Accounting 1 – 5/14/08
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.
- Complete a work sheet for a service business organized as a proprietorship.
I. Bellwork
A. Identify which column of a worksheet (Balance Sheet Debit/Credit or Income Statement Debit/Credit) each account balance would appear.
- Sales
- Drawing
- Capital
- Supplies
- Supplies Expense
- Cash
II. Notebook Work
A. Pg 172 Critical Thinking #3 Questions & Answers
III. Display pathetic grades
IV. Chapter 7 Test