Accounting 10/10/07

Objectives:

  •  Analyze changes in an accounting equation that affect owner’s equity for a service business organized as a proprietorship
  • Define accounting terms related to changes that affect owner’s equity for a service business organized as a proprietorship

 I.  Bellwork

Construct T accounts for the transaction below

  1. The owner withdraws supplies from his business $500.00.

II.  Classwork

A.  3-6 Challenge Problem pg 61 WB pg 51

B.  Crossword Chapters 1-3

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