May 11

Accounting 1 – 5/12/08

Objectives: 

  • 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.  What is the 3 line heading of a worksheet?

II.  Notebook work:

A.  Pg 168 Explore Accounting

  1. Read the section
  2. Do the Activity
  3. Make and Explain your recommendation

III.   Worksheets – Handout

A.  Problems 8-1 & 8-2 – Due today

IV.  Chapter 7 Test Wednesday

May 08

Accounting 1 – 5/09/08

Objectives:

  • 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.  Explain how adjustments on a worksheet are determined? 2-3 sentences

B.  Explain how Net Income or a Net Loss on a worksheet is determined? 2-3 sentences

II.  Classwork

A.  Pg 170 7-5 Mastery Problem WB pg 153 (NET LOSS SEE PG 162)

Turn it in today

May 07

Accounting 1 – 5/08/08

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 pg 163  (15 min)

A.  3 terms 1-4 Q & A

II.  7-3 Expanding Financial Statement Information on a Worksheet

A.  Read and Discuss pgs 159-162

  1. Balance Sheet Account Balances
  2. Income Statement Account Balances
  3. Recording Net Income, Totaling, Ruling
  4. Calculating and Recording a Net Loss

III.  Classwork

A.  Pg 163  #5-#10 WB pgs 125-126

B.  Pg 169 7-3 Application Problem WB 143

May 06

Accounting 1 – 5/07/08

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.
  • Plan adjustments for supplies and prepaid insurance.

 I.  Bellwork – 10 minutes

A.  Term + 1-2 Q&A Pg. 158

II.  Notebook Work

A.  Read  Pg 149

1.  Critical Thinking 1-2 Q+A

III.  7-2 Planning Adjusting Entries on a Worksheet

A. Read + Discuss Pgs. 154-156

  1. Planning Adjustments
  2. Supplies Adjustments
  3. Prepaid Insurance Adjustment    
  4. Proving Adjusting Entries
  5. Examine Pg. 160 B

IV.  Review –  PPT 7-2

V.  Classwork Pg. 158

A. 3-6 wb Pgs. 125-126

B. 7-2 Pg. 169 wb Pg. 143

May 06

Accounting 1 – 5/06/08

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.
  • Prepare a heading and a trial balance on a work sheet.

I.  Bellwork pg 152 (10 min)

A.  Terms (3) & 1-2 Q & A

II.  7-1 Creating a Worksheet

A.  Read and Discuss pgs 150-151

  1. Fiscal Period
  2. Worksheets
  3. Preparing the Heading
  4. Preparing a Trial Balance 

III.  Review – PPT 7-1

IV.  Classwork

A.  #3 & #4 WB pg 125-126

B.  Pg 169 Appl 7-1 WB pg 143

May 01

Accounting 1 – 5/02/08

Objectives: 

  •  Understand legal  issues and ramifications related to checks and checking accounts

I.  Bellwork- https://www.fdic.gov/about/learn/symbol/index.html

A.  Answer the following questions

  1. What is the FDIC?
  2. What does the FDIC do?
  3. When was the FDIC established?
  4. What accounts are insured up to $100,000?
  5. What accounts are insured up to $250,000?
  6. What is the most used option for resolving institution failures?

II.  Classwork

A.  Movie Handout

Apr 30

Accounting 1 – 5/01/08

Objective:

  • Understand  legal  issues a related to checks and checking accounts

I.  Bellwork

A.  List at least 2 things that may be required before cashing a check for someone.

II.  Turn in Reinforcement Activity Parts 1-2

A.  WB Pages 117-124

III.  Video & Worksheet

A.  CATCH ME IF YOU CAN

Apr 30

Accounting 1 – 4/30/08

Objective:

  • Review jornalizing and posting transactions
  • Use computer software to journalize and post transactions

I.  Bellwork Pg 139 Explore Accounting

A.  Explain what is considered an unintentional error.

B.  Explain what is considered an intentional error.

II.  Classwork 

A.  Reinforcement Activity Part A pgs 145-147

1.  Journalize May 1- 18 wb pg 117

Complete #1 & #2

Apr 29

Accounting – 4/29/08

Objectives: 

  • Define accounting terms related to using a checking account.
  • Identify accounting concepts and practices related to using a checking account.
  • Define accounting terms related to using a petty cash fund
  • Reconcile a bank statement 
  • Establish and replenish a petty cash fund
  • I.  Bellwork – Q & A

    A.  How often should Petty cash be replenished?

    B.  What should happen if an error is made when preparing a check?

    C.  What type of endorsement is least secure?

    D.  How are voided checks recorded?

    II.  Chapter 6 Test

    III.  Notebook Check – Today