Accounting 1 – 5/07/08
Objectives:
- Define accounting terms related to a work sheet for a service business organized as a proprietorship.
- Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship.
- Plan adjustments for supplies and prepaid insurance.
I. Bellwork – 10 minutes
A. Term + 1-2 Q&A Pg. 158
II. Notebook Work
A. Read Pg 149
1. Critical Thinking 1-2 Q+A
III. 7-2 Planning Adjusting Entries on a Worksheet
A. Read + Discuss Pgs. 154-156
- Planning Adjustments
- Supplies Adjustments
- Prepaid Insurance Adjustment
- Proving Adjusting Entries
- Examine Pg. 160 B
IV. Review – PPT 7-2
V. Classwork Pg. 158
A. 3-6 wb Pgs. 125-126
B. 7-2 Pg. 169 wb Pg. 143