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1  Basic Accounting study guide necklace in Trinkets and Jewelry: Completed Projects: General by auntiem on: January 08, 2012 06:17:40 PM

So when I was studying for my final I made this necklace for one of the people in my study group. Those of you who have taken Basic Accounting may be able to interpret it without the breakdown (also please check my work please to make sure it is right). It actually helped me a lot because it helped me visualize the basics - once you have the basics down the class is so much easier. I posted the full translation so if anyone wanted to make it for a friend without having to take the class yourself you can. Or if you are about to take the class this quarter - make one for yourself.
Here is the simple break-down:
The financials in the order you prepare them: Income Statement (IS) (green bead), Statement of Owners Equity (SOE) (blue bead), Balance Sheet (BAL) (gold bead)
The Equation: Assets = Liabilities + Owners Equity (Capital, Withdrawals, Revenue, Expenses)
I have a small green bead on the side (debit or credit) that is the normal balance for each account and a small red one for the other side. Then I have a colored bead to show which account is on which financial. At the end of the list of accounts I have CE closing entries signified by a red bead to show which accounts get closing entries. *
Then FIFO (first in first out) and LIFO (last in first out) and five colored beads so you can slide then in the right order to remind you how to do each method of inventory accounting.

*Full translation: (IS) Income Statement (green bead); (SOE) Statement of Owners Equity (blue bead); (BAL) Balance Sheet (gold bead); (A) Assets (small green bead on debit side the natural balance side for this account) (gold bead this account is on the balance sheet); (two silver beads) =; (L) Liabilities (small green bead on credit side / natural balance) (gold bead on balance sheet); (silver bead) +; (OE) Owners Equity which includes { (C) Capital (small green bead on credit side / natural balance) (blue bead on Statement of Owners Equity, gold bead on Balance Sheet, red bead gets a closing entry); (W) Withdrawals / Drawings (small green bead on debit side / natural balance) (blue bead on Statement of Owners Equity, red bead gets a closing entry); (R) Revenue / Sales / Fees Earned (small green bead on credit side / natural balance) (green bead on Income Statement, red bead gets a closing entry); (E) Expenses (small green bead on debit side / natural balance)(green bead on Income Statement, red bead gets a closing entry)} (CE) Closing Entry (red bead); (FIFO) First In First Out (red, gold, peach, green, blue beads) (LIFO) Last In First Out so to remember how to do it - if it is FIFO you think of it in this order red, gold, peach, green, blue, if it is LIFO you think of it in reverse (blue, green, peach, gold, red). Ta Da!

Also - the debit side is the left and the credit side is the right.
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2  Die Hard X-mas in Needlework: Completed Projects by auntiem on: December 19, 2010 04:49:01 PM
I just unpacked this and hung it up:

Die Hard X-mas by auntiem, on Flickr

Hope you like it! I made it for my SO for x-mas a few years ago.
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3  WKRP "Turkey Drop" x-stitch in Needlework: Completed Projects by auntiem on: December 17, 2010 04:18:25 PM
This is going to show my age, but Thanksgiving always makes me remember the WKRP in Cincinnati "Turkey Drop" episode and at least one if not more of my family say this at somepoint during Thanksgiving day, so this year I decided to commemorate it:

WKRP Thanksgiving by auntiem, on Flickr

Long story short - the hapless owner comes up with a promotion involving turkeys, the traffic copter and a store parking lot - that, as you can imagine, didn't turn out well. This episode ended with the "no actual turkeys were harmed during the filming of this episode" rider in typical 70's fashion.

For those of you who weren't in existance when WKRP aired - I just checked and Hulu has full episodes including this one and the "phone cops" one, but I can't find the drunk test episode (my favorite) - if anyone finds it please let me know. 
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4  Re: Geezer Fine Wine Over 30 Swap Gallery in The Swap Gallery by auntiem on: August 06, 2009 11:12:17 PM
I got my fabulous package from pinokeeo! I love it! She sent a fabulous wood box with a celtic dragon design - which, in itself is amazing. The box is for my blood pressure cuff etc because in classic geezer style I'm supposed to take my bp every other day but I don't 'cause I don't like having it laying around. Now with this great box I can have it sitting on the dinning room table all "camouflaged".
Here is a photo of the lid:


Isn't that design great?! I'm amazed because the box itself is almost exactly what I had in mind when I asked for it - except this one is even better than I imagined. Thank-you soo much for my great box!

