Accounting – 12/20/19
I. Bellwork
A. What are the classifications (3) of the accounts listed on the balance sheet?
B. What is the formula for updating the capital account on the balance sheet?
II. Objectives:
- Prepare a balance sheet for a service business organized as a proprietorship.
- Interpret information from a worksheet to construct a balance sheet in accordance with GAAP
III. Classwork on Aplia
- 7-2 Working Together and On Your Own
- 7-2 Application Problem
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