Accounting – 9/18/18
I. Bellwork
A. Provide examples of 2 transactions that increase owner’s equity
B. Provide examples of two transactions that decrease owner’s equity
II. Objectives
- Analyze how transactions affect accounts in an accounting equation.
- Compare and contrast accounts payable and accounts receivable
- Analyze and interpret financial transactions in order to properly record them based on explanations in the text.
III. Discussion
Review Transactions
- Difference between Account Payable & Account Receivable
- Difference between a Liability and Expense
- Analyze and interpret financial transactions in order to properly record them based on explanations in the text.
IV, Notebook Work: Tree Map – Accounting Classifications
V. Classwork
- Page 26 Application Problem 1-3
- Pgs 26-27 1-4 Application Problem
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