Accounting 1 – 2/18/08
Objectives:
- Identify accounting concepts and practices related to starting a service
business organized as a proprietorship. - Analyze how transactions related to starting a service business organized
as a proprietorship affect accounts in an accounting equation.
I. Bellwork
A. List 3 examples of asset accounts
B. List an example of a liability account
C. List an example of an owner’s equity account
II. Classwork
A. Chapter 1 Review Sheet
B. Review Problems
III. Chapter 1 Test Tomorrow
IV. Notebook Check Tomorrow
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