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.

I.   Bellwork

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

 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

• Examine Bellwork
• Economic Low Down – Equilibrium
• Simple Supply and Demand

IV.  Classwork

     A.  Worksheet 7.1 on iLearn from video

V.  Equilibrium Quiz