Oct 23

Accounting – 10/24/19

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

  1. What will be the balance in the Cash account on Feb 1?
  2. What will be the balance in the Cash account on Feb 3?
  3. What will be the balance in the Cash account on Feb 11?
  4. What will be the balance in Accounts Receivable on Feb 20?
  5. What will be the balance in the Accounts Receivable on Feb 23?

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:  

  • Pay bills on Budget Challenge
  • 4M Mastery Problem Practice
  • Review Sheet on MindTap

IV.   Chapter 4 Test Friday

Oct 22

Accounting – 10/23/19

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.  Chapter 4 Test Friday

Oct 21

Accounting – 10/22/19

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 109-111

  • Journalizing Correcting Entries and Correcting Posting Errors

IV.   Quiz on Wednesday or Thursday– Determining balances on a Ledger

V.  Classwork 

  • Ledgers – Determining Balances
  • 4-3 Working Together & On Your Own (MindTap)
  • 4-3 Application Problem (Mind Tap)
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