Accounting 1 – 5/19/08
Objectives
- Identify accounting concepts and practices related to the preparation of a balance sheet for a service business organized as a proprietorship.
- Prepare a balance sheet for a service business organized as a proprietorship
I. Bellwork
A. Pg 185 1-2 Q & A
II. 8-2 Balance sheet
A. Read and discuss pages 180-184
- Balance sheet
- Heading
- Assets and liabilities
- Owners equity
- Owners equity reported
III. Review – 8-2 PPT
IV. Classwork
A. pg 185 3-4 wb pgs 159-160
B. Pg 187 8-2 wb pgs 163