Accounting – 12/20/18
I. Bellwork
A. What are the classifications (3) of the accounts listed on the balance sheet?
B. What is the formula for computing the capital number on a balance sheet?
II. Objectives
- Review terminology and concepts related to income statements and balance sheets
- Interpret information from a worksheet and construct financial statement in accordance with GAAP
III. Quiz on Friday – Income statement & balance sheet
IV. Classwork
- Page D-7 Recycle Problem on Paper
- 7-M Mastery Problem on Aplia
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