You begin with cups with "balances" by placing M&M's in them:
Then you begin emptying the sales and expenses into the appropriate income summary cup. At that point your cups should look something like this:
After that the income summary balance and drawing is emptied into the capital account, so it should look something like this:
Finally the you can calculate the ending capital balance. The instructions I used for this activity came from http://lessonplans.btskinner.com/acctgmm.html. I had to change a few of the colors and numbers around to fit my bag of M&M's. While I showed the M&M visual I also kept track of the transactions on the board in T accounts. This helped draw the connection between the activity and what we would actually be recording. Overall this activiy helps with understanding closing entries, and also the students enjoy being rewarded with M&M's afterwards!
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