I.  Bellwork:  On Google Classroom II.  Objectives Show the relationship between the accounting equation and a T account. Identify the debit and credit side, the increase and decrease side, and the balance side of various accounts. Restate and apply the two rules that are associated with the increase side of an account. III.  Notebook Work A. […]

I.  Bellwork On Google Classroom Explain which accounting transaction(s) you have the most difficulty interpreting and recording? II.  Objectives: Analyze and interpret financial transactions in order to properly record them based on GAAP.. III.  Classwork: use Google docs Complete 1-R Recycle Problem Page D1

I.  Bellwork For each transaction below explain which accounts are affected and whether they increase (+) or decrease (-) Received Cash from Sales Paid Cash for an expense Received cash on account from a customer II.  Objectives: Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes […]

I.  Bellwork : Answer on Google Classroom A.  Page 24 Explore Accounting   Q&A        What is GAAP? Why is it necessary? Explain  II.  Objectives Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Analyze and interpret financial transactions in order to properly record […]

I.  Bellwork Provide examples of 2 transactions that increase owners equity? Provide examples of two transactions that decrease owners equity II.  Objectives Analyze how transactions affect accounts in an accounting equation. Compare and contrast accounts payable and accounts receivable Analyze and interpret financial transactions in order to properly record them based on explanations in the […]

I.  Bellwork:  On Google Classroom https://goo.gl/forms/TLYDG5MN2XdY4PuE3 II. Objectives Compare and contrast the types of transactions that increase and decrease owner’s equity. Explain the difference between expenses and liabilities. Interpret and analyze financial transactions in order to properly recording them based on explanations in the text. III.  Interested in joining DECA – membership money collected on […]

I.  Bellwork  Q&A  What two specific accounts are impacted when an owner invests cash in his/her business?  What two specific accounts are impacted when supplies are bought on account?  II.  Objectives: Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Analyze […]

I.  Bellwork A. Page 17 Q &A 1-3 Audit Your Understanding II.  Objectives: Assess student prior knowledge of management concepts through Pre-Testing Follow directions and implement test taking strategies Analyze how transactions affect accounts in an accounting equation III.  Turn in  Your Notebooks IV.  Classwork Page 17 Working Together 1-2  & On Your Own 1-2 […]

I.  Bellwork A.  What does it mean if some one asks how much equity a person has in a business? B.  Provide an example of a liability   II. Objectives Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation. Identify accounting concepts and practices […]

I.  Bellwork A.   Explain how to determine net worth. (Equation with words) B.  List some things (at least 2) which would be considered accounting assets of a business. II.  Objectives: Register student accounts and access online material for the textbook. Follow instructions outlined in Aplia to become familiar with the application III.  Classwork A.  […]