{"id":642,"date":"2008-05-30T09:06:07","date_gmt":"2008-05-30T13:06:07","guid":{"rendered":"http:\/\/blog.dearbornschools.org\/farhoua\/2008\/05\/30\/accounting-2-53008\/"},"modified":"2008-05-30T09:06:07","modified_gmt":"2008-05-30T13:06:07","slug":"accounting-2-53008","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2008\/05\/30\/accounting-2-53008\/","title":{"rendered":"Accounting 2 &#8211; 5\/30\/08"},"content":{"rendered":"<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\"><strong>Objectives<\/strong>:<\/font><\/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\"><font face=\"Times New Roman\">Record closing entries for net income or loss and partners drawing accounts.<\/font><\/p>\n<\/li>\n<\/ul>\n<p style=\"margin: 0in 0in 0pt -0.25in\" class=\"MsoNormal\">&nbsp;<\/p>\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 Pg 442 1-2 Q &amp; A<\/font>\u00a0<\/p>\n<\/blockquote>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\">II.\u00a0 <font face=\"Times New Roman\">17-3 Recording Additional Closing Entries <\/font><\/p>\n<blockquote>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">A.\u00a0 Pages 439-441<\/font><\/p>\n<\/blockquote>\n<ol>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">&#8211; Closing entry to record net income or loss and close the income summary account <\/font><\/p>\n<\/li>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">&#8211; Closing entries for the partners drawing accounts <\/font><\/p>\n<\/li>\n<li>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">-Completed closing entries for a partnership recorded in a journal <\/font><\/p>\n<\/li>\n<\/ol>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">III.\u00a0 Review &#8211;\u00a0\u00a0<a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2008\/05\/les_17-3.ppt\" title=\"PPT 17-3\">PPT 17-3<\/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><p><font face=\"Times New Roman\">A.\u00a0 Pg. 442\u00a0#3 &amp; #4 Wb pages 399-402<span>\u00a0<\/span><\/font><font face=\"Times New Roman\"><span>\u00a0\u00a0<\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span> <\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/span><\/font><font face=\"Times New Roman\"><span><\/p>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\"><font face=\"Times New Roman\">B.\u00a0 Page 450 Application 17-3 Wb page 409<\/font><\/p>\n<p style=\"margin: 0in 0in 0pt\" class=\"MsoNormal\">&nbsp;<\/p>\n<p><\/span><\/font><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Objectives: Identify accounting concepts and practices related to closing entries for a merchandising business organized as a partnership. Record closing entries for net income or loss and partners drawing accounts. &nbsp; I.\u00a0 Bellwork A.\u00a0 Pg 442 1-2 Q &amp; A\u00a0 II.\u00a0 17-3 Recording Additional Closing Entries A.\u00a0 Pages 439-441 &#8211; Closing entry to record 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":[11],"tags":[],"class_list":["post-642","post","type-post","status-publish","format-standard","hentry","category-accounting-2"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/642","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=642"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/642\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}