Acctg 9-21-07
Objectives:
Identify accounting concepts and practices related to changes that affect owner’s equity for a service business organized as a proprietorship.
Analyze changes in an accounting equation that affect owner’s equity for a service business organized as a proprietorship.
I. Bellwork: pg 25
Critical Thinking Question & Answers 1-2
II. 2-1 Changes that affect owners equity
A. Read and discuss pgs 24-28
1.) Revenue Transactions
2.) Pay cash for expenses
3.) Other transactions
III. Classwork
A. Pg 29 4 terms and 1-3 Q+A
B. Pg 29 #4-5 wb pgs 21-22
C. Pg 33 App 2-1 wb pg 25