· Identify accounting concepts and practices related to starting a service business organized as a proprietorship.
· Analyze how transactions related to starting a service business organized as a proprietorship affect accounts in an accounting equation.
II. Turn in WB pg 7
III. 1-2 How Business Activities Change the Accounting Equation
A. Read and Discuss Pgs 9-11
1. Receiving Cash
2. Paying Cash
3. Transactions on Account – Buying & Paying on Account
IV. Classwork Pg 12
A. Terms (5) and 1-3 Questions & Answers
B. #4 & #5 WorkBook pgs 3 & 4
C. Pg 17 Application Problem 1-2 WB pg 9