Accounting 01/03/08
Objectives
· Identify accounting concepts and practices related to the preparation of a balance sheet for a service business organized as a proprietorship.
· Prepare a balance sheet for a service business organized as a proprietorship
I. Turn in Homework Wb pgs 157, 158, 161
II. Bellwork
A. Pg 185 1-2 Q & A
III. 8-2 Balance sheet
A. Read and discuss pages 180-184
1. Balance sheet
2. Heading
3. Assets and liabilities
4. Owners equity
5. Owners equity reported
IV. Classwork
A. pg 185 3-4 wb pgs 159-160
B. Pg 187 8-2 wb pgs 163