ACCOUNTING I
UNIT A 2.00 APPLY ACCOUNTING PROCEDURES FOR A SOLE PROPRIETORSHIP
2.02 APPLY PROCEDURES TO PREPARE FINANCIAL STATEMENTS FOR A SOLE
PROPRIETORSHIP
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What are the procedures to prepare a worksheet?
What are the procedures to prepare an income statement?
What are the procedures to prepare a balance sheet?
Assignments
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
2.02 Trial Balance Notes
2.02 The Worksheet Notes
2.02 Adjustments Notes
6-1 WT
6-2 WT
6-1 OYO
6-2 OYO
6-3 Application
Chapter 6 Study Guide
2.02 Quiz A
Chapter 6 Test
2.02 Income Statement Notes
2.02 Balance Sheet Notes
7-1 WT
7-2 WT
7-1 OYO
7-2 OYO
7-3 Mastery Problem
2.02 Key Terms
Chapter 7 Study Guide
Due Dates
Grades
Notes
6-3 WT
6-3 OYO
2.01 Quiz B
Automated Accounting Ch. 6 p. 177
Automated Accounting Ch. 7 p. 199
Recycling Problem 6-1 Appendix E-5
Recycling Problem 7-1 E-6
Chapter 7 Test
Objective 2.02 Assessment in Elements
Project
WT – Work Together OYO – On Your Own
Some assignments will be completed electronically using Aplia.
2.02 Vocabulary
Fiscal period
Worksheet
Trial balance
Adjustments
Balance sheet
Income statement
Net income
Net loss
Matching Principle
Ruling
Page 1 of 7
2.02 Trial Balance Notes
Page 2 of 7
2.02 The Worksheet Notes
Extend Balance Sheet Account Balances on a Worksheet
1. Extend the Debit balances without adjustments to the Balance Sheet column.
2. Extend the Debit balances with adjustments to the Balance Sheet column.
3. Extend the Credit balances without adjustments to the Balance Sheet column.
Extend Income Statement Account Balances on a Worksheet
1. Extend the Sales balance to the Income Statement column.
2. Extend the Expense balances without adjustments to the Income Statement column.
3. Extend the Expense balances with adjustments to the Income Statement column.
Page 3 of 7
2.02 Adjustments Notes
Adjustments:
Supplies Account Balance
-
Supplies on Hand
=
Supplies Used during the Month
__________________
__________________
Prepaid Insurance Account Balance __________________
-
Prepaid Insurance on Hand
__________________
=
Prepaid Insurance Used during the Month _____________
1. Write the debit amount in the Adjustments Debit column.
2. Write the credit amount in the Adjustments Credit column.
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2.02 Income Statement Notes
Page 5 of 7
2.02 Balance Sheet Notes
Page 6 of 7
2.02 Key Terms
Term
Definition
Fiscal period
Worksheet
Trial balance
Adjustments
Balance sheet
Income statement
Net income
Net loss
Matching Principle
Ruling
Page 7 of 7