Teacher resources
Here you'll find tools and resources to support you in the classroom.
Let's Talk Accounting
Accounting fundamentals
for successful living
The new classroom companion for Color Accounting.
Quick clips
Jan 2:
Borrow money from lender – put into business bank account. 30,000
Jan 3:
Owner contributes funds – put into business bank account. Not a loan. 20,000
Owner contributes funds – put into business bank account. Not a loan. 20,000
Jan 4:
Repaid part of loan. 5,000
Jan 5:
Buy and install equipment. We pay immediately. 6,000
Jan 25:
Buy products to sell – put onto shelf. Supplier ZZZ gives us 60 days to pay. 10,000
a) Jan 30:
Our first sale, to Adam. And, they paid cash on the spot! Cash banked. 1,000
b) Jan 30:
Used some of our product inventory in sale to Adam. 250
Our first sale, to Adam. And, they paid cash on the spot! Cash banked. 1,000
b) Jan 30:
Used some of our product inventory in sale to Adam. 250
Feb 5:
Paid window cleaner in cash for cleaning display window today. Window looks great! 50
a) Feb 10:
Another sale – Brian says assistant will come in and pay tomorrow. 2,000
b) Feb 10:
Used some of our inventory in sale to Brian. 500
Another sale – Brian says assistant will come in and pay tomorrow. 2,000
b) Feb 10:
Used some of our inventory in sale to Brian. 500
Feb 15:
Cate drops in and pays cash for a gift voucher as a present. Cash banked. 150
Feb 20:
Brian's assistant comes in and part-pays amount owing – cash banked. 800
Brian's assistant comes in and part-pays amount owing – cash banked. 800
Feb 25:
Paid for advertising campaign to run in March through May by bank wire transfer. 240
Paid for advertising campaign to run in March through May by bank wire transfer. 240
a) March 15:
Dale buys some products and presents the gift voucher as payment. 100
b) March 15:
Used some of our inventory in sale to Dale. 20
Dale buys some products and presents the gift voucher as payment. 100
b) March 15:
Used some of our inventory in sale to Dale. 20
March 31:
Ace Co. cleaned the shop during March. We estimate the bill will be 170.
Ace Co. cleaned the shop during March. We estimate the bill will be 170.
March 31:
Account for three month's equipment usage. We estimate it will last for 5 years with no resale value at the end.
Account for three month's equipment usage. We estimate it will last for 5 years with no resale value at the end.
March 31:
Account for advertising used up in the month.
Account for advertising used up in the month.