Accounting 1 – 3/04/08
Objective:
Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.
I. Bellwork
A. Construct T accounts with proper headings and balances for the following transactions:
1.. Sold services for cash $2,500.00
2. Sold services on account to Mroueh Manufacturing $350.00.
II. Notebook Work
A. Based on the Chart Education & Training Pays 2006. – Back to School
1. What does the chart on the left demonstrate?
2. What does the chart on the right demonstrate?
3. What do both charts tell us about high school grads?
III. Classwork
A. Pg. 59 3-4 Application Problem wb pg 47
B. Pg. 60 3-5 Application Problem wb pg 49
IV. Quiz ??????