APEGASP
ENTP 330 // Thursday Module
Financial Statements
Sort. Trace. Understand.
Sort. Trace. Understand.
Three sections covering APE GASP's income statement and balance sheet. Complete all three and you'll get a code to submit as proof of completion.
□ 3 Sections
⏱ ~20 min
□ Retry until correct
APEGASP
ENTP 330 // Thursday Module
0 / 3 sections
Financial Statements
Sort. Trace. Understand.
Andy runs Andy's Pretty Good Screen Printing (APE GASP) — a screen printing shop in Kansas City. You've seen his income statement and balance sheet. Now it's time to prove you know where things go and why.
□ 3 Sections
⏱ ~20 minutes
□ Retry until correct
□ Scored quiz at the end
01 Sort the Line Items
Drag each item from the bank into the correct statement and section. Wrong placements bounce back. Place everything correctly to unlock Section 2.
Tip: Items that belong on the Income Statement track what happened over the year. Items that belong on the Balance Sheet describe what the business owns or owes on Dec 31.
□ Income Statement
Jan 1 – Dec 31, 2021
Revenue
Cost of Goods Sold (COGS)
Operating Expenses
Below the Line (Tax / Interest / Depr.)
□ Balance Sheet
As of Dec 31, 2021
Current Assets
Non-Current Assets
Liabilities
Owner's Equity
02 Trace the Transaction
Something happens at APE GASP. Click which financial statement(s) are affected. Some events touch one — some touch both. After you answer, you'll see a full explanation.
03 Knowledge Check
Five questions based on APE GASP's actual numbers. Select the best answer — you'll see an explanation after each one.
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Complete sections 1 and 2 to unlock the quiz.--
Quiz Score
Module Complete
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Quiz Score
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Time Spent
3/3
Sections Done
Your Completion Code
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Next step: Copy your code above, then click the button below to open the submission form. Paste your code into the form and submit. This is how your instructor confirms you completed the module.
□ Open Submission Form →