SUA 8th Fall 2015 Grading Rubric Student Answer Form
SUA 8th Fall 2015 Grading Rubric Student Answer Form
SUA 8th Fall 2015 Grading Rubric Student Answer Form
Grading Rubric
Systems Understanding Aid Project
200 Points
Points Earned
Balance Sheet
Income Statement
Statement of Cash Flows
Bank Reconciliation
Trial Balances
YE Worksheet
General Ledger
Subsidiary Ledger
General Journal
Special Journals
Total Points
Instructions:
Type your name over the text above!
Enter answers on appropriate tabsyou will only enter #s in gray cells.
When finished, select print and print "entire workbook"
ct
Points Possible
20
20
24
10
32
18
14
26
14
22
200
for
for
for
for
for
Office Furniture?
Delivery Trucks?
Invetnory handling system?
High-speed copier?
computers?
Pts Earned
Pts Possible
2
2
2
2
3
3
2
2
2
2
2
2
2
2
2
Solution
YE Worksheet:
What is the adjusted balance in fixed assets?
In the adjustments column, what amount is debited to purchase returns & allowances?
In the adjustments column, what is the amount debited to federal inc tax exp?
What is the sales balance in the income statement column?
What is the net income per the worksheet?
What is the balance of retained earnings in the balance sheet column?
Pts Earned
Pts Possible
Solution
3
332,590.00
3
19,445.00
3
52,184.99
3 $1,588,571.00
3
129,578.86
3
219,843.85
General Ledger:
Acc #
Question:
10100 What is the
10300 What is the
20500 What is the
20600 What is the
30200 What is the
30400 What is the
41000 What is the
Pts Earned
debit to cash from the cash receipts journal?
amount of the credit entry on 12/31?
balance in this account?
balance in this account?
balance in this account?
balance in this account?
amount of the 2nd to last entry (from the General Journal)?
Pts Possible
2
2
2
2
2
2
2
Solution
108,942.49
26.05
2,236.66
61,111.00
27.50
Pts Earned
Pts Earned
Pts Earned
Pts Earned
Pts Possible
Solution
2
2 Vendor Invoice # 2378
Pts Possible
2
2
2
Solution
22-Dec
#VALUE!
2,900.00
2
2
2
2
2
Solution
10,626.04
3,600.00
1,851.42
142.71
5.09
Pts Possible
Pts Possible
Solution
2 34,627.50
2
4,558.00
2
455.80
General Journal:
Entry #: Question:
3 How much was payroll tax expense?
4 What was the credit to accumulated depreciation?
5 How much was the interest payable on the loan?
7 Show me your journal entry for inventory:
Cost of goods sold
Purchases returns and allowances
Purchases discounts taken
Inventory
Purchases
Freight-in
To adjust inventory (to reflect results of
12-31-13 physical inventory) and record cost
of goods sold
Pts Earned
Pts Possible
2
2
2
8
P
P
P
P
P
P
1,024,887.29
19,445.00
16,650.40
96,615.00
Solution
11,528.80
35,109.50
197.26
0.00
1,132,955.00
24,642.69
Sales Journal:
Question:
What was the credit memo # used for E. Wisconsin University?
What is the total of the Sales Returns column?
Cash Reciepts Journal:
Question:
Who initialed the total on the cash column?
What is the total for the Cash column?
What account # did you credit for the $80,000 transaction?
Purchases Journal:
Question:
What account # did you debit for the Dec 31 transaction?
What is the vendor invoice # used for Velocity Sporting Goods?
What is the total credited to Accounts Payable (20100)?
Cash Disbursements Journal:
Question:
What is the amount of the purchase discount for the 12/30 transaction?
On 12/31, we paid for something other than payrollwho did we pay?
On 12/31, we paid for something other than payrollwhat account did you debit?
Pts Earned
Pts Earned
Pts Earned
Pts Earned
Pts Possible
Solution
2 CM 42
2
3,480.00
Pts Possible
Solution
2 Gates University
2
123,007.36
2 First Amer. Bank
Pts Possible
2
2
2
Solution
10800
33965
66,939.15
Pts Possible
Solution
2
366.80
2 University Athletic News
2
40200