InstructionsACTG 381Pre-requisite Knowledge AssessmentSpring 2020Purpose of the Assessment: This take home assessment has been designed as a review of the pre-requisite accounting knowledge necessary to be successful in ACTG 381. This assessment focuses on recording basic accounting transactions/journal entries, understanding T accounts, and creating a set of financial statements. It is also intended as an opportunity to practice using basic Excel functions. The accounting issues included in this assessment are assumed to have been covered in your prerequisite financial accounting course. If you need a reference, you could refer to the textbook from your pre-requisite accounting course, WileyPlus Chapter 0 Reading Assignment and Problems, or Chapter 3 in the textbook for this class. Students who are unable to successfully complete this assessment should consider taking ACTG 281 prior to ACTG 381.Possible Points: 25 points; 20 for accounting accuracy and 5 for appropriate Excel technique (i.e., internal referencing among spreadsheets, auto-sum, dr/cr control total, formatting).Due Date: Your Excel file should be turned in to the D2L Assignments by 10pm on Friday April 3rd. Late assignments will receive a score of zero as the solution will be posted on D2L the next day. If you are unfamiliar with D2L, please refer to http://www.pdx.edu/oit/d2lBackground: Green Thumb Corporation was founded in 2014 by Erica Green. The company provides plant maintenance services to businesses such as medical offices, professional services firms and corporations. In the last couple of years the business has really taken off as decor trends shifted to real rather than artificial plants, and individuals wanted the health benefits of plants in enclosed buildings. Green Thumb has part time employees, mostly college students, who go into the buildings to water, fertilize and replace plants as necessary. To date Erica has been doing all the accounting for the company, but since she really prefers working with plants to computers, she hired you as an accounting intern in December 2019 to assist with the month's accounting, close the books and produce the year-end accrual basis financial statements that conform to GAAP.Required: Erica has just provided you with the trial balance at 11/30/19. Assume this trial balance has been correctly prepared. Use the balances in the 11/30/19 Trial Balance tab as your beginning balances for all T-Accounts. Green Thumb's year end is December 31st.(A) Using the Excel General Journal spreadsheet in this file, record the December transactions listed below AND the necessary year end adjusting journal entries. Label the transactions in numeric sequence corresponding to the numbers below. Each of the transactions below requires a journal entry. Note that there is a debit and credit control total at the top of the general journal so that you can check after each entry to see if you are in balance.1. Issued an additional 50,000 ...

1. InstructionsACTG 381Pre-requisite Knowledge
AssessmentSpring 2020Purpose of the Assessment: This take
home assessment has been designed as a review of the pre-
requisite accounting knowledge necessary to be successful in
ACTG 381. This assessment focuses on recording basic
accounting transactions/journal entries, understanding T
accounts, and creating a set of financial statements. It is also
intended as an opportunity to practice using basic Excel
functions. The accounting issues included in this assessment are
assumed to have been covered in your prerequisite financial
accounting course. If you need a reference, you could refer to
the textbook from your pre-requisite accounting course,
WileyPlus Chapter 0 Reading Assignment and Problems, or
Chapter 3 in the textbook for this class. Students who are
unable to successfully complete this assessment should consider
taking ACTG 281 prior to ACTG 381.Possible Points: 25
points; 20 for accounting accuracy and 5 for appropriate Excel
technique (i.e., internal referencing among spreadsheets, auto-
sum, dr/cr control total, formatting).Due Date: Your Excel file
should be turned in to the D2L Assignments by 10pm on Friday
April 3rd. Late assignments will receive a score of zero as the
solution will be posted on D2L the next day. If you are
unfamiliar with D2L, please refer to
http://www.pdx.edu/oit/d2lBackground: Green Thumb
Corporation was founded in 2014 by Erica Green. The company
provides plant maintenance services to businesses such as
medical offices, professional services firms and corporations.
In the last couple of years the business has really taken off as
decor trends shifted to real rather than artificial plants, and
individuals wanted the health benefits of plants in enclosed
buildings. Green Thumb has part time employees, mostly
college students, who go into the buildings to water, fertilize
and replace plants as necessary. To date Erica has been doing
all the accounting for the company, but since she really prefers

