Accounting – 12/20/17

I.  Bellwork Q&A

  1. Explain what the difference is between an Income Statement and a Balance Sheet.
  2. Explain how the information on  each is used.

II.  Objectives

  • Review terminology and concepts related to income statements and balance sheets
  • Interpret information from a worksheet and construct financial statement in accordance with GAAP

III.  Chapter 7 Test on Friday

IV. Classwork

  • Aplia -Chapter 7 Review Sheet
  • Aplia – Page 210 7-C Extra Credit (Net Loss)

 


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