I. Objectives Utilize the proper procedures to record transactions in the general ledger Demonstrate the proper application of accounting terminology and concepts Explain the proper technique in opening an account II.  Chapter 4 Test MC on iLearn Application on MindTap

I.  Bellwork Using the General Ledger provided identify the amount of the balance and whether it is a debit or credit for the questions below What will be the balance in the Cash account on Feb 1? What will be the balance in the Cash account on Feb 3? What will be the balance in […]

I.   Bellwork Page 113 Q&A 1-4 II Objectives analyze and interpret financial transactions recording them in a general journal and maintain ledger balances apply multi-step procedures based on explanations in the text to record and post financial transactions. III.   Classwork:   4M Mastery Problem p. 117 on MindTap IV.   Ledger Balance Quiz V.  […]

I. Bellwork on Google Classroom – Update Learning Plan II.  Objectives Reflect upon the previous card marking and develop goals for the 2nd card marking as well as identify means to achieve the goals. Analyze incorrect journal entries and prepare correcting entries Demonstrate how to correct errors made during posting III.  Read and Discuss:  Pages […]

I.  Bellwork:    Questions & Answers A.  401K Article Information What is a 401K? Explain how matching works When can you withdraw your money? II   Objectives Interpret and analyze financial information in order to make sound financial decisions regarding (401K) retirement accounts and maintaining budget constraints. Post amounts from a General Journal to ledger accounts […]

I. Bellwork  Arrange the following Expenses in order and assign the correct account numbers to each: Repairs Expense,  Miscellaneous Expense, Supplies Expense, Advertising Expense, Insurance Expense II.   Objectives Post amounts from a General Journal to ledger accounts Demonstrate how to prove cash Orally explain how to post from a general journal to a ledger […]

 I.  Bellwork A.  What account numbers are assigned to each classification of account below? Assets Liabilities Revenue Expenses Owners Equity II Objectives Post amounts from a General Journal to ledger accounts following proper accounting procedures Demonstrate how to prove cash Orally explain how to post from a general journal to a ledger III.  Read and […]

I. Bellwork A.  Read Ethics in Action Read Page 92 Research the internet and list 4 interview questions that are illegal to ask an applicant II Objectives Construct a chart of accounts for a service business organized as a proprietorship Demonstrate correct principles for numbering accounts Apply file maintenance principles to update a chart of […]

I. Bellwork  Q&A Is it better to get paid with cash or a check???  Explain your reasoning II. Objectives Describe the different ways employees are compensated and evaluate the benefits and drawbacks of each Understand how employees get paid and payroll terminology Identify strategies for income tax withholdingDistinguish between voluntary and involuntary deductions Distinguish between […]

I.  Turn in Notebooks II.  Objectives: Analyze, interpret, and record transaction into a General Journal Utilize the proper procedures to record transactions in the general journal Demonstrate the proper application of accounting terminology and concepts Explain the proper technique in correcting errors on a general journal III.  Chapter 3 Accounting Test   iLearn– Journal Entries   iLearn […]