Accounting – 12/19/18

I.  Bellwork

  • On iLearn

II Objectives:

  • Prepare a balance sheet for a service business organized as a proprietorship.
  • Interpret information from a worksheet to construct a balance sheet in accordance with GAAP

III. Remember:

Old Capital – Drawing + Net Income or (- Net Loss) = New Capital Amount (On Balance Sheet)

IV.  Quiz on Friday Preparing an Income Statement & Balance Sheet for a Worksheet

V.   Classwork – On Aplia

  • 7-2 Working Together and On Your Own
  • 7-2 Application Problem

 

 


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