Accounting – 10/24/19

I.  Bellwork

Using the General Ledger provided identify the amount of the balance and whether it is a debit or credit for the questions below

  1. What will be the balance in the Cash account on Feb 1?
  2. What will be the balance in the Cash account on Feb 3?
  3. What will be the balance in the Cash account on Feb 11?
  4. What will be the balance in Accounts Receivable on Feb 20?
  5. What will be the balance in the Accounts Receivable on Feb 23?

II. Objectives

  • analyze and interpret financial transactions recording them in a general journal and maintain ledger balances
  • apply multi-step procedures based on explanations in the text to record and post financial transactions.

III.   Classwork:  

  • Pay bills on Budget Challenge
  • 4M Mastery Problem Practice
  • Review Sheet on MindTap

IV.   Chapter 4 Test Friday


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