Accounting – 9/20/17
I. Bellwork : Answer on Google Classroom
A. Page 24 Explore Accounting Q&A
- What is GAAP?
- Why is it necessary? Explain
II. Objectives
- Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.
- Analyze and interpret financial transactions in order to properly record them based on GAAP..
III. Chapter 1 Test Tomorrow
IV. Review for Exam – on Aplia
- Chapter 1 Review Sheet
- Extra Problem 1-1 on iLearn
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