{"id":638,"date":"2008-05-28T15:22:30","date_gmt":"2008-05-28T19:22:30","guid":{"rendered":"http:\/\/blog.dearbornschools.org\/farhoua\/2008\/05\/28\/accounting-2-52908\/"},"modified":"2008-05-28T15:22:30","modified_gmt":"2008-05-28T19:22:30","slug":"accounting-2-52908","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2008\/05\/28\/accounting-2-52908\/","title":{"rendered":"Accounting 2 &#8211; 5\/29\/08"},"content":{"rendered":"<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">Objective:<\/font>\u00a0<\/p>\n<ul>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">Identify accounting concepts and practices related to closing entries for a merchandising business organized as a partnership. <\/font><\/p>\n<\/li>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><span style=\"font-size: 12pt;font-family: 'Times New Roman'\">Record closing entries for income statement accounts<\/span><\/p>\n<\/li>\n<\/ul>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">I.\u00a0 Bellwork<\/font><\/p>\n<blockquote>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">A.\u00a0 Page 438 1-2 Q &amp; A<\/font>\u00a0<\/p>\n<\/blockquote>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">II.\u00a0 17-2 Recording Closing Entries for Income Statement Accounts <\/font><\/p>\n<blockquote>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">A.\u00a0 <\/font><font face=\"Times New Roman\">Pages 434-437<\/font><\/p>\n<\/blockquote>\n<ol>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">The income summary account <\/font><\/p>\n<\/li>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">Closing entry for an income statement account with a credit balance<\/font><\/p>\n<\/li>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">Closing entry for income statement accounts with debit balances<\/font><\/p>\n<\/li>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">Summary of closing entry for income statement accounts with debit balances<\/font><\/p>\n<\/li>\n<\/ol>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">III.\u00a0 Review &#8211; <a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2008\/05\/les_17-2.ppt\" title=\"PPT 17-2\">PPT 17-2<\/a><\/font><\/p>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\">&nbsp;<\/p>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">IV.\u00a0 Classwork<\/font><\/p>\n<blockquote>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">A.\u00a0 Page 438 #3-4 Wb pages 399-402<\/font><\/p>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">B.\u00a0 Page 449 Application 17-2 Wb page 409<\/font><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Objective:\u00a0 Identify accounting concepts and practices related to closing entries for a merchandising business organized as a partnership. Record closing entries for income statement accounts I.\u00a0 Bellwork A.\u00a0 Page 438 1-2 Q &amp; A\u00a0 II.\u00a0 17-2 Recording Closing Entries for Income Statement Accounts A.\u00a0 Pages 434-437 The income summary account Closing entry for an income [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-638","post","type-post","status-publish","format-standard","hentry","category-accounting-2"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/638","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=638"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/638\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}