COURSE
BUS 1102 – Basic Accounting
The Learning Journal is a space where you should reflect on what was learned during the week and how it applies to your daily life and will help you with your life (career) goals.
For this week’s assignment, you will build on the Unit 2 learning journal by using the information in the attached template located in this Unit’s on the main page. Download the template and use it to fill in your answers (Income Statement, Statement of Retained Earnings, and Balance Sheet). **Note: you will not have access to this template until Friday after the due date for the Unit 2 Learning Journal (Thursday evening).
Please complete the following tasks:
- Complete the Income Statement.
- Complete the Statement of Retained Earnings
- Complete the Balance Sheet.
- Explain what you most liked about the Unit 3 learning journal. Please answer in 75 – 100 words.
- Explain what you least liked about completing the Unit 3 learning journal. Please answer in 75 – 100 words.
SOLUTION
| Happy House Bakeshop | |
| Income Statement for period of October 1 through October 31, 2018 | |
| Revenue | |
| Less: Expenses | |
| Salaries | $2,200 |
| Baking Supplies | $600 |
| Gas & Oil | $500 |
| Depreciation | $500 |
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