Accounting – 10/01/19
I. Bellwork: Questions & Answers
A. When you make a sale on account, what is the account
Debited
Credited
B. When you make a cash sale, what is the account
Debited
Credited
C. When an owner withdraws cash, what is the account
Debited
Credited
II. Objectives
- Analyze and record transactions that affect owner’s equity.
- Analyze and record sales and receipts of cash on account
- Utilize the 4-step process to record entries on the general journal
III. Discussion: PPT Chapter 3 on iLearn
- Transactions Affecting Owner’s Equity
IV. Classwork: Page 75
Watch the video below & Add this to your sheet
- 3-3 Working Together & 3-3 On Your Own
- 3-3 Application Problem
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