I.  Bellwork Page 211 Analyzing Nike’s Financial Statements Q&A 1-2  II.  Objectives Review terminology and concepts related to income statements and balance sheets Interpret information from a worksheet and construct financial statement in accordance with GAAP III. Chapter 7 Test

I.  Bellwork Page 205 Q&A 1-2 II.  Objectives Review terminology and concepts related to income statements and balance sheets Interpret information from a worksheet and construct financial statement in accordance with GAAP III.  Test on Friday IV. Classwork Page D-7  Recycle Problem Review Sheet on Aplia

I.  Bellwork Q&A Explain what the difference is between an Income Statement and a Balance Sheet. Explain how the information on  each is used. II.  Objectives Review terminology and concepts related to income statements and balance sheets Interpret information from a worksheet and construct financial statement in accordance with GAAP III.  Chapter 7 Test on […]

I.  Bellwork Page 204 Careers in Accounting Activity Find The Required information (Salary & Education) for 3 different bookkeeper jobs in Michigan https://www.indeed.com/ II.  Objective Prepare and properly format an income statement for a service business Prepare a balance sheet for a service business organized as a proprietorship. Interpret account information from the worksheet to […]

I.  Bellwork What are the classifications (3)  of the accounts listed on the balance sheet? II.  Objectives: Prepare a balance sheet for a service business organized as a proprietorship. Interpret information from a worksheet to construct a balance sheet in accordance with GAAP III.  Classwork On Google Sheets 7-2 Working Together and On Your Own […]

I.  Bellwork   Q&A Explain how each of the  percentage of sales ratios are determined on the income statement. Use words and formulas.  II.  Objectives: Prepare a balance sheet for a service business organized as a proprietorship in accordance to GAAP. Orally explain the components of a balance sheet III.  Discussion/Notebook Heading of a Balance Sheet […]

I.  Bellwork Explain how each of the 3 percentages are determined on the income statement. Use words and formulas. II.  Objectives: Prepare a income statement with ratios applying proper formatting using Google Sheets Explain how % sales ratios are determined on a income statement III.  Income Statement Quiz Friday IV.  Classwork: Create Income Statements using […]

I.  Bellwork   Q&A  page 193 1-3 II.  Objectives: Prepare a balance sheet for a service business organized as a proprietorship. Orally explain the components of a balance sheet III.  Discussion/Notebook Heading of a Balance Sheet p 199. Assets and Liabilities Section 201 Owners Equity Section p. 202 Owners Equity in detail p. 203  IV.Classwork Page […]

I.  Bellwork   Q&A What are the two classifications of accounts that are listed on an income statement? Explain the formula used for determining net income or net loss. II.  Objectives: Prepare and properly format an income statement for a service business using Google Sheets calculate and analyze financial ratios using income statement accounts Orally describe […]