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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