ACCTG 9/18/07
Objectives: (Review)· Analyze how transactions related to starting a service business organized as a proprietorship affect accounts in an accounting equation.
· Prepare a balance sheet for a service business organized as a proprietorship from information in an accounting equation.
I. Bellwork (Turn In)
II. Notebook Work
A. PG 16 Explore Accounting
1. What is GAAP?
2. Why is it necessary? Explain
II. Classwork
A. Pg 19 Application Problem 1-5 WB pg 15
B. Pg 19 1-6 Mastery Problem WB pg 17
C. Pg C-1 Recycle Problem WB pg 18