{"id":615,"date":"2008-05-19T17:36:06","date_gmt":"2008-05-19T21:36:06","guid":{"rendered":"http:\/\/blog.dearbornschools.org\/farhoua\/2008\/05\/19\/accounting-1-52008\/"},"modified":"2008-05-19T17:36:06","modified_gmt":"2008-05-19T21:36:06","slug":"accounting-1-52008","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2008\/05\/19\/accounting-1-52008\/","title":{"rendered":"Accounting 1 &#8211; 5\/20\/08"},"content":{"rendered":"<p>Objective:<\/p>\n<ul>\n<li>\u00a0Prepare a balance sheet for a service business organized as a proprietorship<\/li>\n<\/ul>\n<p>I.\u00a0 Bellwork &#8211; 10 minutes<\/p>\n<blockquote><p>A.\u00a0 Determine the new capital amount for each Company<\/p>\n<table border=\"1\" cellPadding=\"0\" cellSpacing=\"0\">\n<tr>\n<td width=\"175\" vAlign=\"top\">\n<p align=\"center\"><strong><font size=\"3\">1.\u00a0 Company A<\/font><\/strong><\/p>\n<\/td>\n<td width=\"168\" 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=\"168\" 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=\"175\" vAlign=\"top\"><font size=\"3\">Capital is $32,500<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"168\" vAlign=\"top\"><font size=\"3\">Capital is $46,500<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"168\" vAlign=\"top\"><font size=\"3\">Capital is $16,500<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<\/tr>\n<tr>\n<td width=\"175\" vAlign=\"top\"><font size=\"3\">Drawing is $6,000<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"168\" vAlign=\"top\"><font size=\"3\">Drawing is $4,000<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"168\" vAlign=\"top\"><font size=\"3\">Drawing is $800<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<\/tr>\n<tr>\n<td width=\"175\" vAlign=\"top\"><font size=\"3\">Net Income is $3,500<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"168\" vAlign=\"top\"><font size=\"3\">Net Loss is ($8,500)<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<td width=\"168\" vAlign=\"top\"><font size=\"3\">Net Income is $1,500<\/font><font size=\"3\" face=\"Times New Roman\">\u00a0<\/font><\/td>\n<\/tr>\n<\/table>\n<\/blockquote>\n<p><font face=\"Times New Roman\">II. Create Balance sheets on Excel &#8211; Pass out your papers<\/font><\/p>\n<blockquote><p><font face=\"Times New Roman\">A.\u00a0 Textbook pages 185 &amp; 187 Workbook pgs 159, 160, 163 <\/font><\/p>\n<ol>\n<li><font face=\"Times New Roman\">Header:\u00a0 8-2 Balance Sheets<\/font><\/li>\n<li><font face=\"Times New Roman\">Footer:\u00a0 Name,<strong> Picture<\/strong>, Date, Hour<\/font><\/li>\n<li><font face=\"Times New Roman\">When you are finished there will be 3 of them on one sheet<\/font><\/li>\n<li><font face=\"Times New Roman\">Print out<\/font><\/li>\n<\/ol>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Objective: \u00a0Prepare a balance sheet for a service business organized as a proprietorship I.\u00a0 Bellwork &#8211; 10 minutes A.\u00a0 Determine the new capital amount for each Company 1.\u00a0 Company A 2.\u00a0 Company B\u00a0 3.\u00a0 Company C\u00a0 Capital is $32,500\u00a0 Capital is $46,500\u00a0 Capital is $16,500\u00a0 Drawing is $6,000\u00a0 Drawing is $4,000\u00a0 Drawing is $800\u00a0 Net [&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-615","post","type-post","status-publish","format-standard","hentry","category-accounting"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/615","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=615"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/615\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}