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this assignment, you are required to answer questions on the accounting cycle an
this assignment, you are required to answer questions on the accounting cycle and prepare general journal entries. Preparation Complete the following: Download the Week 2 Assignment Template [XLSX] Download Week 2 Assignment Template [XLSX] and use it to complete this assignment. Review all assigned readings. Note: Accuracy in accounting is paramount. Take your time and double check your work for errors or omissions. Instructions Part 1: Describe the accounting cycle with specified details. Part 2: Create required journal entries. Complete both parts using the Week 2 Assignment Template [XLSX] Download Week 2 Assignment Template [XLSX]. Part 1: Accounting Cycle Respond to the short-answer questions found in the template on the Accounting Cycle tab using proper grammar and language. Part 2: Journal Entries Prepare specified journal entries. Submit your completed template to this assignment. Your submission will also be graded on the clarity and quality of your write. So, make sure you are writing in complete and grammatically correct sentences. Competencies Measured By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria: Competency 1: Define accounting terminology and its application to accounting principles. Describes the accounting cycle with specified details. Competency 3: Prepare financial statements from accounting system data. Create required journal entries with one error. Competency 4: Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards. Convey clear meaning through appropriate word choice and usage. Write in the third person, adhering to conventions of academic tone.
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