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
Sep 23

Accounting – 9/24/19

I. Objectives:

  • Analyze and interpret transactions for operating a business into debit and credit parts.
  • Restate and apply the four questions necessary to analyze transactions identifying accounts, classifications, and recording the  debit and credit parts

III.  Chapter 2 Test

  • Part 1 MC on iLearn
  • Part 2 iLearn on Paper
Sep 22

Accounting – 9/23/19

I.  Bellwork: Questions & Answers

  • Page 51 Instructions 1-2 Question & Answer

II. Objectives:

  • Analyze and interpret transactions for operating a business into debit and credit parts.
  • Restate and apply the four questions necessary to analyze transactions affecting the owner’s equity account into debit and credit parts

III.  Chapter 2 Test on Tuesday – Tomorrow

  A.  Discussion/Classwork

  • Recycle Problem 2-R Page D2
  • Chapter 2 Study Guide – Practice
Sep 19

Accounting – 9/20/19

I.  Bellwork: Questions & Answers

  • Provide two transactions that reduce owner’s equity.
  • Provide two transactions that increase owner’s equity

II. Objectives:

  • Analyze and interpret transactions for operating a business into debit and credit parts.
  • Restate and apply the four questions necessary to analyze transactions affecting the various accounts into debit and credit parts

III.  Chapter 2 Test on Tuesday

  A.  Discussion/Classwork

  • Pages 53-54 Mastery Problem 2-M