Accounting – 11/15/17
I. Bellwork Q&A
- When is the only time you will record an accounting entry using the petty cash account?
- What is credited when petty cash is replenished?
- What are two different adjustments that need to be made to the bank statement cash balance when preparing a bank reconciliation?
II. Objectives
- Interpret and synthesize information from source documents to prepare a bank reconciliation resolving conflicting information when possible.
- Analyze data and create formulas in Excel to determine variations in sales which may be related to employee skimming.
III. Chapter 5 Test on Friday – 3rd hour
Thursday for 4th & 6th Hour
IV. Classwork
- Finish 5-C on Aplia
- Forensic Accounting page 112
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