Accounting – 5/21/08

 Objectives

  • Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages
  • Prepare a balance sheet for a service business organized as a proprietorship

I.  Bellwork pg. 186

A. Define:

  1. Comparative Financial Statements
  2. Interim Financial Statements

II. Classwork

A.) Pg 188 Mastery Problem WB pg 165

 B.) Pg C-8 Recycle Problem  WB pg 166

III.  Homework

A.  Chapter 8 Review Sheet

IV. CHAPTER 8 TEST – Friday


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