- Demonstrate the ability to analyze and determine accounts affected from basic transactions and construct a Balance Sheet
I. Bellwork: (5 minutes)
A. If the owner took $500.00 worth of supplies out of the business for personal use, what accounts would be affected and how?
B. If you pay $200.00 on account. What accounts are affected and by how much?
II. Notebook Work pg 37
Cases for Critical Thinking #2 & #3 Questions and Answers
III. Quick Review
IV. Chapter 2 Test