Accounting 2 – 5/09/08
Objectives
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Identify accounting concepts and practices related to a work sheet for a merchandising business.
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Complete a work sheet for a merchandising business.
I. Notebook work
A. Determine the adjustment amount and the accounts to be Dr and Cr for each
Beginning Mdse Inventory 225,500 Ending Mdse Inventory 223,250
Beginning Supplies – Office 7,500 Ending Supplies – Store 3,250
Beginning Prepaid Insurance 1,800 Ending Prepaid Insurance 1,800
II. Class work
A. 15-1 Problem Handout – On my desk
III. Test on Monday (Don’t stay home Darwiech)