ACCTG 9/17/07
Objective
· Prepare a balance sheet for a service business organized as a proprietorship from information in an accounting equation.
I. Bellwork
II. Section 1-3 Balance Sheet
A. Read and discuss pgs 13-14
1. Purpose of the balance sheet
2. Parts of a balance sheet
3. Review each step on pg 14
III. Classwork
A. Page 15 (Terms and 1-4 Q&A)
B. pg 15 problems 5 and 6 workbook pages 5-6
C. pg 19 Application problem 1 -4 workbook page 13
IV. QUIZ