Accounting 12/07/07
Objectives:
- Define accounting terms related to a work sheet for a service business organized as a proprietorship.
- Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship.
- Complete a work sheet for a service business organized as a proprietorship.
I. Bellwork pg 163 (15 min)
A. 3 terms 1-4 Q & A
II. Expanding Financial Statement Information on a Worksheet
A. Read and Discuss pgs 159-162
- Balance Sheet Account Balances
- Income Statement Account Balances
- Recording Net Income, Totaling, Ruling
- Calculating and Recording a Net Loss
III. Classwork
A. Pg 163 #5-#10 WB pgs 125-126
B. Pg 169 7-3 Application Problem WB 143