2. working with plants to computers, she hired you as an
accounting intern in December 2019 to assist with the month's
accounting, close the books and produce the year-end accrual
basis financial statements that conform to GAAP.Required:
Erica has just provided you with the trial balance at 11/30/19.
Assume this trial balance has been correctly prepared. Use the
balances in the 11/30/19 Trial Balance tab as your beginning
balances for all T-Accounts. Green Thumb's year end is
December 31st.(A) Using the Excel General Journal spreadsheet
in this file, record the December transactions listed below AND
the necessary year end adjusting journal entries. Label the
transactions in numeric sequence corresponding to the numbers
below. Each of the transactions below requires a journal entry.
Note that there is a debit and credit control total at the top of
the general journal so that you can check after each entry to see
if you are in balance.1. Issued an additional 50,000 shares of
common stock on December 2. The stock was sold to Erica's
parents for $100,000, which equals the par value of the stock.2.
Received cash payment of $14,000 for outstanding accounts
receivable on December 3.3. Purchased a new truck for $26,000
cash on December 3.4. Provided services for cash of $12,000 on
December 3. 5. Provided services on credit for $16,000 on
December 10. 6. Received bill and paid utilities of $900 on
December 11. 7. Paid employee salaries of $8,700 on
December 11.8. Declared and paid dividends to stockholders of
$500 on December 11. 9. Incurred legal fees of $2,000 on
December 13, but did not pay for these services.10. Collected
$14,000 from customers on December 15.11. Collected $3000
on December 15th for plant maintenance services to be provided
12/15/19 to 1/15/20. 12. Sold land with cost of $100,000 for
$106,000 cash on December 15.13. Paid $18,000 for a three-
year insurance policy on December 15 with coverage beginning
on 12/15/1914. Paid $1,000 on December 20 related to legal
legal fees incurred on December 13.15. Paid $900 for
miscelaneous supplies on December 20. Supplies are expensed
upon purchase.Erica also provided you the following

3. information that she thought may be helpful in preparing the
year-end financial statements.16. As of December 31, Green
Thumb has not recorded any insurance expense for the new
policy purchased in #13 above.17. Green Thumb depreciates its
equipment at a rate of $7,000 per year. No depreciation expense
has been recorded yet for 2019.18. For the service revenue
collected on December 15th (#11 above), record the appropriate
amount of revenue for 2019.19. Erica let you know that she
provided $2,900 of services to a customer in December that had
not yet been billed. 20. Green Thumb has incurred salaries of
$3,000 at the end of the year. The next payroll date is 1/2/20.
(Ignore payroll taxes and withholdings)Note: Do not prepare the
closing journal entries at this point! Closing journal entries
should be prepared as part of step C below.(B) "Post" journal
entries 1-20 from the General Journal to the Excel spreadsheet
of T-accounts in this file. All necessary T-accounts have been
provided. This should be completed through the use of Excel
formulas rather than retyping the numbers in your T-accounts.
Please also place the number of each transaction next to each
journal entry (see transaction ‘1’ in the Excel T-Account sheet
for an example) and be sure to create formulas so that each T
accounts automatically calculates its ending balance (see the
Cash t-account for an example). TIP: Set up your spreadsheet
to have debit and credit control totals so that you can check
after each entry to see if you are in balance.(C) In Excel,
prepare a balance sheet as of 12/31/19 and a SINGLE-STEP
income statement for the year ended 12/31/19. This should be
completed through the use of Excel referencing formulas rather
than retyping the ending balances from your T-accounts in the
financial statements. (Note that at this point your balance sheet
will be out of balance because Retained Earnings hasn't yet
been updated!) After you have prepared your balance sheet and
income statement, prepare closing entries in the General Journal
but do not post them to the T accounts so that the pre-closing
ending balances continue to flow to the Income Statement using
the Excel referencing formulas. Then the final Net Income

