Accounting 1 – 3/26/08

Objectives:
· Identify accounting concepts and practices related to journalizing transactions.
· Record in a general journal transactions to set up a business.
· Record in a general journal transactions to buy insurance for cash and supplies on account.

I.       Bellwork pg 75

A. 1-4 Q&A

II.  Notebook Work

A.  Pg 65 Critical Thinking 1-2 Q & A 

 III.      4-2 Journalizing Buying Insurance, Buying on Account and Paying on Account

A.  Read and Discuss pgs 72-74 

  1. Paying for insurance
  2. Buying supplies on account
  3. Paying cash on account

IV.  Review –  PPT 4-2

V.     Classwork

A.  pg 75 #5 and #6 wb pgs 53 and 55
B.  pg 87 4-2 wb pg 57

We are using the same WB Pages as Yesterday


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