Accounting 1 – 5/07/08

Objectives:

  • Define accounting terms related to a work sheet for a service business organized as a proprietorship.
  • Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship.
  • Plan adjustments for supplies and prepaid insurance.

 I.  Bellwork – 10 minutes

A.  Term + 1-2 Q&A Pg. 158

II.  Notebook Work

A.  Read  Pg 149

1.  Critical Thinking 1-2 Q+A

III.  7-2 Planning Adjusting Entries on a Worksheet

A. Read + Discuss Pgs. 154-156

  1. Planning Adjustments
  2. Supplies Adjustments
  3. Prepaid Insurance Adjustment    
  4. Proving Adjusting Entries
  5. Examine Pg. 160 B

IV.  Review –  PPT 7-2

V.  Classwork Pg. 158

A. 3-6 wb Pgs. 125-126

B. 7-2 Pg. 169 wb Pg. 143


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