Accounting 2 – 5/20/08

Objectives:

  • Define accounting terms related to financial statement for a merchandising business.

  • Identify accounting concepts and practices related to financial statement for a merchandising business.

  • Prepare a balance sheet for a merchandising business organized as a partnership.

I.  Bellwork pg 420

A.  Term & 1-4 Q & A

II.  16-4 Balance Sheet

A.  Pages 416-419

  1. Balance Sheet Information on a Worksheet

  2. First two sections of a Balance Sheet

  3. Completing a Balance Sheet

  4. Supporting Schedules

III.  Review – PPT 16-4

 

IV.  Classwork

A.  Page 420 5-6 WB pages 373-374

B.  16-5 Application Problem pg 423 Wb pg 387-389


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