Cookie Creations

BOOK TITLE: Principles of Accounting 13th Edition Unit IV Case Study Weight: 8% of course grade Grading Rubric Due: Tuesday, 01/12/2021 11:59 PM (CST) Instructions Cookie Creations (Chapter 4) This assignment is a continuation of the Cookie Creations case study from Chapters 1–3. You will use the information from the previous chapters and from this chapter to complete the actions for the case study and to apply what you have learned to this point. The Cookie Creations case study for Chapter 4 can be found below and also on pp. 4-51 to 4-52 in the textbook. The textbook provides you with the adjusted trial balance, and it is also located below for quick reference. Read the case information, and complete the actions listed below. Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance.   Using the information from the adjusted trial balance, complete the tasks below. Prepare an income statement and an owner’s equity statement for the 2 months ended December 31, 2019, and a classified balance sheet as of December 31, 2019. The note payable has a stated interest rate of 6%, and Unit IV Case Study Weight: 8% of course grade Grading Rubric Due: Tuesday, 01/12/2021 11:59 PM (CST) Instructions Cookie Creations (Chapter 4) This assignment is a continuation of the Cookie Creations case study from Chapters 1–3. You will use the information from the previous chapters and from this chapter to complete the actions for the case study and to apply what you have learned to this point. The Cookie Creations case study for Chapter 4 can be found below and also on pp. 4-51 to 4-52 in the textbook. The textbook provides you with the adjusted trial balance, and it is also located below for quick reference. Read the case information, and complete the actions listed below. Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance. Using the information from the adjusted trial balance, complete the tasks below. Prepare an income statement and an owner’s equity statement for the 2 months ended December 31, 2019, and a classified balance sheet as of December 31, 2019. The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 2021. Natalie has decided that her year-end will be December 31, 2019. Prepare and post-closing entries as of December 31, 2019. Prepare a post-closing trial balance. Make sure to complete item “a” completely before moving to item “b,” and then move to item “c.” You cannot jump ahead unless you have completed each step sequentially in full. Submit the Excel document in Blackboard upon completion. Resources the principal and interest are due on November 16, 2021. Natalie has decided that her year-end will be December 31, 2019. Prepare and post-closing entries as of December 31, 2019. Prepare a post-closing trial balance. Make sure to complete item “a” completely before moving to item “b,” and then move to item “c.” You cannot jump ahead unless you have completed each step sequentially in full. Submit the Excel document in Blackboard upon completion. Unit IV Case Study Grading Rubric Criteria Achievement Level Level 1 Level 2 Level 3 Level 4 Level 5 Analysis (40 points) 0 – 23 Presents an account containing little analysis or relevant argument; interpretation is not well supported. Course concepts and analytical tools are not applied appropriately. 24 – 27 Presents an account that is descriptive but contains little analysis or relevant arguments; interpretation is not well supported. Course concepts and analytical tools are not applied appropriately. 28 – 31 Presents an analysis containing relevant arguments; interpretation is not thoroughly supported and not compelling. Course concepts and analytical tools are sometimes applied appropriately. 32 – 35 Presents a thorough analysis with effective arguments; interpretation is both reasonable and compelling. Course concepts and analytical tools are often applied appropriately. 36 – 40 Presents an insightful and thorough analysis with strong arguments and evidence; interpretation is both reasonable and compelling. Course concepts and analytical tools are expertly applied. Content (35 points) 0 – 20 Content is often irrelevant; information may be noticeably incorrect and/or off-topic. 21 – 24 Content is somewhat relevant and informative; may stray off topic a few times. 25 – 27 Content is mostly relevant and informative; may stray off topic one or two times. 28 – 31 Content is relevant and informative; may stray slightly off topic one time. 32 – 35 Content is highly relevant and informative; remains on topic. Accuracy (15 points) 0 – 8 Most of the assignment is clearly inaccurate and lacks attention to detail. 9 – 10 Several areas of the assignment may be slightly lacking in accuracy and/or attention to detail. 11 – 11 Most of the assignment is fairly accurate and shows fair attention to detail. 12 – 13 Most of the assignment is accurate and shows good attention to detail. 14 – 15 Accuracy is excellent and close attention to detail is clearly evident in all parts of the assignment. Writing Mechanics (10 points) 0 – 5 Writing lacks clarity and conciseness. Serious problems with sentence structure and grammar. Numerous major and/or minor errors in punctuation and spelling. 6 – 6 Writing lacks clarity and/or conciseness. Contains minor problems with sentence structure and some grammatical errors as well as several minor errors in punctuation and spelling. 7 – 7 Writing is mostly clear and concise. Sentence structure and grammar are strong and mostly correct. There may be 3 or 4 minor errors in punctuation and/or spelling. 8 – 8 Writing is clear and concise. Sentence structure and grammar are strong. There may be 1-2 minor punctuation errors and/or spelling errors. 9 – 10 Writing is clear and concise. Sentence structure and grammar are excellent. Correct use of punctuation. No spelling errors.