Accounting 10/04/07
Objectives:· Identify accounting practices related to analyzing transactions into debit and credit parts.
· Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.
I. Bellwork
Use T accounts to illustate the folllowing transactions
A. Hanady withdraws $1,500.00 cash from her business.
B. Hanady pays rent of $950.00.
II. Classwork (In Brown Folders on my desk)
A. Chapter 3 Review Sheet – Due today
B. Recycle Problem C-3 – Due today
III. Test next week