Objectives: Define accounting terms related to changes that affect owner’s equity for a service business organized as a proprietorship. 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 […]

Objectives: Define accounting terms related to changes that affect owner’s equity for a service business organized as a proprietorship. 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 […]

Objectives: Identify accounting practices related to analyzing transactions into debit and credit parts. Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction. I.  Bellwork A.  Use T accounts to illustrate the following transactions  1.  Bilal withdraws $1,500.00 cash from his business. 2.  Bilal pays rent of $950.00. II.  […]

Objective:    Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.  I.  Bellwork A.  Construct T accounts with proper headings and balances for the following transactions: 1.. Sold services for cash $2,500.00 2.  Sold services on account to Mroueh Manufacturing $350.00. II.  Notebook Work A.  Based on the Chart […]

Objective:s Identify accounting practices related to analyzing transactions into debit and credit parts. Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction. Analyze how transactions affect owner’s equity accounts. I.  Bellwork   A.  Construct T accounts for the following transactions: 1.  Bought 1,500.00 Supplies on account from Abdul […]

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 transactions showing which accounts are debited or credited for each transaction.· Analyze how transactions to set up a business affect accounts. I.  Bellwork/Quiz     A.  […]

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. […]

Objective Analyze changes in an accounting equation that affect accounts for a service business organized as a proprietorship. I.  Bellwork A.  For each transaction below identify each account that is affected and whether it increases (+) or decreases (-) Owner invested $5000.00 in the business Bought supplies for $50.00 Made a sale on account to […]

Objective:  Review transactions and Balance Sheets  I.  Bellwork pg 37 Critical Thinking Case #2 & #3 – Answers with explanations II.  Notebook Work- MEAP 2005 A.  Answer the questions based upon the chart above What does this chart illustrate? In which category did Forsdon have its highest score? In which category did Fordson have its lowest score? […]