I'm going to check with her and hopefully she can post more pictures, I've tried and I'm just woeful.
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5  WWZ Sampler in Needlework: Completed Projects by auntiem on: May 09, 2009 01:50:30 PM
I thought of this one after attending a Max Brooks lecture. I whipped thru it so it would be hanging over my mantle for Thanksgiving (yes, I know just getting around to posting it). I got to thinking what a grandma who went thru WWZ would make and came up with this sampler.
I altered a pattern that I found in the book Threads of Time - the original pattern is by Dayna Stedry. I truly hope she doesn't find offence at my alterations.
The alterations:
The colors are the same as the original pattern except the outer border - that I made green instead of blue to match our decor better.
The original quote was very sweet and said "A house is made from brick and stone / A home is made of love alone" which I changed to a Max Brooks edict "Go up the stairs / Destroy the stairs" (zombies can't climb).
I "destroyed" the stairs on the front and scattered the pieces and boarded up the downstairs windows. For extra security since we live in logging territory I also chopped down the trees so no logger zombies could get into the second story window.
The "flowers" in the original I left as is except in mine they are now zucchini flowers - so the people in the house can have a food source.
At the very last minute (as I was stitching the X no less) my SO suggested to put in WWZ instead which at first I thought looked awkward, but now really like.
The thing I like most about it is that it hangs looking sweet and homey over the fireplace and it is fun to see people slowly start to realize something is "off" with it , then "get it" and laugh.

I used 14 count oatmeal Aida. DMC floss.

Here it is:

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6  The day you say it out loud is the day you should quit in Needlework: Completed Projects by auntiem on: March 01, 2009 05:42:24 PM
I say this phrase all the time in my head while I work. I've been known to laugh in client's faces, so the day isn't too far off that my brain to mouth filter will fail me completely and this phrase will leave my mouth. Let us just hope my boss isn't around when it happens.
I was inspired to create this piece when TheCraftyCat gave me a snowflake embelishment. I'd never used one before. I think it gives it that extra bit of pinache (sp?). I gave this to my sister for Xmas and only at the last minute remembered to take a photo - sorry for the homemade Bailey's induced photography.
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7  afghans for Afghans baby hats in Knitting: Completed Projects by auntiem on: May 29, 2008 03:57:08 PM
I've been knitting baby hats for the afghans for Afghanistan project. http://www.afghansforafghans.org/
AsphaltQueen generously sent me tons of lovely orange yarn - which ended up making 9 hats!

All the hats completed - the pink ones were already made before I found the info that they needed to be wool / animal fiber. Not pictured are the three hats I made before I read that they needed to have ear flaps too. *note to self* check instructions before knitting.


I have already gotten an email that they were received before the deadline. Thank-you so much AsphaltQueen - hope the hats look worthy of your generous gift!
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8  January skein of the month scarf in Knitting: Completed Projects by auntiem on: May 29, 2008 03:17:37 PM
So, I entered and won a skein of the month contest hosted by Storey Publishing and Webs yarn store - yea me!
A beautiful skein of yarn comes once a month with a pattern for it and this is January's:
Sheep shop yarn

and here is the scarf:


Each month is a different yarn and pattern - this is getting addicting very quickly! This yarn is really nice to knit and the pattern, once I got the hang of it was fairly easy.
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9  Re: Rockabilly Swap Round 4 GALLERY!!! in The Swap Gallery by auntiem on: May 19, 2008 12:21:17 PM
Hee hee - I saw the teaser after I opened the package.
I got my awesome package from FlashleyAshley this morning!
It was all wrapped in gingham fabric with these cool pins that she made:

Did I tell you my great aunt's dating advice was "men love women in gingham"?
Next a lovely flower pin, a (much needed) leopard print pin cushion, and a pretty fabric covered journal.

Yummy smelling gun soap - complete with little bullet soaps - awesome!

A wicked cool apron from fabric that I keep wanting to order - but now I don't have to! I love the bobble trim!

(sorry no picture) a really cool patchwork zipper pouch.
And this is why I had swap anxiety - this gal is the most awesome seamstress! I have this fabric - orded just because I love it so much, but never could I make such an awesome purse:

My boss, who is a quilter is quite impressed - "she fussy cut the bottom"! She's been having me show it to her clients all morning.
Thank-you so much! I feel so spoiled!
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10  Re: Make-A-Friend Swap Gallery in The Swap Gallery by auntiem on: May 02, 2008 12:29:30 PM
This swap has been so much fun! I love looking at the gallery - so many great packages.
I received package 3 from myklia today and boy, was I spoiled!
First, pocky sticks - I keep seeing them in the gallery, but have never tried them so they might not last the day. A shot glass from Chicago (to add to my collection). A super fabulous tea towel in my kitchen's theme - mushrooms (this one got a happy gasp when I first saw it - it is perfect!).

Next, a crochet cloth with cheery colors:

More sciplus fun, another nut bush and a fun toy that makes you see sideways:

Oh, no we are only halfway done! A beautiful necklace in perfect colors, and two row counting bracelets. I know exactly what I'm going to change into when I get home to wear the necklace. I really like the magnetic clasps on the bracelets! I'm wearing the green one right now. The row counting bracelets were needed since I used the one HelenM gave me so much that I broke it last week (don't worry Helen, I managed to round up the beads so it can be fixed).

And coolest of all - a melted bead vase! My boss really really likes it so I may keep it in the office for the summer. We have a client that brings us dahlias from his garden and this would be perfect for them. After that I know exactly where I want to put it at home.

Also, some Jones soda candy in a cool tin and several brochures from her trip including a cupcake place that sounds really cool.
Thank-you so much! This have been great fun!
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