Accounting 1 – 2/25/08
Objective:
- Review Basic Transactions and Balance Sheets
I. Bellwork (10 minutes)
A. Pg 32 Explore Accounting
1. When does GAAP state revenue should be counted?
2. List and describe the two methods for recognizing (recording) revenue in the section.
II. Finish and Print Excel Balance Sheets from Friday – Add your picture in the footer
III. Classwork
A. 2-4 Mastery Problem pg 35 wb pg 31
B. Recycle Problem C-2 Handout
IV. Test Wednesday