Products in this Bundle (9)
In this activity, students will categorize 11 accounts by dragging and dropping them into one of five account types: assets, liabilities, equity, expenses, and revenue. Additionally, they will define the meaning of debit and credit for each account type, reinforcing their understanding of the fundamental accounting principles.
In this worksheet, students will analyze 12 business transactions for Alex's Auto Detailing. Their task is to identify the accounts impacted by each transaction from a provided list of 11 possible accounts. This activity helps students understand how different transactions affect a business's financial records.
In this activity, students will work with 12 transactions from Alex's Auto Detailing business and create T-accounts for 11 accounts involved. Each student receives a unique set of transaction amounts, ensuring independent work and preventing answer copying. The worksheet is auto-graded, providing instant feedback, and helps students practice tracking debits and credits in T-accounts.
In this activity, students will help Alex manage his auto detailing business by journalizing 12 transactions from the first month of operations. Each student receives a unique set of random transaction amounts, ensuring independent work. The worksheet is auto-graded, providing instant feedback.
Students will post 14 journal entries from Alex’s Auto Detailing business to the appropriate ledger accounts. Each student receives randomized transaction amounts, ensuring unique entries. The worksheet is auto-graded and provides a computerized accounting software-like experience with immediate validation, helping students learn to accurately post debits and credits in the ledger.
In this activity, students will create a trial balance for Alex's Auto Detailing business by reviewing 13 ledgers with random transaction amounts. They will calculate the total debits and credits, then enter the balances into a trial balance table. The worksheet is auto-graded, providing instant feedback on their accuracy.
In this worksheet, students will use a trial balance with random amounts to create an income statement for Alex's Auto Detailing. Their goal is to determine if the business was profitable during the period.
In this worksheet, students will be provided with the trial balance and income statement for Alex's Auto Detailing, each with random transaction amounts. Their task is to use this information to prepare a balance sheet, listing all assets, liabilities, and equity. This activity helps students practice building a balance sheet and understanding the financial position of a business.
In this worksheet, students will help Alex's Auto Detailing business by preparing closing entries and creating a post-closing trial balance. Using the provided trial balance, students will close out temporary accounts and ensure that the post-closing trial balance reflects only permanent accounts.
Description
This bundle includes 9 interactive accounting worksheets based on the real-world scenario of Alex’s Auto Detailing business. Each worksheet is designed to guide students through various key concepts in accounting, allowing them to help Alex manage his business finances.
Key Features of the Bundle:
- Real-World Scenario: Students work through practical accounting tasks for Alex’s Auto Detailing business, reinforcing their understanding of core accounting principles.
- Independent Worksheets: Each worksheet can be used on its own, allowing teachers to assign activities based on classroom lessons, without needing prior worksheets.
- Randomized Data: Every student gets unique transaction amounts, ensuring independent work and preventing copying of answers.
- Auto-Graded: Worksheets are automatically graded, providing immediate feedback to students and saving teachers time.
- Key Accounting Topics Covered:
- Journalizing transactions
- Posting to the ledger
- Preparing trial balances
- Creating income statements and balance sheets
- Making closing entries and preparing post-closing trial balances
This bundle offers a flexible, hands-on way for students to practice essential accounting skills, while giving teachers the tools to reinforce lessons in an engaging, interactive format. Whether used as a full course or individually, these worksheets provide a complete solution for accounting practice in the classroom.