I.  Bellwork  Q&A What journal is used to record all cash payments? If $3500.00 of merchandise is purchased on credit with the terms 2/10 n/30, what will be the potential dollar amount of the discount taken? Based upon question #2, what will be the amount paid to the creditor after the discount is taken? […]

I  Bellwork BW 9.4  on iLearn II Objectives: Record cash payments using a cash payments journal. Record replenishment of a petty cash fund Analyze, interpret and journalize petty cash transactions III.  Classwork P. 266 Aplia 9-4 Application Problem

I.  Bellwork Page 259 – Q&A 1-3 II.  Objectives: Record cash payments using a cash payments journal. Record replenishment of a petty cash fund Analyze, interpret and journalize petty cash transactions III. Discussion:  Accounting for Cash Payments p. 260-266 Cash Payments Journal Cash Payment of an Expense Buying Supplies for Cash Cash Payments on Account with […]

  I.  Bellwork:    Questions & Answers  401K Article Information What is a 401K? Explain how matching works 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. Utilize a Cash Flow Statement to manage money and […]

I.  Bellwork Page 261 Evaluating Purchase Options Page 261 Show your work 1-3 TLA_CH09 II.  Objectives: Explain what a purchase discount is and why it is given Demonstrate how to  Calculate Purchases Discounts Demonstrate how to  Calculate Sales Tax III.Classwork Login to H&R Block Chapter 9 & Chapter 10 Math Worksheet

I.  Bellwork Reality Fair Information Link II. Objectives: Post merchandise purchases to an accounts payable ledger and a general ledger. Construct a sequence map describing the steps of posting from a purchases journal III.  Discussion Posting from a Purchase Journal p. 255-258 Posting from a Purchase Journal to an Account Payable Ledger Totaling and Ruling […]

I.  Bellwork Calculate the amounts on the first slide W2_Test Drive_Gross Pay to Net Pay_attachment (3) 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 Calculate and discuss the impact of mandatory and optional deductions from gross pay Impact […]

I.  Bellwork On iLearn 9.1 & 9.2 Questions II.  Objectives: Journalize purchases of merchandise on account using a purchases journal. Analyze, interpret, and record financial transactions concentrated on purchases on account. Follow the proper sequence and procedures as outlined by GAAP III.  Log into H&R Block Budget Challenge – You must login  every 5 days […]

I. Bellwork What is the difference between the statement date and due date on an invoice/bill? II.  Objectives: Describe accounting procedures used in ordering merchandise. Discuss the purpose of a special journal. Explain the Journalizing of purchases of merchandise on account using a purchases journal. III.  Discussion: Accounting for Merchandising Purchases Pgs. 249-254 Inventory – […]

I.  Bellwork Financial Reality Fair on Google Classroom II.  Objectives Research career interests, education requirements, and entry level salary Discuss starting a corporation and the required documentation Open controlling and subsidiary accounts for a merchandising business III.  Discussion Type of Merchandising Business Forming a Corporation Subsidiary and Controlling Accounts IV.  Classwork Page 248 Working Together […]