Creating a balance sheet
this activity will you meet these educational goals:

content knowledge—you will explain the role and structure of financial statements.
21st century skills—you will use critical thinking and problem-solving skills, assess information, and communicate effectively.
directions
read the instructions for this self-checked activity. type in your response to each question, and check your answers. at the end of the activity, write a brief evaluation of your work.

activity
read the instructions for the following activities and type in your responses. at the end of the lesson, click the link to open the student answer sheet. use the answers or sample responses to evaluate your own work.

part a
from the information below, create a balance sheet.

cash in bank: $10,000
bonds payable: $30,000
accounts receivable: $15,000
merchandise: $ 40,000
supplies: $5,900
common stock: $50,000
stadium: $75,000
accounts payable: $15,000
additional paid-in capital: $25,000
total earnings: $ 25,900