{"id":16693,"date":"2018-12-17T20:06:00","date_gmt":"2018-12-18T01:06:00","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16693"},"modified":"2018-12-17T20:19:32","modified_gmt":"2018-12-18T01:19:32","slug":"accounting-12-18-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/12\/17\/accounting-12-18-18\/","title":{"rendered":"Accounting &#8211; 12\/18\/18"},"content":{"rendered":"<p><b>I.\u00a0 \u00a0Bellwork \u00a0\u00a0Q&amp;A<\/b><\/p>\n<p><span style=\"font-weight: 400;\">A.\u00a0 What are the<strong> two<\/strong> <\/span><b>classifications<\/b><span style=\"font-weight: 400;\"> of accounts that are listed on an income statement?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">B.\u00a0 Write and Explain the formula used for determining net income or net loss on an Income Statement.<\/span><\/p>\n<p><b>II. Objectives:<\/b><\/p>\n<ul>\n<li>Prepare a balance sheet for a service business organized as a proprietorship.<\/li>\n<li>Interpret information from a worksheet to construct a balance sheet in accordance with GAAP<\/li>\n<\/ul>\n<p><b>III.\u00a0 Section 7.2 Balance Sheet<\/b><\/p>\n<ul>\n<li>Heading of a Balance sheet<\/li>\n<li>Components of a Balance Sheet<\/li>\n<li>Formatting of a balance Sheet<\/li>\n<li>Determining the Capital Balance\n<ul>\n<li>Old Capital Balance &#8211; Drawing + Net Income or -(Net Loss) = New Capital Balance<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>IV.\u00a0 Classwork<\/b><\/p>\n<ul>\n<li><b>On Google Sheets 7-2 Working Together and On Your Own<\/b><\/li>\n<\/ul>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2018\/12\/71Working-Together.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-16689 alignleft\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2018\/12\/71Working-Together-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2018\/12\/7.2On-YourOwn.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-16694 alignleft\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2018\/12\/7.2On-YourOwn-150x150.png\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 \u00a0Bellwork \u00a0\u00a0Q&amp;A A.\u00a0 What are the two classifications of accounts that are listed on an income statement? B.\u00a0 Write and Explain the formula used for determining net income or net loss on an Income Statement. II. Objectives: Prepare a balance sheet for a service business organized as a proprietorship. Interpret information from a worksheet [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91],"tags":[],"class_list":["post-16693","post","type-post","status-publish","format-standard","hentry","category-accounting-f2018"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=16693"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16693\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}