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