Distinguished - Correctly calculates total assets, liabilities, and net income.

Proficient - Calculates total assets, liabilities and net income, but contained minor errors.

Basic - Calculates total assets, liabilities and net income, but calculations contained several errors.

Below Expectations -  Calculates total assets, liabilities and net income, but calculations contained several errors.

Non-Performance - No attempt to calculate total assets, liabilities and net income.

Distinguished - Correctly calculates owners’ equity and net income.

Proficient - Calculates owners’ equity and net income, but calculations contain minor errors.

Basic - Calculates owners’ equity and net income, but calculation contain several errors.

Below Expectations - Attempts to calculate owners’ equity and net income, but calculation contain significant errors.

Non-Performance - No attempt to calculate owners’ equity and net income.

Distinguished - Correctly calculates revenue, investments, and total assets.

Proficient - Calculates revenue, investments and total assets, but calculations contain minor errors.

Basic - Calculates revenue, investments and total assets, but calculations contained several errors.

Below Expectations - Attempted to calculate revenue, investments and total assets, but calculations contain significant errors.

Non-Performance - No attempt to calculate revenue, investments, and total assets.

Distinguished - Correctly prepares the income statement, statement of owners’ equity. and the balance sheet.

Proficient - Prepares the income statement, statement of owners’ equity, and the balance sheet, but submission contains minor errors.

Basic - Prepares the income statement, statement of owners’ equity and the balance sheet, but submission contains several errors.

Below Expectations - Attempts to prepare the income statement, statement of owners’ equity, and the balance sheet, but submission contains significant errors.

Non-Performance - No attempt to prepare the income statement, statement of owners’ equity, and the balance sheet.

Distinguished - Correctly prepared the income statement, statement of owners’ equity and the balance sheet.

Proficient - Correctly prepared the income statement, statement of owners’ equity and the balance sheet, but contained minor errors.

Basic - Prepared the income statement, statement of owners’ equity and the balance sheet, but contained many errors.

Below Expectations - Attempted to prepare the income statement, statement of owners’ equity and the balance sheet, but were incorrect.

Non-Performance - No attempt to calculate total assets, liabilities, and net income.

Distinguished - Correctly prepares journal entries relating to investments, revenue, expenses, and liabilities.

Proficient - Prepares journal entries relating to investments, revenue, expenses and liabilities, but submission contains minor errors.

Basic - Prepares journal entries relating to investments, revenue, expenses and liabilities, but submission contains several errors.

Below Expectations - Attempts to prepare journal entries relating to investments, revenue, expenses and liabilities, but submission contains significant errors.

Non-Performance - No attempt to prepare journal entries relating to investments, revenue, expenses, and liabilities.

Distinguished - Correctly calculates the cost of the company's land by preparing a trial balance.

Proficient - Calculates the cost of the company's land by preparing a trial balance, but calculations contain minor errors.

Basic - Calculates the cost of the company's land by preparing a trial balance, but calculations contained several errors.

Below Expectations - Attempts to calculate the cost of the company's land by preparing a trial balance, but calculations contain significant errors.

Non-Performance - No attempt to calculate the cost of the company's land by preparing a trial balance.

Distinguished - All calculations are correct and adequately all inclusive. Calculations are presented clearly and succinctly.

Proficient - Calculations are mostly accurate and adequately comprehensive to solve the problem.

Basic - Calculations are somewhat accurate and/or represent only a limited number of the calculations required to solve the problem.

Below Expectations - Calculations were attempted but are incorrect and are not comprehensive.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand.

Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand.

Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader.

Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.