Jun 05

Accounting 2 – 6/05/08

OBJECTIVE:

  • Review Chapter 17
  • Prepare for the Final

I.  Turn in: 

A.  Page 451 17-5 Application Problem wb 411-416

II.  Classwork

A.  Chapter 17 Review Sheet

III.  Go over Final Review Sheet (See 6/02/08 Agenda)

IV.  Final Tuesday Morning 6/10/08 (7:20-8:50)

Jun 04

Accounting 2 – 6/04/08

Objectives:

  • Journalize and Post Adjusting and closing entries
  • Prepare a Post Closing Trial balance

 I.  Bellwork

A.  List the 9 Steps of the Accounting Cycle for a Merchandising Business (Pg 446)

II.  Classwork

A.  Page 451 17-5 Application Problem wb 411-416

Jun 02

Accounting 2 – 6/03/08

I.  Final Exam for Seniors

II.  Turn in Review Sheets

III.  Non – Seniors

A.  17-4  Preparing a Post Closing Trial Balance pgs 443-446

  1. Completed General Ledger after Adjusting and Closing Entries
  2. Post Closing Trial Balance
  3. Accounting Cycle

IV.  Review – PPT 17-4

V.  Classwork

A.  Pg 447 4-5 WB pages 403-404

B.  Page 450 17-4 Application Problem WB page 409

May 30

Accounting 2 – 5/30/08

Objectives:

  • Identify accounting concepts and practices related to closing entries for a merchandising business organized as a partnership.

  • Record closing entries for net income or loss and partners drawing accounts.

 

I.  Bellwork

A.  Pg 442 1-2 Q & A 

II.  17-3 Recording Additional Closing Entries

A.  Pages 439-441

  1. – Closing entry to record net income or loss and close the income summary account

  2. – Closing entries for the partners drawing accounts

  3. -Completed closing entries for a partnership recorded in a journal

III.  Review –  PPT 17-3

 

IV.  Classwork

A.  Pg. 442 #3 & #4 Wb pages 399-402   

B.  Page 450 Application 17-3 Wb page 409

 

May 28

Accounting 2 – 5/29/08

Objective: 

  • Identify accounting concepts and practices related to closing entries for a merchandising business organized as a partnership.

  • Record closing entries for income statement accounts

I.  Bellwork

A.  Page 438 1-2 Q & A 

II.  17-2 Recording Closing Entries for Income Statement Accounts

A.  Pages 434-437

  1. The income summary account

  2. Closing entry for an income statement account with a credit balance

  3. Closing entry for income statement accounts with debit balances

  4. Summary of closing entry for income statement accounts with debit balances

III.  Review – PPT 17-2

 

IV.  Classwork

A.  Page 438 #3-4 Wb pages 399-402

B.  Page 449 Application 17-2 Wb page 409

May 28

Accounting 2 – 5/28/08

Objectives:

  • Identify accounting concepts and practices related to adjusting entries for a merchandising business

  • Record adjusting entries.

I.  Bellwork

A.  Pg 433 1-3 Q & A 

II.  17-1 Recording Adjusting Entries

A.  Pages 430-432

  1. Adjusting entries recorded in a general journal

  2. Partial work sheet showing adjustments

  3. Adjusting entry for merchandise inventory

  4. Additional adjusting entries

III. Review – PPT 17-1

 

IV.  Classwork

A.  Page 433 #4-5 WB pages 397-398

B.  Page 449 17-1 Application Problem wb pg 405 

V.  Notebook Check Tomorrow