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:
- Comparative Financial Statements
- 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