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

Oct 02

Accounting – 10/03/19

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 points
  • Cash Flow Statement Video
  • Upload Cash Flow Statement to your Google drive

IV.  Notebook: Important dates in determining the payment of bills

V.  Classwork

  1. H & R Block Challenge – Preparing – Cash Flow Statement
  2. Record Bank Balance & Recurring Pay Check Deposit
  3. Record recurring on the CFS

VI. Computer Work

3.4.1 Application Problem

Oct 01

Accounting – 10/02/19

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 Tomorrow
IV. Discussion PPT 3-4

V.  Classwork  Page 80

  • Working Together 3-4
  • On Your Own 3-4
Oct 01

Accounting – 10/01/19

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 record sales and receipts of cash on account
  • Utilize the 4-step process to record entries on the general journal

III.  Discussion:  PPT Chapter 3 on iLearn

  • Transactions Affecting Owner’s Equity

IV.   Classwork: Page 75

Watch the video below & Add this to your sheet

3-3 Working Together Video

  • 3-3 Working Together & 3-3 On Your Own
  • 3-3 Application Problem
Sep 29

Accounting – 9/30/19

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. Discuss & Make Vendor Selections for Budget Challenge

Sep 26

Accounting – 9/27/19

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 Cash on Account

  IV.  Classwork  Page 69

  • 3-2 Working Together

V. Homework/Classork

  • OWP 3-2 Review
  • Application Problem 3-2 on MindTap
Sep 25

Accounting – 9/26/19

I. Bellwork: Questions & Answers

  1. When an owner invests money into their company, what account is debited and what account is credited?
  2. 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
  • Properly record accounting transactions in a journal in accordance to GAAP

III.  Classwork:  Page 64

  • 3-1 Working Together & On Your Own

Classwork/Homework- on Mindtap

  • 3-1 Working Together & On Your Own
  • 3-1 Application Problem
Sep 24

Accounting – 9/25/19

I.   Bellwork: Questions & Answers

  • Page 57 Critical Thinking 1-2 Q&A

II.  Objectives

  • Define what a journal is and explain why it is used to record transactions.
  • Compare and contrast different types of source documents.
  • Identify the four parts of a journal entry.
  • Orally explain the importance of source documents and how they are used in journalizing transactions

III.  Discussion

  • P. 58 Journalizing
  • P. 59 Source Documents (Objective Evidence)
  • Journalizing Transaction (At least 2 accounts)

IV.   Notebook

  • Pgs 60-61 Source Documents – Circle Map
  • Page 62  Journalizing Steps 4 – Sequence Map

V.   Classwork:  Page 64

  • Terms (10)  & Definitions