Accounting – 11/28/17
I. Bellwork
- Page 162 1-2 Q&A
II. Objectives:
- Analyze and explain the adjustments for supplies and prepaid insurance.
- Explain and create a sequence map demonstrating the four questions to ask when recording adjusting entries on a work sheet
- Apply the proper procedures to record and complete the Adjustments columns of a work sheet.
III. Discussion/Notebook Work
- Matching Revenue with Expenses & accrual basis accounting
- Need for Adjustments
- Four Questions Map
- Formula for determining adjustments to Supplies & Prepaid Insurance
IV. Classwork:
- Working Together & On Your Own (p. 168).
- Application Problem 6-2 (p. 183)
- Aplia: 6-1 OYO & Working Together
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