I.  Bellwork page 189 Critical Thinking 1-2 Q&A II.  Objectives: Prepare and income statement for a service business calculate and analyze financial ratios using income statement accounts III.  Retake only Tuesday –  5th, 6th or after school until 3:30 Requirements for Retake A.  Copy Worksheet on 164G & Label each of the 9 steps B.  […]

I.  Bellwork Explain the difference between net income and net loss as they appeara on the worksheet Objectives: Complete a worksheet using proper procedures, making adjustments, and determining Net income or loss Apply knowledge of accounting terminology and concepts related to worksheet preparation III.  Chapter 6 Exam Completing a Worksheet Multiple Choice and T/F   […]

I. Bellwork Analyzing Nike’s Financial Statements Page 187 Q&A 1-2 II. Objectives: • Complete a worksheet using proper procedures, making adjustments, and determining Net income/loss • Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence, acknowledging where the text leaves matters uncertain. III. Chapter 6 Test Tomorrow IV. […]

I.  Bellwork Page 179 1-3 Q&A II.  Objectives: Review terminology and concepts related to worksheet preparation Complete a worksheet using proper procedures, making adjustments, and determining Net income/loss Determine the meaning of key terms, and other domain-specific words and phrases as they are used in accounting III.  Class work: Additional Worksheet (Net Loss) on Google […]

I.  Bellwork Page 182 – Explore Accounting:  Fiscal Periods Make your recommendation and support it with your explanation. II.  Objectives: Complete a worksheet using proper procedures, making adjustments, and determining Net income/loss Compare and contrast net income and net loss through class discussion, text information and construction of a double bubble Discuss the importance of […]

I,  Bellwork Q&A A. What classification of accounts are include on the balance sheet columns of the worksheet? (3) B.  What classification of accounts are include on the income statement columns of the worksheet? (2) II.  Objectives Journalize and post the adjusting entries for supplies and prepaid insurance. Explain the necessity and the steps in […]

I.  Bellwork Page 175 1-5 Q&A II.  Objectives: Prepare the Balance Sheet and Income Statement columns of a work sheet. Total and rule the work sheet. Follow and apply the steps for finding errors on a work sheet III. Discussion/Notebook Work Net Loss or Net Income Correcting Errors IV. Classwork: On Your Own (p. 175). […]

I.  Bellwork Page 168 1-2 Q&A II. Objectives: Prepare the Balance Sheet and Income Statement columns of a work sheet. Total and rule the work sheet. Apply the steps for finding errors on a work sheet III.  Discussion/Notebook Work A.  Explain the purpose of the financial statements: balance sheet income statement B.  Determining and Recording […]

I.  Bellwork Page 162 1-2 Q&A II.  Objectives: Analyze and explain the adjustments for supplies and prepaid insurance. Explain and create a sequence map demonstrating the four questions to ask  when  recording adjusting entries on a work sheet Apply the proper procedures to record and complete the Adjustments columns of a work sheet. III.  Discussion/Notebook […]

I.  Bellwork Page 157 1-2 Q&A II.  Objectives: Prepare the heading of a work sheet demonstrating proper format . Create a sequence map demonstrating the six-step process for preparing a trial balance on a work sheet and utilize the procedures to prepare the trial balance section of a work sheet . Discuss the importance of […]