Accounting – 11/26/19

I.  Bellwork

  • Budget Challenge Quiz and Check

II Objectives:

  • Analyze and explain the adjustments for supplies and prepaid insurance.
  • Explain and create a sequence map demonstrating the four questions to ask  when recording adjusting entries on a worksheet
  • Apply the proper procedures to record and complete the Adjustments columns of a worksheet.

III.  Discussion/Notebook Work

  • Matching Revenue with Expenses & Accrual basis accounting
  • Need for Adjustments
  • Four Questions Map
  • Formula for determining adjustments to Supplies & Prepaid Insurance

IV.   Classwork:

  • Working Together & On Your Own (p. 168).
  • Application Problem 6-2 (p. 183)
  • Aplia: 6-2 OYO & Working Together

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