Crestpoint Trading — Balance Sheet

Cash today, revenue later

Crestpoint Trading Inc. runs through the same five-transaction skeleton as the other trading exercises, then adds a sixth: cash received in advance from a customer for goods that haven't shipped yet. That cash is real, but it isn't revenue — it's booked as Unearned Revenue, a liability, until the goods actually go out the door.

Each numbered transaction is first recorded as a journal entry: a debit to whichever account increases, and a credit to whichever account increases on the other side — always two sides, always equal.

Using the calculator

1. Enter shares issued, PP&E, inventory (cost + cash paid), the sale (% sold, revenue, cash received), and the expense in the yellow cells.
2. Watch Total Assets and Total Liabilities-plus-Equity update together as you change any single input.
3. The bottom check row should read 0 — if not, re-check which input you changed last.