Accounting 1 – 2/06/08

Objective

  • Prepare a balance sheet for a service business organized as a
    proprietorship from information in an accounting equation.

I.  Bellwork
        A.  List the 7 Procedures for Exiting the Classroom

II.    Section 1-3 Balance Sheet

         A.   Read and Discuss pgs  13-14

            1.   Purpose of the Balance Sheet

            2.   Parts of a Balance Sheet

            3.   Review each step on pg  14

V.    Review – 1-3 PPT

IV.  Classwork

        A. Page 15 (Terms and 1-4 Q&A)

        B. pg 15 problems 5 and 6 workbook pages 5-6

C. pg 19 Application problem 1 -4 Workbook page 13
D. pg 19 Application Problem  1-5  WB pg 15

V.  QUIZ TOMORROW

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