Project 1
1. Project 1
1.13. Page 3
Project 1: The Worksheet
Time to Practise
The Worksheet Rubric includes a checklist that you can use to make sure that you haven’t forgotten anything.
The Worksheet Exemplar is available for you to refer to as an example of a completed worksheet. Exemplars are also available in the Toolkit.
The video Calculating Net Income or Net Loss on the Worksheet instructs you on what you need to do to calculate net income and net loss. Also, view Calculating Totals and Ruling the Worksheet for further instruction. These videos are available in the Toolkit whenever you need them.
It is recommended that you complete all three of these practices, as they are all a little different and will prepare you for your assignments.
Practice 1
Open Practice 1: Final Totals, and save it in your course folder. In this practice you will find the final totals from the income statement and balance sheet of five companies. Complete each one just as you would at the bottom of a worksheet. Don’t forget to indicate whether there was a net income or a net loss. The first one has been done for you.
To check your answers, go to Final Totals.
Practice 2
Open Practice 2: Quick Cleaning Company Worksheet, and save it in your course folder. Complete the worksheet.
To check your answers, go to Quick Cleaning Company Worksheet Answer.
Practice 3
Open Worksheet Template, and save it in your course folder.
Using the following final balances for Koch Moving and Storage for year ended December 31 of the current year, complete a worksheet. Give each account an appropriate account number and list them in numerical order.
Cash: |
4546.00 |
To check your answers, go to Koch Moving and Storage Worksheet Answer.
If you need more practice, you may redo these practices or see your teacher for help.