I.  Bellwork Use a T-account to demonstrate the debit, credit, normal balance, increase and decrease sides for an asset and also do the same for a liability. Objectives: Define accounting terms related to analyzing transactions into debit and credit parts.·  Identify accounting practices related to analyzing transactions into debit and credit parts.· Use T accounts to analyze […]

 Objectives· Define accounting terms related to analyzing transactions into debit and credit parts. Identify accounting practices related to analyzing transactions into debit and credit parts I.  Bellwork Pg.44 A.  Terms (4) + 1-2 Q+A II.  Notebook Work Pg. 41 A.  Critical Thinking 1-2 Q+A III.  3-1 Analyzing Transactions into Debit+Credit Parts A. Read-Discuss Pgs. 40-43 […]

Objective Demonstrate the ability to analyze and determine accounts affected from basic transactions and construct a Balance Sheet I.  Bellwork: (5 minutes) A.  If the owner took $500.00 worth of supplies out of the business for personal use, what accounts would be affected and how? B.  If you pay $200.00 on account.  What accounts are affected […]

Objective:  Review Basic Transactions and Balance Sheets  I.  Bellwork (10 minutes) A. Pg 32 Explore Accounting 1.  When does GAAP state revenue should be counted? 2.  List and describe the two methods for recognizing (recording) revenue in the section. II.  Turn in Chapter 2 Review Sheet  III.     Classwork A.  2-4 Mastery Problem pg 35 wb […]

Objective:  Prepare a balance sheet for a service business organized as a proprietorship from information in an accounting equation.  I.  Bellwork pg 37 Critical Thinking Case #1 – Answer Completely II.  Classwork A.  Balance sheets on Excel 1.) Pgs 31 & 34 wb pgs 23, 24 & 29 2.) Header:  Chapter 2 Balance Sheets 3.) […]

Objectives:  Prepare a balance sheet for a service business organized as a proprietorship from information in an accounting equation. I.   Bellwork pg. 31 A.  1-3 Questions & Answers II.   2-2 Reporting a Changed Accounting Equation on the Balance Sheet pg 30 A.  Balance Sheet Preparation B.  Discuss Steps 1-8 III.     Classwork A.  Pg 31 # […]

Objectives: Identify accounting concepts and practices related to changes that affect owner’s equity for a service business organized as a proprietorship. Analyze changes in an accounting equation that affect owner’s equity for a service business organized as a proprietorship. I.         Bellwork: pg 25 Critical Thinking Question & Answers 1-2              II.      2-1 Changes that affect owners equity                   […]

I.  Bellwork  Pg 21 A.  Critical Thinking 1-2 Complete Sentence Answers II.  Turn In Review Sheets  III.  Notebook Work   Pg 21 A.  Applied Communication   (Follow Instructions)    IV.  Turn in Notebooks  V.  Take Chapter 1 Test

Objective: Use Excel to create a properly formatted balance sheet.   I.  Bellwork II.  Classwork A.  Create Balance Sheets on Excel 1.  Edit Your Picture  2.  Pg 15 #5 & #6 WB pgs 5-6 3.  Pg 19 Application Problem 1-5 WB pg 15 B.  Chapter 1 Review Sheet III.  Test tomorrow (Study)

 Objectives:  (Review)· Analyze how transactions related to starting a service business organized as a proprietorship affect accounts in an accounting equation. · Prepare a balance sheet for a service business organized as a proprietorship from information in an accounting equation. I.  Bellwork (Turn In) II.  Notebook Work A.  PG 16 Explore Accounting          1.  What is […]