Assignment Instructions/ Description
AC2760Topic 02 Assignment: Basic Accounting ConceptsComplete the following exercises and problems in your textbook:
E2-17. You may use the E2-17 worksheet to assist you in completing this exercise.E2-18. You may use the E2-18 worksheet to assist you in completing this exercise.E2-19. You may use the E2-19 worksheet to assist you in completing this exercise.P2-3. You may use the P2-3 worksheet to assist you in completing this exercise.If you choose to use a blank Microsoft Excel document to complete the exercises, neatly organize your data and use any necessary functions or formulas for calculations. If you choose to use a blank Microsoft Word document, insert a table to neatly organize your data and show your calculations accordingly.
Submit this assignment to the dropbox "Topic 02 Assignment: Basic Accounting Concepts." You can navigate to this dropbox by clicking the “next” arrow at the top right of your screen. This assignment is worth 35 points and will be graded according to the scoring guide below.
ConnectSCORING GUIDE ( 35 POINTS )Rating Scale5 Work meets or exceeds criterion at a high level of competence.4 Work reflects an understanding of criterion with minor misunderstandings/misconceptions.3 Criterion partially met, but one or more important concepts/skills are missing or flawed.2 Work reflects an attempt to meet criterion, but significant misunderstandings/misconceptions are apparent.1-0 Criterion not met or work is absent.Criteria1. The income statement was properly prepared for E2-17.2. The retained earnings statement was properly prepared for E2-18.3. The balance sheet was properly prepared for E2-19.4. The income statement was properly prepared for E2-3.5. The retained earnings statement was properly prepared for P2-3. 6. The balance sheet was properly prepared for P2-3. 7. The statement of cash flows was properly prepared for P2-3.
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