Completes three-line heading properly in detail 3 Legible writing 1 All lines labeled including totals. Indented as needed 2 Numbers written accurately 2 Correct net income or loss 5 Single and double lines used appropriately 2 Statement of Financial Position: 20 POINTS Completes three-line heading properly in detail 3 Legible writing 1 All lines labeled including totals. Indented as needed 2 Numbers written accurately 2 Correct total assets 5 Correct total liabilities and owner’s equity 5 Single and double lines used appropriately 2
Statement of Changes in Owner’s Equity: 10 POINTS
Completes three-line heading properly in detail 2 Includes all lines necessary in demonstrating calculation of ending 5 owner’s equity Writing legible 1 Single and double lines used appropriately 2