ACCTG 9/17/07

 Objective

· Prepare a balance sheet for a service business organized as a proprietorship from information in an accounting equation.

I.  Bellwork

II.    Section 1-3 Balance Sheet

         A.   Read and discuss pgs 13-14

            1.   Purpose of the balance sheet

            2.   Parts of a balance sheet

            3.   Review each step on pg 14

III.  Classwork

         A.  Page 15 (Terms and 1-4 Q&A)

B. pg 15 problems 5 and 6 workbook pages 5-6

         C. pg 19 Application problem 1 -4 workbook page 13

IV.  QUIZ

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