Assets in Accounting > Week 4 > Assets in Accounting Case Study Cash, Accounts Receivable, and Cash Receipts July 1st, invoiced Mike Smith for a personal training session for 2 hours, at $50/hr. Fill in what's missing from this journal entry. Also on July 1st, invoiced Sally Sanders for a personal training session for 3 hours, at $50/hr. Add this entry onto the journal. July 1st, Body and Swole also made a second payment on their loan. Inventory Management PP&E Concepts Application July 18th, a customer purchased 5 bags of protein powder at $20/bag. Record this entry onto the journal. Video: Introduction and Objectives 58 sec General Ledger PP&E Refresher Activity 15 min Fill in the missing transactions. Use the ledger to complete the trial balance, income statement, and balance sheet. Video: Meet the Business Owner Inventory Tracking 1 min Video: Introduction to Accounting for PP&E Life Cycle 20 sec Look at the inventory tracking tab. Complete the missing calculations to determine what Body and Swole would report as net income under the 'incorrect' column for June and September. You have just been informed that the ending inventory for July was incorrect. Instead of $350.00, the ending inventory was actually $320.00. Use this new information to complete the 'corrected' columns for May-July, and then August - October. Use your calculations to answer questions 4 and 5 on the quiz. > Video: Accounting for PP&E Life Cycle Purchases Demo 5 min Video: Accounting for PP&E Disposition Demo 7 min Mark as completed Leasing Refresher Activity 15 min Like Q Dislike P Report an issue Assets in Accounting > Week 4 > Assets in Accounting Case Study Cash, Accounts Receivable, and Cash Receipts July 1st, invoiced Mike Smith for a personal training session for 2 hours, at $50/hr. Fill in what's missing from this journal entry. Also on July 1st, invoiced Sally Sanders for a personal training session for 3 hours, at $50/hr. Add this entry onto the journal. July 1st, Body and Swole also made a second payment on their loan. Inventory Management PP&E Concepts Application July 18th, a customer purchased 5 bags of protein powder at $20/bag. Record this entry onto the journal. Video: Introduction and Objectives 58 sec General Ledger PP&E Refresher Activity 15 min Fill in the missing transactions. Use the ledger to complete the trial balance, income statement, and balance sheet. Video: Meet the Business Owner Inventory Tracking 1 min Video: Introduction to Accounting for PP&E Life Cycle 20 sec Look at the inventory tracking tab. Complete the missing calculations to determine what Body and Swole would report as net income under the 'incorrect' column for June and September. You have just been informed that the ending inventory for July was incorrect. Instead of $350.00, the ending inventory was actually $320.00. Use this new information to complete the 'corrected' columns for May-July, and then August - October. Use your calculations to answer questions 4 and 5 on the quiz. > Video: Accounting for PP&E Life Cycle Purchases Demo 5 min Video: Accounting for PP&E Disposition Demo 7 min Mark as completed Leasing Refresher Activity 15 min Like Q Dislike P Report an issue