Accounting – 1/25/18
I. Bellwork
Go to H &R Block Budget Challenge – Login – Find the SCORING Tab
Questions & Answers
- What three skill areas are the most important in determining your individual leaderboard score?
- Explain how to earn points toward your leaderboard score.
- Explain how to earn points toward your engagement score.
II Objective:
- Complete a worksheet using proper procedures, making adjustments, and determining Net income/loss
- Interpret information from a worksheet and construct financial statement in accordance with GAAP
- Journalize and post closing entries for a service business organized as a proprietorship
- Prepare a post-closing trial balance in accordance to GAAP
III. Classwork
- Use Aplia: Reinforcement Activity Part B – Page 238
- Whatever you do not finish in class is homework orver the weekend
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