1. Project 1

1.14. Page 4

Project 1: The Worksheet

Project 1: The Worksheet

 

Time to Work

 

Continue on to Assignment 1, which must be submitted to your teacher for assessment. There are two optional assignments for this training room. Check with your teacher to see if it is necessary for you to complete them.

 

Create a new folder in your FIN1030 Course Folder called “Project 1: Training Room 3.” All of the answers to the following questions must be saved in this folder for your teacher to mark.

 

Remember, rubrics and exemplars are available in the Toolkit for your reference.


You can also review the videos “Calculating Net Income or Net Loss” and “Calculating Totals and Ruling the Worksheet” in the Toolkit.

 

Assignment 1

 

 

Open Worksheet Template, and save it as “Project 1 Training Room 3 Assignment 1.”

 

 

Using the following final balances for Sabrina’s Hairdressing Services for month ended March 31 of the current year, complete a worksheet. Give each account an appropriate account number and list them in numerical order.

 

Cash:
Bank Loan:
Accounts Receivable:
Sabrina Lee, Capital:
Equipment:
Advertising Expense:
Supplies:
Accounts Payable:
Sales:
Sabrina Lee, Drawing:
Miscellaneous Expense:
Income Summary:

9500.00
1500.00
775.00
12 700.00
6200.00
825.00
1000.00
2200.00
2500.00
450.00
150.00
0.00
 

 

Don’t forget to save the completed worksheet and submit it to your teacher for assessment.

 

Check with your teacher before completing the following optional assignments.

 

Assignment 2 (optional)

 

 

Open Assignment 2: Jon Cheng: Barrister and Solicitor, and save it in your folder as “Project 1: Training Room 3: Assignment 2.” Complete the worksheet.

 

 

 
Assignment 3 (optional)

 

 

Open Assignment 3: Moe’s Movie Deliveries, and save it in your folder as “Project 1: Training Room 3: Assignment 3.” Complete the worksheet.