Balance Sheet Journal Case Study Essay
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Balance Sheet Journal Case Study Essay
The balance sheet is a financial snap shot of a company at a particular point in time. The balance sheet lists the assets, liabilities, and equity of the company. Reflect on your personal financial situation, can you apply the concepts of the balance sheet? What did you learn from this reflection?
[Company Name] Balance Sheet
Date:
Assets 2012 2011 [42]
Current Assets
Cash 12,500
Accounts receivable
Inventory
Prepaid expenses
Short-term investments
Total current assets 12,500 –
Fixed (Long-Term) Assets
Long-term investments 14,000
Property, plant, and equipment 25,000
(Less accumulated depreciation) (4,500)
Intangible assets
Total fixed assets 34,500 –
Other Assets
Deferred income tax
Other
Total Other Assets – –
Total Assets 47,000 –
[42] Liabilities and Owner’s Equity
Current Liabilities
Accounts payable 17,000
Short-term loans 4,000
Income taxes payable 6,000
Accrued salaries and wages 2,500
Unearned revenue 5,000
Current portion of long-term debt 1,000
Total current liabilities 35,500 –
Long-Term Liabilities
Long-term debt 6,000
Deferred income tax 1,000
Other
Total long-term liabilities 7,000 –
Owner’s Equity
Owner’s investment 1,000
Retained earnings 3,500
Other
Total owner’s equity 4,500 –
Total Liabilities and Owner’s Equity 47,000 –
{42}
Accounting EquationAccounting Equation is Assets = Liabilities + Owner’s Equity
Assets Liabilities Owner’s Equity
Assets Current + Long-Term Liabilities Owner’s Equity
47,000 42,500 4,500
47,000 47,000Balance Sheet Journal Case Study Essay
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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