ACC 201 Allen County Community College Yearly Income Statement Worksheet

1

Prepare Robin Sporting Goods Company’s single-step income statement for the year ended July 31, 2018.

a. Check your spelling carefully and do not abbreviate.
b. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted.
c. Enter amounts in thousands, as provided to you in the data.

(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.)

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2

Prepare Robin Sporting Goods Company’s statement of retained earnings for the year ended July 31, 2018.

a. Check your spelling carefully and do not abbreviate.
b. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted.
c. Enter amounts in thousands, as provided to you in the data.

(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.)

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3

Prepare Robin Sporting Goods Company’s classified balance sheet at July 31, 2018.

a. Check your spelling carefully and do not abbreviate.
b. Use the report format for the balance sheet.
c. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted.
d. Enter amounts in thousands, as provided to you in the data.

(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong.)

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