Accounting – 11/29/14

I.  Bellwork

  • Page 168 1-2 Q&A

II. Objectives:

  • Prepare the Balance Sheet and Income Statement columns of a work sheet.
  • Total and rule the work sheet.
  • Apply the steps for finding errors on a work sheet

III.  Discussion/Notebook Work

A.  Explain the purpose of the financial statements:

  • balance sheet
  • income statement

B.  Determining and Recording income statement and balance sheet account balances  on a worksheet

  • Drill 6-2 on iLearn

C.  Net Loss or Net Income

D.  Correcting Errors

IV.  Classwork:

  • Working Together & On Your Own (p. 175).
  • Aplia:  Working Togther & On Your Own

 


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