Accounting 1 – 3/07/08
Objectives:
- Define accounting terms related to changes that affect owner’s equity for a
service business organized as a proprietorship. - Identify accounting concepts and practices related to changes that affect
owner’s equity for a service business organized as a proprietorship. - Analyze changes in an accounting equation that affect owner’s equity for a
service business organized as a proprietorship.
I. Bellwork
A. Sold services $2,500.00 to Merhi Christmas Company
B. Received $1,250.00 on account from Merhi Christmas Company
II. Classwork
A. A. Drill 3-D1 (Drills)
B. Extra Problem 3-1 ExtraProblems
C. Quiz
III. Test and Notebook Check on Monday 3-10-08