Accounting – 10/22/18
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
- What will be the balance in the Cash account on Feb 1?
- What will be the balance in the Cash account on Feb 3?
- What will be the balance in the Cash account on Feb 11?
- What will be the balance in Accounts Receivable on Feb 20?
- What will be the balance in the Accounts Receivable on Feb 23?
II. Objectives
- Analyze incorrect journal entries and prepare correcting entries
- Demonstrate how to correct errors made during posting
III. Read and Discuss: Pages 109-111
- Journalizing Correcting Entries and Correcting Posting Errors
IV. Quiz on Tuesday – Determining balances on a Ledger
V. Classwork On Aplia-
- 4-3 Working Together & On Your Own
- 4-3 Application Problem
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