Accounting – 10/20/19
I. Bellwork
A. What account numbers are assigned to each classification of account below:
- Assets
- Liabilities
- Revenue
- Expenses
- Owners Equity
B. Describe the two steps for opening an account
II. Objectives
- Construct a chart of accounts by demonstrating correct principles for numbering accounts
- Apply file maintenance principles to update a chart of accounts
- Complete the necessary steps to open general ledger accounts
III. Classwork
A. Page 116 4-1 Application Problem (On paper)
B. Complete on Aplia – for:
- 4-1 Working Together and On Your Own
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