Accounting 1 – 2/20/08
Objectives:
- Identify accounting concepts and practices related to changes that affect owner’s equity for a service business organized as a proprietorship.
- Analyze changes in an accounting equation that affect owner’s equity for a service business organized as a proprietorship.
I. Bellwork: pg 29
A. 4 terms & 1-3 Questions and Answers
II. 2-1 Changes that Affect Owners Equity
A. Read and Discuss pgs 24-28
1.) Revenue Transactions
2.) Pay cash for expenses
3.) Other transactions
III. Lesson 2-1 Review 2-1 PPT
IV. Classwork
A. Pg 29 #4-5 wb pgs 21-22
B. Pg 33 App 2-1 wb pg 25
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