Objectives: Record adjusting entries for a service business organized as a proprietorship. Record closing entries for a service business organized as a proprietorship. Prepare a post-closing trial balance I.  Bellwork A.  Identifiy each as a permanent or temporary account: Cash Income Summary Supplies Sales Capital Drawing Accounts Receivable Advertising Expense Accounts Payable Supplies Expense II.  Classwork A.  Pages 211 […]

 Objectives: Define accounting terms related to closing entries for a service business organized as a proprietorship. Identify accounting concepts and practices related to closing entries for a service business organized as a proprietorship. Record closing entries for a service business organized as a proprietorship. I.) Bellwork pg 203 A) 3 TERMS & 1-3 Q + […]

Objectives Define accounting terms related to adjusting entries for a service business organized as a proprietorship. Identify accounting concepts and practices related to adjusting entries for a service business organized as a proprietorship. Record adjusting entries for a service business organized as a proprietorship. I. Bellwork Pg 196 A. Terms & 1-3 Questions and Answers […]

 Objectives: Identify accounting concepts and practices related to preparation of an income statement and balance sheet for a business organized as a proprietorship. Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages. Prepare a balance sheet for a service business organized as a proprietorship […]

Objectives Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages Prepare a balance sheet for a service business organized as a proprietorship I.  Turn in Review Sheet II.  Bellwork –  Determine the Sales Component Percentage for each company listed below.  Round to the first […]

 Objectives Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages Prepare a balance sheet for a service business organized as a proprietorship I.  Bellwork work pg. 186 A. Define Comparative Financial Statements Interim Financial Statements II. Classwork A.) Pg 188 Mastery Problem WB pg […]

Objective:  Prepare a balance sheet for a service business organized as a proprietorship I.  Bellwork – 10 minutes A.  Determine the new capital amount for each Company 1.  Company A 2.  Company B  3.  Company C  Capital is $32,500  Capital is $46,500  Capital is $16,500  Drawing is $6,000  Drawing is $4,000  Drawing is $800  Net […]

Objectives: Define an accounting term related to financial statements for a service business organized as a proprietorship. Identify accounting concepts and practices related to preparation of an income statement for a service business organized as a proprietorship. Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using […]

Objectives · Identify accounting concepts and practices related to the preparation of a balance sheet for a service business organized as a proprietorship. · Prepare a balance sheet for a service business organized as a proprietorship I.  Turn in Homework Wb pgs 157, 158, 161 II. Bellwork  A.  Pg 185 1-2 Q & A III. 8-2 […]

 Objectives: Define accounting terms related to a work sheet for a service business organized as a proprietorship. Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship. Complete a work sheet for a service business organized as a proprietorship. I.  Bellwork A.  Identify which column of a […]