record transactions to set up a
10 pts

Advanced A+/A

Shows a well developed understanding of the principles recording transactions account and its relation to a given activity.
(10 points)
Proficient B+

Shows a good understanding of the principles of recording transactions and its relation to a given activity.
(8.5 points)
Partially Proficient B

Shows a basic understanding of the principles of recording transactions account and its relation to a given transaction.
(7.5 points)
Novice C/C+

Shows little to no understanding of the principles of recording transactions account and its relation to a given transaction.
(6.5 points)
Below Satisfactor D

Shows little or no understanding of the principles of recording transactions account and its relation to a given transaction; does not ask for clarity; little attempt to gain improvement with material.
(5.5 points)
Record transactions to buy insur
10 pts

10 points
Advanced A+/A

Shows a well developed understanding of the principles of journalizing accurately in the appropriate journal.
(10 points)
Proficient B+

Shows a good understanding of the principles of journalizing accurately in the appropriate journal.
(8.5 points)
Partially Proficient B

Shows a basic understanding of the principles of journalizing accurately in the appropriate journal.
(7.5 points)
Novice C/C+

Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(6.5 points)
Below Satisfactor D

Transactions appear incomplete. Shows little to no understanding of the principles of journalizing accurately in the appropriate journal.
(5.5 points)
Record transactions that affect
10 pts

10 points
Advanced A+/A

Shows a well developed understanding of the principles of posting.
(10 points)
Proficient B+

Shows a good understanding of the principles of posting.
(8.5 points)
Partially Proficient B

Shows a basic understanding of the principles of posting.
(7.5 points)
Novice C/C+

Shows little understanding of the principles of posting.
(6.5 points)
Below Satisfactor D

Shows very little understanding of the principles of posting.
(5.5 points)
Prove and rule a five-column jou
5 pts

5 points
Advanced A+/A

Adjusting entries are completed with no errors.
(5 points))
Proficient B+

Adjusting entries are completed with no more than one errors.
(4.25 points)
Partially Proficient B

adjusting entries are included and have one error
(3.75 points)
Novice C/C+

Adjusting entries were attempted, but have several errors.
(3.25 points)
Below Satisfactor D

Adjusting entries were attempted, but not completed and with several errors.
(2.75 points)




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