Oct 20

Accounting – 10/21/19

I.  Bellwork:    Questions & Answers

A.  401K Article Information

  1. What is a 401K?
  2. Explain how matching works
  3. 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 using the 5 steps procedure,
  • Follow a multi-step procedure for posting to the ledger based on information in the text. RST.11-12.3

III.  Classwork

  • Complete Quiz on Budget Challenge
  • MindTap 4-2 Application Problem

IV.  Video to Review

Chapter 4 – Posting to the general ledger

Oct 17

Accounting- 10/18/19

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

III.  Classwork

  • Log into budget Challenge and schedule a payemnt
  • Page 108 4-2  Working Together & On Your Own
Oct 16

Accounting – 10/17/19

 I.  Bellwork

A.  What account numbers are assigned to each classification of account below?

  1. Assets
  2. Liabilities
  3. Revenue
  4. Expenses
  5. 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 Discuss :  Page 98-107

  • 4-2 Posting from a General Journal to a General Ledger and Proving Cash

  IV.  Notebook

  • Sequence Map – 5 Steps to Posting

V.   Classwork

  • Page 108 4-2  Working Together & On Your Own on MindTap
Oct 15

Accounting – 10/16/19

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 accounts
  • Complete the necessary steps to open general ledger accounts
  • Orally explain how account numbers are assigned to accounts

III.  Read & Discuss: Pages 94-96

  • Two Parts of an Account Number
  • Assigning Account Numbers

IV.  Classwork

  • Page 97 4-1 Working Together & On Your Own
  • Page 117  4-1 Application problem
  • Complete on Aplia – for above assignment
Oct 14

Accounting – 10/15/19

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 withholding
    Distinguish between voluntary and involuntary deductions
  • Distinguish between gross pay and net pay
  • Describe typical employee fringe benefits and evaluate their relative importance

III. Turn in Job Shadow Sheet

IV. Budget Challenge 

  • Payroll Quiz
  • Fix Checking 50 cent fee
  • Pay & Record Bills

V. Classwork

  • Page 97  Vocab (5) & 1-2 Q&A
  • Did you put 3M on MindTap??
Oct 14

Accounting – 10/14/19

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 – Multiple Choice
Oct 09

Accounting – 10/10/19

I. Bellwork: Budget Challenge

  • Pay any bills and record them on your Spreadsheet

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

 II.  Classwork:

  • Complete 3M & 3.4.2 on MindTap

IV.  Chapter 3 Test Monday

  • Chapter 3 Review on MindTap
Oct 07

Accounting – 10/08/19

I.  Bellwork

A.  For each of the source documents listed provide the proper abbreviation.

  1. Sales Invoice
  2. Check
  3. receipt
  4. memorandum
  5. calculator tape

B.  Explain how errors on a general journal corrected

II.  Objectives

  • Analyze, interpret, and record various transactions using a general journal.
  • Interpret and analyze financial transactions following a multi-step procedure based on examples outlined in the text.

III.  Classwork

  • 3-M  Mastery problem page 85-86
Oct 06

Accounting – 10/07/19

I. Bellwork: Log into Budget Challenge

Go to this link https://www.budgetchallenge.com/StudentHome/Curriculum/Unit.aspx?UnitID=16

A. List the 6 trophies that are available to earn in the Budget Challenge and explain how each one is earned 

II. Objectives:

  • Utilize a Cash Flow Statement to manage  money and monitor financial activity
  • Analyze and interpret billing statements to schedule payments 
  • Read and Review game rules and procedures and take quiz

III. Field trip Permission Slips – 10/10 Thursday

IV. Classwork: Block Budget Challenge:

  • Pay & Record Bills
  • Record transactions on Cash Flow Statement
  • Take Getting Started Quiz

V. Chapter 3 Accounting Test on Friday

Oct 04

Accounting – 10/04/19

I. Bellwork: Use Budget Challenge Information

A. What is the largest payment for a vendor bill you will be making? Provide Amount and vendor

B. What is the second largest payment for a vendor bill you will be making? Provide Amount and vendor

C. What is your bi-weekly gross pay?

D.. What is your net pay?

II. Objectives:

Evaluate a speaker’s point of view and reasoning assessing the links among ideas and points of emphasis.

Provide a clear and concise conclusion that follows from and reflects on the information shared by the speaker.

III. Complete the Sheet below

[Template] Guest Speaker sheet.doc

OR

II.   Objectives

  • Analyze, interpret, and properly record various transactions according to GAAP using a general journal.
  • Interpret and analyze financial transactions following a multi-step procedure based on examples outlined in the text.

III.  Classwork:  Pages 83-86

  • 3-4.2 Application Problem on MindTap