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Journalizing Transactions
Journalizing Transactions
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:
V7X433
By
northfac2
Ready to use
Public Rubric
Subject:
Accounting
Type:
Assessment
Grade Levels:
Undergraduate
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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)
Subjects:
Accounting
Types:
Project
Assessment
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