Looking for a simplified way to teach your high school students about balance sheets, but tired of the old lemonade stand approach? This activity is the perfect addition to your financial statements unit in a Business Principles or Introduction to Business and Marketing course. This product provides 3 basic business scenarios and 3 simple balance sheets for students to complete with the information provided. Students will calculate total assets, liabilities, and owner's equity as part of the accounting equation. Make accounting fun with the fictional pet store scenarios!
This resource pairs well with the Income Statement T-Shirt Business Scenarios
Check out the thumbnails for previews of this resource.
Included in this PDF:
-Print one set of Balance Sheet Scenarios for each group. Print on colored paper and laminate for a long-lasting product.
-Print a copy of the Balance Sheet Practice Worksheet for each student.
-Model the EnviroPets scenario with the class.
-Have students work in small groups or partners to complete the Fur-tique and Tweet Hour scenarios.
-Close with a discussion of correct answers.
Save $$$ by purchasing this activity as part of the Intro to Accounting (Accounting Equation + Financial Statements) Bundle.
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