Accounting 10/26/07
5-1 Objectives
· Define accounting terms related to posting from a general journal to a general ledger.
· Identify accounting concepts and practices related to posting from a general journal to a general ledger.
· Prepare a chart of accounts for a service business organized as a proprietorship.
I. Bell Work:
A. Pg 100 Terms (5) & 1-2 Q & A -10 minutes
II. 5-1 Preparing a Chart of Accounts
A. Read and Discuss pgs 96-99
1. Relationship of a T-Account to an Account Form
2. Chart of Accounts
3. Account Numbers
4. Opening an Account
III. CLASSWORK pg. 100
A) 3-8 WB pgs. 65-66
B) pgs. 113 5-1 WB pg 77