Accounting 1 – 5/09/08
Objectives:
- Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship.
- Complete a work sheet for a service business organized as a proprietorship.
I. Bellwork:
A. Explain how adjustments on a worksheet are determined? 2-3 sentences
B. Explain how Net Income or a Net Loss on a worksheet is determined? 2-3 sentences
II. Classwork
A. Pg 170 7-5 Mastery Problem WB pg 153 (NET LOSS SEE PG 162)
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