Accounting 11/09/07
Objectives:
- Prepare a chart of accounts for a service business organized as a proprietorship
- Post amounts from a general journal to a general ledger.
I. Bellwork Work (10 minutes)- MI Declining Industries
A. Based on the chart answer the following questions. Q&A
- What does this chart demonstrate?
- Which declining industry has the most jobs?
- Which declining industry has the lowest wages?
- Which declining industry has the highest percent change decrease in weekly wages?
- Which declining industry has the highest percent change decrease in jobs?
II. Classwork
A. Chart of Accounts- See 11/07 Agenda-20 minutes
- Complete on the computer
- Header- Chart of Accounts Exercise
- Footer-Name/Picture, Date, Hour
B. Chapter 5 Review Handout – 30 minutes