Accounting – 3/04/19
I. Bellwork
P283 Critical Thinking 1-2 Q&A
II. Objectives:
- Explain the relationship between the accounts receivable ledger and its controlling account.
- Record sales on account using a sales journal.
III. Discussion: Accounting for Sales on Account Pages 284-289
- Relationship between cost of merchandise, markup, and selling price
- Subsidiary Ledgers and Controlling Account
- Determining and recording Sales Tax
- Sales Invoice
- Recording a Sale on account into a Sales Journal
IV. Notebook
Sequence Map Page 288 – Journalizing a Sale on Account
V. Classwork
10-1 Working Together & On Your Own P289
On Aplia – 10-1 Working Together & On Your Own P289
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