Accounting – 12/02/19
I. Bellwork
- Budget Challenge – Pay Bills
II. Objectives:
- Determine which accounts appear on the Balance Sheet and Income Statement columns of a worksheet.
- Explain the purpose of the Balance Sheet and Income Statement
- Discuss the steps for finding errors on a worksheet
III. Discussion/Notebook Work
A. Explain the purpose of the financial statements:
- balance sheet
- income statement
B. Determining and Recording income statement and balance sheet account balances on a worksheet
- PPT 6-3
- On iLearn: Drill 7-D1 & 7-D2
C. Net Loss or Net Income
D. Correcting Errors
IV. Classwork
- Page 175 Vocabulary (5) & 1-5 Q&A
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