I.  Final Exam

II. Turn in Your Book

III.  Locker Clean out @ 8:50-9:00

Objective:

• Review Journal Entries for Final Exam prepartion

I.  Classwork

A.  Review Journal Entries and Answer Questions

B.  Turn in Books

II.  Final Exam Schedule

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)

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

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

Objectives:

• Review terms and journal entries for final

 I.  Bellwork – Accounting 2 Review

A.  Define each of the terms listed on the review sheet (20 minutes)

II.  Classwork

A.  Record the journal enties on the review sheet.

III.  Senior Final Wednesday

IV.  Notebook Check Today

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

 

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

Objectives:

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