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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