Accounting – 9/25/17
I. Bellwork: On Google Classroom
II. Objectives
- Show the relationship between the accounting equation and a T account.
- Identify the debit and credit side, the increase and decrease side, and the balance side of various accounts.
- Restate and apply the two rules that are associated with the increase side of an account.
III. Notebook Work
A. Page 31 Increase, Decreases, & Balances in Accounts – Diagram
B. Two Rules:
- Assets are on the left side – they increase on the left side (debit)
- Liabilities and owners equity are on the right side – they increase on the right side (credit)
IV. Classwork
A. Page 35
- Working Together 2-1
- On Your Own 2-1
B. P. 52 Application Problem 2-1 on Aplia
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