4. amount from your Income Statement should be referenced using
Excel formulas to the Statement of Retained Earnings. Once
reconciled, your ending Retained Earnings balance should be
referenced using Excel formulas back to your 12/31/19 Balance
Sheet. You do NOT need to prepare a Statement of
Shareholders’ Equity or Statement of Cash Flows. Income taxes
should be ignored.
Trial Balance 11-30-19Unadjusted Trial BalanceGeneral Ledger
Account Name11/30/19DebitCreditCash37,000Accounts
Receivable 24,500Prepaid Insurance0Equipment88,000Accum
DepreciationLand100,000Accounts Payable 4,500Unearned
Service Revenue0Salaries Payable0Long Term Notes Payable
16,000Common Stock60,000Retained
Earnings97,200DividendsService Revenue165,000Gain on Sale
of LandDepreciation ExpenseInsurance Expense4,500Legal Fees
ExpenseSupplies Expense1,400Salaries Expense82,000Utilities
Expense5,300Total342,700342,7000.00Control totalsNote: All
the accounts in this trial balancewill be used. No additional
accounts are needed.
GeneralJournalGreen Thumb CorporationGeneral
Journal100,000100,000(Control totals)#DateTransaction
DebitCredit112/2/19Cash100,000Common Stock100,000To
record issuance of common stock.
T-AccountsGreen Thumb CorporationNAME:
CashAccounts ReceivablePrepaid
Insurancebeg37,0001100,000end137,000EquipmentAccum
DepreciationLandAccounts PayableUnearned Services
RevSalaries PayableLong Term Notes PayableCommon
StockRetained
Earnings60,000beg100,0001160,000endDividendsService
RevenueGain on Sale of LandSalaries ExpenseLegal Fees
ExpenseRental ExpenseInsurance ExpenseDepreciation
ExpenseUtilities Expense
Income StmtStudent Name:Section:RevenuesService
Revenue0.00 Total Revenues0.00ExpensesTotal
Expenses0.00Check FigureNet Income$ 87,450

5. Balance SheetStudent Name:Section:AssetsCash137,000.00
Total Current AssetsTotal AssetsLiabilities and Stockholders'
EquityLiabilities Total Current LiabilitiesTotal
LiabilitiesStockholders' EquityCommon StockRetained
Earnings0.00Total Stockholders' EquityTotal Liabilities and
Stockholders' EquityCheck FigureTotal Assets $ 370,150
Stmt Retained EarningsStudent Name:Section:Green Thumb
CorporationStatement of Retained Earnings For the year
ended 12/31/19Beginning Retained Earnings$ - 0Net Income-
0Less: Dividends- 0Ending Retained Earnings$ - 0Note: Per
instruction C, to calculate Ending Retained Earnings you should
use Excel formulas to pull values in from the appropriate T
accounts.Ending Retained Earnings calculated here should flow
into the 12/31 Balance Sheet.
Week 13 is usually reserved for summarizing the term and
wrapping things up.
There’s usually a section in the lecture to talk about storytelling
and a consideration of the
importance of visual culture. The tutorial usually deals with
controversial arts and why that
matters. Some of the key case-studies from those classes were
already rolled into the discussion
for Week 11 – to develop the importance of reading what is
visually put in front of you. This
was to provide a broader base for Assignment 8 (which is based
on material usually covered in
the final class).

6. And since none of the leftover material is directly related to this
week’s assignment (in the way
the last couple of weeks have been designed), I decided there’s
no point in providing you with
“more” just for the sake of it.
So all I have to say here is thank you for taking the course; I
hope you will find it useful in your
experience of the visual world. Thank you for your patience and
cooperation through these
final, stressful weeks. I hope you all continue safe and well, and
can enjoy the best of what the
world has to offer.
NOTE: In case you haven’t seen/looked at the latest update on
the university website, the
university is offering grading options to you this term. I’ve cut
and paste some of that
information here, but please see the update under the bright
green COVID-19 button on uvic.ca
webpages for the full details.
**
Grading options for students this term

