Accounting 10/08/07
Objectives:
- Define accounting terms related to changes that affect owner’s equity for a service business organized as a proprietorship.
- 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
A. Sold services $2,500.00 to Merhi Christmas Company
B. Received $1,250.00 on account from Merhi Christmas Company
II. Classwork
A. Review for Test Tomorrow
B. Extra Problem 3-1 Extra Problems
C. Quiz
III. Chapter 3 Test Tomorrow
Review your old papers tonight