Accounting 1 – 2/29/08
Objectives:
- Define accounting terms related to analyzing transactions into debit and credit parts.·
- Identify accounting practices related to analyzing transactions into debit and credit parts.
- Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.·
- Analyze how transactions to set up a business affect accounts.
I. Bellwork/Quiz
A. Rip out a sheet of paper and get Ready
II. 3-2 How Transactions Affect Accounts
A. Read + Discuss Pgs. 45-49
1. Questions for Analyzing Transactions
2. Transactions & T-Accounts
III. Classwork Pg 50
A. Term & 1-2 Q & A
B. Pg. 50 #3-6 wb pgs. 37-38
C. Pg. 58 Application 3-2 wb pg.43