Stanford University Complete the Management Tools Application Exam Practice

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Funjarre

Business Finance

Stanford University

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Complete the Management Tools Application Unit 3 Assignment. Review the Unit 3 Assignment Data and continue using the Excel Template (you downloaded in Unit 2) called “Unit 2 and 3 Management Tools Assignment.” Be sure to review the tab in the template titled “Instructions.”

Very Important Note: You will be required to make all corrections to the Excel Workbook as noted in the Unit 2 assignment feedback. Any errors from Unit 2 that are not corrected will result in additional deductions in Unit 3.

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Management Tools Assignment # 1 and #2 Additional Notes: Use this Excel Workbook for Units 02 & 03 Assignments 1) All Journal Entries MU 2) All Debit account entr 3) All Credit account ent 4) You will be required to You may create one "M otherwise unspecified 4) Be sure that you use p all underlining and "$" 5) These templates are N Due Dates: Assignment #1-Due Unit 2 Assignment #2-Due Unit 3 The Unit 2 Assignment is worth 40 points The Unit 3 Assignment is worth 40 points BE SURE TO COMPLETE ALL REQUIREMENTS LISTED BELOW. There are 11 Sheets in the Workbook including this one. The Final 2 sheets are the Unit 2 and Unit 3 rubrics. They will help you understand the assessment values. All of the Information you need for successful completion the Project is located in the Unit readings, Assignment Instru Requirements Assignment #1 Due in Unit 02 Requirement 1 - Prepare the Journal Entries in the General Journal Requirement 2 - Post Journal Entries to the General Ledger Requirement 3 - Prepare an Unadjusted Trial Balance Sheet in Workbook Journal Entries General Ledger Unadjusted TB Assignment #2 - Due in Unit 03 Requirement 4 - Prepare the Adjusting Entries Requirement 5 - Post Adjusting Entries to the General Ledger Requirement 6 - Prepare an Adjusted Trial Balance Requirement 7 - Prepare the Financial Statements Requirement 8 - Prepare the Closing Entries Requirement 9 - Post Closing Entries to the General Ledger Requirement 10 - Prepare the Post Closing Trial Balance Adjusting Entries General Ledger Adjusted TB Financial Statements Closing Entries General Ledger Post Closing TB ) Late Penalty (If applicable) (Enter as a negative amount -->) Final Total Instructor Comments AC 499 Unit 3 Rubric: Your score Possible Points 1-Prepare the Adjusting entries A-F. 0 5 2-Journalize and Post the adjusting entries. 0 5 0 5 b. a statement of owner's equity, 0 5 c. 0 10 4-Journalize and post the closing entries. 0 5 5-Prepare a post-closing trial balance. 0 5 0 40 0 40 Category 3-Prepare: a. an income statement, a balance sheet. Preliminary Totals Additional Items: Deductions for uncorrected errors from Unit 2 (Enter a negative amount -->) Late Penalty (If applicable) (Enter as a negative amount -->) Final Total Instructor Comments AC499: Bachelors Capstone in Accounting | Unit 3 Unit 3 Assignment: Management Tools Application Continue with the assignment from Unit 2, using the same Excel Template and complete the following steps: 1. Prepare/Journalize the Adjusting entries A–F. a. Insurance expired during June is $150. b. Supplies on hand on June 30 are $1,020. c. Depreciation of office equipment for June is $500. d. Accrued receptionist salary on June 30 is $120. e. Rent expired during June is $1,500. f. Unearned fees on June 30 are $2,000. 1. Post the adjusting entries to the General Ledger. 1. Prepare an income statement, a statement of owner's equity, and a balance sheet. 1. Journalize and post the closing entries. (Income Summary is account #33 in the chart of accounts.) 1. Prepare a post-closing trial balance. Notes: 1. You will be required to make all corrections to the Excel Workbook as noted in the Unit 2 assignment feedback. Any errors from Unit 2 that are not corrected will result in additional deductions in Unit 3. 2. Review the transaction descriptions very carefully. The adjustment required depends on the wording of the transaction description. That is, does the transaction give provide the amount of the adjustment, or does the description give the amount of the ending balance required after the adjustment? Once completed, submit your assignment to the Unit 3 assignment Dropbox. The assignment is due Tuesday 11:59 p.m. ET of their assigned unit. AC499 Unit 3 Assignment: Management Tools Application Item criteria: Points Possible 1. Prepare the Adjusting entries A–F. 5 2. Journalize and Post the adjusting entries. 5 3. Prepare: a. an income statement b. a statement of owner's equity c. a balance sheet 5 5 10 4. Journalize and post the closing entries. 5 Points Earned AC499: Bachelors Capstone in Accounting | Unit 3 5. Prepare a post-closing trial balance. 5 Preliminary Totals 40 Additional Items: Deductions for uncorrected errors from Unit 2 (Enter negative amount -->) Late Penalty (If applicable) (Enter as a negative amount -->) Total Points 40
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Management Tools Assignment # 1 and #2

Additional Notes:

Use this Excel Workbook for Units 02 & 03 Assignments

1) All Journal Entries MU

2) All Debit account entr
3) All Credit account ent
4) You will be required to
You may create one "M
otherwise unspecified
4) Be sure that you use p
all underlining and "$"
5) These templates ...


Anonymous
I was having a hard time with this subject, and this was a great help.

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