Accounting 1/11/08
Objectives
- Define accounting terms related to adjusting entries for a service business organized as a proprietorship.
- Identify accounting concepts and practices related to adjusting entries for a service business organized as a proprietorship.
- Record adjusting entries for a service business organized as a proprietorship.
I. Bellwork Pg 196
A. Terms & 1-3 Questions and Answers
II. Notebook Work Pg 193
A. Critical Thinking 1-2 Questions and Answers
III 9-1 Recording Adjusting and Closing Entries
A. Read and Discuss Pages 194-195
- Adjusting Entry for Prepaid Insurance
- Adjusting entry for supplies
IV. Classwork
A) Pg 196 #4&5 WB pgs 169-178
B) Pg 211 9-1 WB PG 181-184
V. Begin Closing Entries pgs 197-202
VI. Notebook Check at any time.