Nov 03

Accounting – 11/04/19

I. Bellwork

  • Budget Challenge:  Pay invoices & Adjust spreadsheet

II.  Objectives:

  • Analyze and interpret differences in financial information from the bank statement and the check register to complete a bank statement reconciliation.
  • Record and journalize a bank service charge.

III.  Discussion/Notebook

  • Analyzing a bank statement
  • Preparing a Bank Reconciliation
  • Steps for recording a service charge on a check stub & the general journal
  • 4 Reasons why the depositor’s records and the bank statement may differ
    • Service Charge – not on depositors records
    • Outstanding Checks –  not on the bank statement
    • Outstanding Deposits – not on the bank statement
    • NSF Deposits – not on the depositors books

IV.  Classwork

  • Work Together & On Your Own (p. 134). .
  • Application Problem 5-2 (p. 149).

V.  Tuesday Homework

  • Take Building Credit Quiz on Budget Challenge.
Nov 03

Economics – 11/04/19

I.   Bellwork

Copy the schedule, identify and label the amount of shortage or surplus          

PriceQuantity
Demanded
Quantity 
Supplied
Shortage/Surplus
and Amount
$1.00 500 100
$2.00 350 200
$3.00 250 250
$4.00 150 400
$5.00 50 500

 II.  Objectives

  • Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, surpluses, and shortages.
  • Use data to construct economic models illustrating equilibrium, shortage, and surplus areas. 

III.  Discussion and application of equilibrium and price changes

IV.  Classwork

     A.  Worksheet 7.1 on iLearn from video

V.  Equilibrium Quiz