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
- Received cash from sales
- Sold services on account
- Paid cash for an expense
- Received cash on account
- Paid cash for personal use
- 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