Accounting – 3/27/08

Objective:

  • Identify accounting practices related to journalizing transactions.
  • Record in a general journal transactions that affect owner’s equity and receiving cash on account.

I.  Bell work

A. PG 81 (1-5 Q & A)

II.  4-3 Journalizing transactions that affect owner’s equity & receiving cash on account.

A. Read and Discuss pgs 76-80

  1. Received cash from sales
  2. Sold services on account
  3. Paid cash for an expense
  4. Received cash on account
  5. Paid cash for personal use
  6. Paid cash to owner

III.  Review –  PPT 4-3

IV.     Class work

A. pg 81 6&7 wb pgs 53 & 55

B. pg 87 4-3 App wb pg 57

We are using the same WB Pages as Yesterday


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