I.   Bellwork  Q&A What two specific accounts are impacted when an owner invests cash in their business? Next to each account write whether it increases or decreases. What two specific accounts are impacted when supplies are bought on account? Next to each account write whether it increases or decreases. II.  Objectives Compare and contrast the […]

I.   Bellwork On Google Classroom II.   Objectives: Analyze how transactions related to starting a service business organized as a proprietorship affect accounts in an accounting equation. Interpret and classify financial transactions III.  1-2 How Business Activities Change the Accounting Equation  Receiving Cash  Paying Cash  Transactions on Account – Buying & Paying on Account IV.   […]

I.  Bellwork State the accounting equation and provide an example for each category. II.  Objectives: Analyze how transactions affect accounts in an accounting equation Interpret and record transactions and their impact on the accounting equation III.  Discussion Transaction for Section 1-2 IV.   Classwork Page 17 Working Together 1-2  & On Your Own 1-2 Page 25  […]

I.   Bellwork Q&A  What does it mean if someone asks how much equity a person has in a business?  Provide an example of a liability II.  Objectives Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Identify accounting concepts and practices related to […]

I.  Bellwork: Adam Smith Division of Labor– Q&A – Work with table partner Explain any difficulties you have with the text. List words and phrases that are unfamiliar. What is the importance of the division of labor according to Adam Smith? What evidence/example does he use to make his point? What claim is Adam Smith […]

I.  Bellwork  A.  How to Budget as a College Student Summarize the article in 4-6 Sentences. Your summary should include: (What is the first step, main expenses, and how to handle credit) II.  Objectives Manage finances and maintain a budget by making sound financial decisions Analyze and interpret choice based upon financial constraints Determine the […]

I.  Bellwork  Q&A Write out and Answer the 4 questions which appear in the headings for the article listed below https://www.mymoneycoach.ca/budgeting/what-is-a-budget-planning-forecasting II.  Objectives manage finances and maintain a budget by making sound financial decisions analyze and interpret choices based upon financial constraints III. Class Work A.    Banzai Simulation Complete– Life Scenarios Instruction booklet:  Banzai life_scenarios Booklet […]

I.  Bellwork  Q&A A.  Write and explain the equation for determining net worth (equity) B.  Provide 2 examples of  how accounting information is used. II.  Objectives manage finances and maintain a budget by making sound financial decisions analyze and interpret choices based upon financial constraints III. Procedure Quiz on iLearn IV.  Class Work A.    Banzai […]

I.   Bellwork Explain what you may  know about accounting and what accountants do? II.   Objectives Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that […]

I.  Bellwork Core Values:  Definition and provide a real life example for each core value II.  Objectives: Review and discuss common classroom procedures and policies PreTest for prior knowledge III.  Finish Class-Procedures Discussion IV.  iLearn Accounting Course – registration V.  Accounting  Pre Test – Precision Exams