Mia & Leo's Lemonade Stand
Provided by:
Bean Counter
Leo & Mia's Lemonade Stand Mini-Simulation
Introduction
Workbook Instructions
Introduction
Although this Mini-Simulation only has 12 Transactions
and 2 Closing Entries don't be fooled. It's based on the
"KISS"  motto. Keep It Simple Stupid.
What You'll Learn About:
Basic Accounting Terminology
Types Of Accounts
Debits & Credits
Accounting Equation & Double Entry Bookkeeping
Transactions
Records-Journals & Ledgers
Reports-Balance Sheet & Income Statement
How Spreadsheets and Computer Bookkeeping
aid in the Bookkeeping Process.
The Worksheets contain Excercises and Answers
so you can check your work.
The Simulation has this Introduction Tab
and the following 7 Tabs:
Recording Transactions Tab	Journal Entries Help Tab
Student Enters Transaction In Journal	Actual Journal Entries For Student's Review
Recording Transactions Answers Tab	Video Review Tab
Students Check Their Answers	Watch Video & Review
T-Account Exercise Tab	Chart Of Accounts Tab
Students Enter Transaction in T-Accounts	Accounts Used in Simulation
T-Account Answers Tab
Students Check Their Answers
Navigation
Links in the Introduction Tab above and Tabs
at the bottom of the Sheets are used to navigate to
the different sheets.
Use the arrow key in the bottom far left corner to move
back and forth to the different sheets or click on the
Tab Descriptions at the bottom of the sheet.
Where To Begin ?
Watch the Video
Do the Exercises in order:
Bookkeeping Transaction Exercise
Check Your Answers
T-Account Exercise
Check Your Answers
Review Journal Entries
Error Checking
Some sheets contain Error Checking to prevent wrong entries
from being entered.
Caution
Save Your Work