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 […]

I.  Bellwork A.  For each of the source documents listed provide the proper abbreviation. Sales Invoice Check receipt memorandum 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 […]

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 […]

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 […]

I.  Bellwork Complete Survey on H&R Block (It is scored) II.  Objectives: Utilize a Cash Flow Statement to manage money and monitor financial activity Analyze and interpret financial information and source documents to record transitions III.  Discussion A.  H & R Block Budget Challenge You need to login in at least every 5 days or you lose […]

I.  Bellwork:   Page 75 1-5 Questions & Answers II.  Objectives: Demonstrate when to end and how to start a new journal page. Identify and correct errors using standard accounting practices. Interpret and record financial transaction in the general journal. III. Budget Challenge Checkup – Start TomorrowIV. Discussion PPT 3-4 V.  Classwork  Page 80 Working […]

I.  Bellwork: Questions & Answers A. When you make a sale on account, what is the account Debited Credited B. When you make a cash sale, what is the account Debited Credited C. When an owner withdraws cash, what is the account   Debited Credited  II.  Objectives Analyze and record transactions that affect owner’s equity. Analyze and […]

I. Bellwork: on iLearn II Objective: Examine and compare various options to make financial decisions (selections) on H & R Block Budget Challenge Discuss, analyze, and compare data to make informed financial decisions III.  Discuss:  Budget Challenge IV. Classwork A.  Go to  Budget Challenge Registration 1.  Create Your Account:   Registration Code:   KPRXISB 2. […]

I. Bellwork: on iLearn II.   Learning Objectives Analyze and record cash transactions using source documents. Analyze and record transactions for buying and paying on account. Interpret and record financial transactions following a multi-step procedure outlined in the text. III.  Discussion:  PPT Chapter 3 Journalizing transactions Paid cash for Insurance Bought supplies on Account Paid […]

I. Bellwork: Questions & Answers When an owner invests money into their company, what account is debited and what account is credited? When supplies are bought with cash, what account is debited and what account is credited? II.  Objectives Interpret financial transactions and prepare the related journal entries by applying the 4 steps to journalizing […]