Objectives:
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Identify accounting concepts and practices related to adjusting entries for a merchandising business
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Record adjusting entries.
I. Bellwork
A. Pg 433 1-3 Q & A
II. 17-1 Recording Adjusting Entries
A. Pages 430-432
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Adjusting entries recorded in a general journal
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Partial work sheet showing adjustments
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Adjusting entry for merchandise inventory
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Additional adjusting entries
III. Review – PPT 17-1
IV. Classwork
A. Page 433 #4-5 WB pages 397-398
B. Page 449 17-1 Application Problem wb pg 405
V. Notebook Check Tomorrow