I.  Bellwork  A.  Provide examples of 2 transactions that increase owner’s equity?       B.  Provide examples of two transactions that decrease owner’s equity II.  Objectives Analyze how transactions affect accounts in an accounting equation. Compare and contrast accounts payable and accounts receivable Analyze and interpret financial transactions in order to properly record them based on explanations […]

I.  Bellwork: on Google Classroom II.  Objectives: Interpret and record transactions and their impact on the accounting equation Compare and contrast the types of transactions that increase and decrease owner’s equity. Differentiate between transactions involving accounts receivable and accounts payable Interpret and analyze financial transactions in order to properly recording them based on GAAP III.  […]

I.   Classwork MindTap  Working Together 1-2  & On Your Own 1-2 II.  Objectives: Interpret and record transactions and their impact on the accounting equation Compare and contrast the types of transactions that increase and decrease owner’s equity. Explain the difference between expenses and liabilities. Interpret and analyze financial transactions in order to properly recording […]

I.  Bellwork State the accounting equation and provide an example for each category. II.  Objectives: Analyze how transactions affect accounts in an accounting equation Interpret and record transactions and their impact on the accounting equation III.  Discussion Transactions for Section 1-2 IV.   Classwork on MindMap Page 17 Working Together 1-2  & On Your Own 1-2 […]

I.   Bellwork Q&A  What does it mean if someone asks how much equity a person has in a business?  What is one reason why a net worth statement may be required? II.  Objectives Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Identify […]

I.  Bellwork Page 9 Q&A Page 1-3 II.   Objectives: Describe the different users of accounting information and the purpose of a net worth statement Properly complete a net worth statement according to standards Register student accounts and access online material for the textbook. III.  Discussion – review Accounting Net Worth Statement and purpose Users of […]

I.   Bellwork List at least 3 activities a business owner does when managing their business. II.   Objectives Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to […]