Course Assignments & Activities
UNIT 2 The Income Statement Textbook Sub-Units 4-5 |
UNIT/ACTIVITY |
DESCRIPTION |
RESOURCES |
Unit Test |
The Income Statement |
On: Tuesday, October 18th |
Hand In: Test & Review (review = homework check marks) |
Sub-Units 4&5; Topics Include: Debit and Credit Rules for Asset/Liability/Owner's Equity/Revenue/Expense accounts, The Income Statement, The General Ledger, Transaction Analyses, The Report Form Balance Sheet, Revised Owner's Equity section of Report Form Balance Sheet (now includes Net Income/Loss & Drawings) |
Test will be provided in class |
Mini-Assignment |
The Income Statement |
Due: Monday, October 17th |
Hand In: Printed Template |
Exercise 15ab |
Textbook, Page 99 Template from Ms. Hammond or Excel Income Statement Template (you made in class) |
Computer Accounting |
Calculating OE on the Report Form Balance Sheet |
Due: Friday, October 14th |
Hand in PRINTED copies of: loginname_q3a-template loginname_q3a-ex13 |
Question 3ab |
Textbook, Page 104-105 Template from Ms. Hammond or Excel Income Statement Template (you made in class) |
LESSON 6 |
Report Form Balance Sheet & Drawings Account |
Due: Thursday, October 13th |
Textbook Reading |
Pages 90-95 (up to unit's end) |
Textbook |
Homework Check |
Definitions (Report Form Balance Sheet), Check Your Understanding Question 19, Apply Your Knowledge Exercises 13, 14 & 17 |
Qs: Textbook, Page 95 Notebook Es: Textbook, Page 96 Workbook, Page 46 |
LESSON 5 |
Revenue, Expenses & Drawings: Debit & Credit Rules |
Due: Wed, October 12th |
Textbook Reading |
Pages 83-89 (up to "TIme-Period Principle") |
Textbook |
Homework Check |
Definitions (Drawings Account), Check Your Understanding Questions 16 &17, Apply Your Knowledge Exercises 8a-g, 9ab (plus use workbook template from 10b to prepare an income statement from 9ab's Trial Balance. In your workbook, cross out 10b and replace it with 9c), 11a-j, 12a-d |
Qs: Textbook, Page 95 Notebook Es: Textbook, Page 96 Workbook, Page 46 |
LESSON 4 |
5-Account Transaction Analyses |
Due: Fri, October 7th |
Textbook Reading |
Pages 80-83 (up to "Transaction Analysis") |
Textbook |
Homework Check |
Check Your Understanding Questions 14 & 15 |
Textbook, Page 95 Notebook |
Mini-Assignment |
The Income Statement |
Due: Friday, October 7th |
Hand In: Printed Template |
Exercise 7ab |
Textbook, Page 79 Template from Ms. Hammond or Excel Income Statement Template (you made in class) |
Computer Accounting |
Creating an Income Statement Template |
Due: Friday, October 7th |
Hand in PRINTED copies of: loginname_q2a-template loginname_q2b-ex3 |
Question 3ab |
Textbook, Page 104-105 Template from Ms. Hammond or Excel Income Statement Template (you made in class) |
LESSON 3 |
Formatting the Income Statement |
Due: Thurs October 6th |
Textbook Reading |
Pages 75-77 (up to unit's end) |
Textbook |
Homework Check |
Definitions (Time-Period Principle, Matching Principle, Accrual Basis of Accounting, Revenue Recognition Principle, Cash Basis of Accounting), Apply Your Knowledge Exercises 4-6 |
Textbook, Page 79 Workbook, Page 42-45 Notebook |
Case Studies |
Case Studies 1, 2 & 3 |
Textbook, Page 107 |
LESSON 2 |
The Income Statement |
Due: Wed, October 5th |
Textbook Reading |
Pages 73-75 (up to "TIme-Period Principle") |
Textbook |
Homework Check |
Definitions (Income Statement), Check Your Understanding Questions 3-7 & 8 1 (txt-78), Apply Your Knowledge Exercises 1, 2 & 3 (txt-79; wrk-40) |
Notebook |
LESSON 1 |
Profit and Loss |
Due: Tuesday, October 4th |
Textbook Reading |
Pages 72-73 (up to "The Income Statement") |
Textbook |
Homework Check |
Definitions (Revenue, Expenses, Net Income, Net Loss), Check Your Understanding Question 1 (txt-78) |
Notebook |