Accounting 1 – 3/06/08

Objectives:

  • 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.

I.  Bellwork

A.  Use T accounts to illustrate the following transactions 

1.  Bilal withdraws $1,500.00 cash from his business.

2.  Bilal pays rent of $950.00.

II.  Classwork

A. Chapter 3 Review Sheet – Due today

B.  Recycle Problem C-3 – Due today

III.  Test and Notebook Check Friday


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