{"id":303,"date":"2008-01-08T12:19:02","date_gmt":"2008-01-08T16:19:02","guid":{"rendered":"http:\/\/blog.dearbornschools.org\/farhoua\/2008\/01\/08\/accounting-10908\/"},"modified":"2008-01-08T12:19:02","modified_gmt":"2008-01-08T16:19:02","slug":"accounting-10908","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2008\/01\/08\/accounting-10908\/","title":{"rendered":"Accounting 1\/09\/08"},"content":{"rendered":"<p><font face=\"Times New Roman\">Objectives<\/font><\/p>\n<ul>\n<li><font face=\"Times New Roman\">Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages<\/font><\/li>\n<li>Prepare a balance sheet for a service business organized as a proprietorship<\/li>\n<\/ul>\n<p>I.\u00a0 Turn in Review Sheet<\/p>\n<p>II.\u00a0 Bellwork &#8211;\u00a0 Determine the Sales Component Percentage for each company listed below.\u00a0 Round to the first decimal place.<\/p>\n<p>\u00a0<\/p>\n<table border=\"1\" cellPadding=\"0\" cellSpacing=\"0\">\n<tr>\n<td width=\"132\" vAlign=\"top\">\n<p align=\"center\"><strong><font size=\"3\">1.\u00a0 Company A<\/font><\/strong><\/p>\n<p><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"156\" vAlign=\"top\"><strong><font size=\"3\">2.\u00a0 Company B<\/font><\/strong><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"132\" vAlign=\"top\"><strong><font size=\"3\">3.\u00a0 Company C<\/font><\/strong><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<\/tr>\n<tr>\n<td width=\"132\" vAlign=\"top\"><font size=\"3\">Sales\u00a0 <\/font><font size=\"3\">$10,500.00<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"156\" vAlign=\"top\"><font size=\"3\">Sales\u00a0 <\/font><font size=\"3\">$13,000.00<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"132\" vAlign=\"top\"><font size=\"3\">Sales\u00a0 <\/font><font size=\"3\">$7,000.00<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<\/tr>\n<tr>\n<td width=\"132\" vAlign=\"top\"><font size=\"3\">Total Expenses $6,000.00<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"156\" vAlign=\"top\"><font size=\"3\">Total Expenses $4,500.00<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"132\" vAlign=\"top\"><font size=\"3\">Total Expenses $7,775.00<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<\/tr>\n<tr>\n<td width=\"132\" vAlign=\"top\"><font size=\"3\">Net Income <\/font><font size=\"3\">$4,500.00<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"156\" vAlign=\"top\"><font size=\"3\">Net Income <\/font><font size=\"3\">$8,500.00<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"132\" vAlign=\"top\"><font size=\"3\">Net Loss <\/font><font size=\"3\">\u00a0($775.00)<\/font><\/td>\n<\/tr>\n<\/table>\n<p>\u00a0III.\u00a0 Classwork<\/p>\n<blockquote><p>A.\u00a0 Pg 188 Challenge Problem WB pg 167<\/p>\n<p>B.\u00a0 Handout -use WB page 168<\/p><\/blockquote>\n<p>IV.\u00a0 Chapter 8 Test Tomorrow<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Objectives Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages Prepare a balance sheet for a service business organized as a proprietorship I.\u00a0 Turn in Review Sheet II.\u00a0 Bellwork &#8211;\u00a0 Determine the Sales Component Percentage for each company listed below.\u00a0 Round to the first [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-303","post","type-post","status-publish","format-standard","hentry","category-accounting"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/303","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=303"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/303\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}