Accounting 1/07/08
Objective:
- Prepare a balance sheet for a service business organized as a proprietorship
I. Bellwork – 10 minutes
A. Determine the new capital amount for each Company
1. Company A
2. Company B 3. Company C Capital is $32,500 Capital is $46,500 Capital is $16,500 Drawing is $6,000 Drawing is $4,000 Drawing is $800 Net Income is $3,500 Net Loss is ($8,500) Net Income is $1,500
II. Create Balance sheets on Excel – Pass out your papers
A. Textbook pages 185 & 187 Workbook pgs 159, 160, 163
- Header: 8-2 Balance Sheets
- Footer: Name, Picture, Date, Hour
- When you are finished there will be 3 of them on one sheet
- Print out