7. March 27, 2020 - University of Victoria
To help ensure academic quality and support our students’
success, as well as to alleviate stress
during these unprecedented and challenging times, the
university is offering grading options for
students this term. Upon receipt and review of their final
grades, a student may:
1. Keep the course grade as assigned by the instructor;
2. Keep the course but select a Pass/Fail option that would
appear on their transcript (not counted
toward GPA calculations); or
3. Drop the course without academic penalty.
Advising resources are being developed to help students make
informed choices about their grades.
Information will be shared once it is available and students will
be encouraged to access their
faculty’s advising resources or the advising centre for guidance
on what option is best for their
academic goals.
**
As per my comments on last week’s assignment, most of you are
doing absolutely fine; and I’ve
already given you some tools for contextualizing marks or
grades within the circumstances.
But I wanted to make sure everyone had seen this official
proclamation from the university,
because I’m sure some of you are still struggling in ways that I
am not seeing unless you are
contacting me or handing assignments in.
Please follow the links above for program advice, as I do not
know what your specific

8. circumstances are. But in case you want a broad outline for why
you’d want them:
Option 1: if you’re happy with your grade or need the GPA
calculations. You can contextualize
the mark within the guidelines I gave last week if necessary on
an application.
Option 2: if your mark is at the low end of the grading system
and that would negatively affect
your GPA (perhaps in cases of probation or other registration
concerns)
Option 3: could essentially be used by anyone who isn’t happy
with their grade; although if the
course is a requirement you will have to take it over again. But
if you’re struggling with getting
many assignments in, sometimes cutting your losses and moving
forward is your best path.
If you want to consult with me about these options, please drop
me an email.
AHVS 121 Winter 2020
Assignment 10
As per the course outline, this assignment is required for all
students
(i.e. it must count as one of your 8 total)
Read back over the course learning outcomes; consider your
progress against those measures.
Think back over the course (consult your lecture and tutorial
notes, etc. as necessary) and

9. consider some of the larger course issues concerning ways of
seeing in relation to your
expectations for, and experiences of, your visual world. As
always be analytical about your
choices and develop the implications of your statements:
-What work of art/visual culture (architecture, painting, multi-
media piece, sculpture, etc.) stands out in your
mind as the one you feel you’ve learned the most about, or now
have a greater appreciation for? What is it that
caught your attention? Why?
-What is your favourite work from among those we’ve covered
in the class? Why?
-Thinking back on the semester, is there any art
period/culture/style/object that you feel you can approach
differently now, based on what you’ve learned in the last three
months? Why?
- Are you more confident in your ability to apply visual analysis
to the images you encounter? Why or why not?
- What about your ability to see meaning in the subtext of visual
imagery? Consider the issues about art, power
and society that we have encountered over the last weeks of the
course.
Is there anything that has enriched your approach to your visual
world? Discuss.
- Do you feel more comfortable talking about visual culture?
Why or why not?
- What about your writing? Have there been any benefits to this
training? In particular, has your writing practice
informed your visual approach? Why or why not?

10. Taking those questions into account, provide a short, self-
reflective analysis of what you have
gained from your studies. Be positive. This course is a lot of
work and you have encountered a
great deal of material - here’s a place to give yourself a pat on
the back for it. Note: we’re not
looking for praise or criticism of the course – this is for you to
consider your own development
in knowledge and/or skill. You are learning how to take
advantage of your own learning
opportunities. What are you taking away with you?
Write a brief analysis, minimum 750 words, due to me by email
[email protected]
Before Wednesday, April 8, 2020 at 3:30PM.
Please see course outline for important details on how to format
& submit assignments.
If you have earlier papers still outstanding, send them in. If you
aren’t sure how many you’ve
done, check your sent email. I will not count up individual
submissions for you.
NO COURSE WORK WILL BE ACCEPTED AFTER APRIL 8,
2020 at 3:30PM
unless requested and/or endorsed by the instructor.