Acctg 9/27/07

Objective

  • 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

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