Accounting 1 – 2/06/08
Objective
- Prepare a balance sheet for a service business organized as a
proprietorship from information in an accounting equation.
I. Bellwork
A. List the 7 Procedures for Exiting the Classroom
II. Section 1-3 Balance Sheet
A. Read and Discuss pgs 13-14
1. Purpose of the Balance Sheet
2. Parts of a Balance Sheet
3. Review each step on pg 14
V. Review – 1-3 PPT
IV. Classwork
A. Page 15 (Terms and 1-4 Q&A)
B. pg 15 problems 5 and 6 workbook pages 5-6
C. pg 19 Application problem 1 -4 Workbook page 13
D. pg 19 Application Problem 1-5 WB pg 15
V. QUIZ TOMORROW
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