Accounting 2 – 5/14/08
Objectives
· Define accounting terms related to financial statements for a merchandising business organized as a partnership.
· Identify accounting conc3epts and practices related to financial statements for a merchandising business organized as a partnership.
· Prepare an income statement for a merchandising business organized as a partnership.
I. Bellwork
A. Terms & 1-3 Q+A
II. 16-1 Financial Statements for a Partnership pg. 395
III. Notebook work
A. 1-3 Q+A pg. 399
IV. 16-1 Income Statement
A. Read & Discuss pgs. 400-403
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I/S Information on a Worksheet
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First two sections of a worksheet
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Completing an income statement
V. Review – PPT 16-1
VI. Class work pg. 404
A. 4-7 WB pgs. 367-368
B. 16-1 pg. 422 WB pg. 375-377