Read Collier Chapters 1, 2 and 3. After you have read the assigned chapters complete the assignment for this week: Accounting for Transactions and Analysis of Shareholders. Download the spreadsheet entitled "AC6000 Week 1 Transaction Analysis Assignment" and complete the following two requirements: 1) Transaction Analysis and 2) Discussion questions. Upload your completed Assignment to the Week 1 Assignment dropbox following your facilitator's instructions.

Rubric — Transaction Analysis Week One Assignment

A- to A 90 – 100% • All transactions correctly recorded in the accounting equation • Account balances calculated after each transaction • Assets, Liability and Owner’s Equity correctly totaled after all transactions are recorded • All transactions correctly recorded • Each account correctly balanced after transaction 10

B- to B 80 – 89% • Most transactions correctly recorded in the accounting equation • Most account balances calculated after each transaction • Two of the three categories (Assets, Liability and Equity) correctly totaled after all transactions are recorded • 7 or more transactions are correctly recorded • 7 or more accounts correctly balanced after transaction 10

C- to C 70 – 79% • Limited transactions correctly recorded in the accounting equation • Limited account balances calculated after each transaction • One or more of the tree categories (Assets, Liability and Equity) correctly totaled after transactions are recorded • 4 or more transactions are correctly recorded • 4 or more accounts correctly balanced after transaction 10

D or F 0 – 69% • Assignment fails to address the requirements, is inadequate, is not acceptable as college-level work, or was not submitted