Accounting 1 – 2/05/08
Objectives:
- Identify accounting concepts and practices related to starting a service business organized as a proprietorship.
- Analyze how transactions related to starting a service business organized as a proprietorship affect accounts in an accounting equation.
I. Bellwork
A. List 4 Procedures you should follow During Instruction
II. 1–2 How Business Activities Change the Accounting Equation
A. Read and Discuss Pgs 9-11
1. Receiving Cash
2. Paying Cash
3. Transactions on Account – Buying & Paying on Account
III. Review 1-2 PPT
IV. Classwork Pg 12
A. Terms (5) and 1-3 Questions & Answers
B. #4 & #5 WorkBook pgs 3 & 4
C. Pg 17 Application Problem 1-2 WB pg 9
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