Accounting – 12/17/18

I.  Bellwork

  • page 189 Critical Thinking 1-2 Q&A

II. Objectives:

  • Prepare and income statement for a service business
  • calculate and analyze financial ratios using income statement accounts

III.  Discussion/Notebook

  • Heading of an Income Statement p 192.
  • Revenue Expenses & Net Income p. 194
  • Analyzing an Income Statement p. 195
  • Two Sources of Revenue p. 197

IV.  Classwork

  • Google classroom 7-1 Working Together
  • Aplia
    • 7-1 Working together and On Your Own p. 198
    • 7-1 Application Problem p. 208


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