Index:

Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8

Chapter 1:

Chapter 1 -Essential Questions:

Why would a business owner form as a proprietorship?
Why would one choose to start a service-based business?

Objectives:

Define important accounting terms related to starting a service business organized as a proprietorship
Identify accounting concepts and practices related to starting a service business organized as a proprietorship
Classify accounts as assets, liabilities, or owner’s equity and demonstrate their relations in the accounting equation
Analyze how transactions related to starting a service business organized as a proprietorship affect accounts in an accounting equation
Prepare a balance sheet for a service business organized as a proprietorship from information in an accounting equation.

Chapter 1 Test Review Resources:

Chapter 1 slide example
Chapter 1 Review Game https://www.quia.com/cm/63263.html?AP_rand=1644273157
Chapter 1 review video https://www.youtube.com/watch?v=yc_Rp-Aj-98
Kahoot quiz

Chapter 2:

Chapter 2 -Essential Question:

Why kind of entries affect owner’s equity for a service business organized as a proprietorship?

Objectives:

Define accounting terms related to changes that affect owner’s equity for a service business organized as a proprietorship.
Identify accounting concepts and practices related to changes that affect owner’s equity for a service business organized as a proprietorship
Analyze changes in an accounting equation that affect owner’s equity for a service business organized as a proprietorship
Prepare a balance sheet for a service business organized as a proprietorship from information in an accounting equation.

Accounting Cycle Diagram

https://quizlet.com/320176379/chapter-2-review-flash-cards/

https://www.quia.com/quiz/5353713.html?AP_rand=827778874

Chapter 3:

Chapter 3 -Essential Questions

How does the accounting system of a business analyze data to produce financial information?
What would happen if you incorrectly analyzed a transaction for an expense and treated it as an asset?

Objectives

Define accounting terms related to analyzing transactions into debit and credit parts
Identify accounting practices related to analyzing transactions into debit and credit parts
Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction
Analyze how transactions to set up a business affect accounts
Analyze how transactions affect owner’s equity accounts

accounting cycle

Review Resources:

https://www.quia.com/jg/521001.html (flashcards and concentration)
http://www.double-entry-bookkeeping.com/bookkeeping-basics/debits-and-credits-quiz/
Rags to Riches: https://www.quia.com/rr/314540.html?AP_rand=1776344230

Writing Assignment # 1: GAAP

Chapter 4:

Chapter 4 Essential Questions

What takes place when journalizing?
Why is balance important between accounts?

Objectives

Define accounting terms related to journalizing transactions
Identify accounting concepts and practices related to journalizing transactions
Record in a five-column journal transactions to set up a business
Record in a five-column journal transactions to buy insurance for cash and supplies on account
Record in a five-column journal transactions that affect owner’s equity and receiving cash on account
Prove and rule a five-column journal and prove cash

accounting cycle

Chapter 4 textbook: http://www.swlearning.com/swepstuff/previews/files/accounting/0538435240/blue_ch04.pdf

Review websites:

Review Special Columns: chapter 4 review special columns
https://quizlet.com/96052982/chapter-4-journalizing-transactions-flash-cards/
http://www.cram.com/flashcards/ch-4-journalizing-and-posting-transactions-4831969

http://slideplayer.com/slide/6384110/

Chapter 5:

Chapter 5 -Essential Questions

How do you prepare a chart of accounts for a service business organized as a proprietorship?
How do you post separate amounts from a journal to a general ledger?
How do you post column totals from a journal to a general ledger?

Objectives:

1. Define an accounting term related to financial statements for a service business organized as a proprietorship
2. Identify accounting concepts and practices related to preparation of financial statements for a service business organized as a proprietorship
3. Prepare an income statement for a service business organized as a proprietorship

accounting cycle

LES_05-1-revised
A Lot of Rangers Explore (Assets, Liabilities, Owners-Equity, Revenue, Expenses)
LES_05-2
LES_05-3
LES_05-4

Chapter 6

Chapter 6 -Essential Questions:

What are check endorsements?
What are reasons why a bank may dishonor a check?
What are reasons why a depositor’s records and a bank’s record may differ?
Why do businesses have a petty cash fund?
Why is Cash and not Petty Cash credited when a petty cash fund is replenished?

Objectives:

Define accounting terms related to using a checking account and a petty cash fund
Identify accounting concepts and practices related to using a checking account
Prepare business papers related to using a checking account
Reconcile a bank statement
Journalize dishonored checks and electronic banking transactions
Establish and replenish a petty cash funds

Cursive Lesson First:

Signature Generators:

accounting cycle

Banking Basics: What is an Account Signature Card?
http://moneybasicsu.com/banking-basics-what-is-an-account-signature-card/

Bank Reconciliation Quiz:

Bank Reconciliation Explanation: http://www.accountingcoach.com/bank-reconciliation/explanation

https://quizlet.com/20537514/chapter-6-cash-control-systems-flash-cards/

https://www.quia.com/cm/63254.html?AP_rand=1008947079
Cursive worksheets:

Signature Generators:

ch 4-7 explanation

Chapter 7:

Chapter 7 -Essential Questions:

What general ledger accounts are listed in the Trial Balance column on a worksheet?
Explain how the concept of Matching Expenses with Revenues relates to adjustments?
What accounts are extended into the Balance Sheet columns of the work sheet?
How can you check for an error caused by transposed numbers?

Objectives:

Define accounting terms related to a work sheet for a service business organized as a proprietorship
Identify accounting concepts and practices related to a worksheet for a service business organized as a proprietorship
Prepare a heading and a trial balance on a worksheet
Plan adjustments for supplies and prepaid insurance
Complete a worksheet for a service business organized as a proprietorship
Identify selected procedures for finding and correcting errors in accounting records

accounting cycle

7-4 review slideshow: Chapter-6-Section-4 (2).ppt

chapter 7 test review

Chapter overall review: ca06_-_worksheets_for_a_service_business_-_overheads
Review quiz:
https://quizlet.com/167829142/account-chapter-7-work-sheet-for-a-service-business-flash-cards/
Vocab Review
http://slideplayer.com/slide/7399359/

Chapter 8:

Chapter 8 -Essential Questions:

Why is it important that the income statement and balance sheet be accurate?
What is the difference between an income statement and a balance sheet and why are they used?

Objectives:

Define an accounting term related to financial statements for a service business organized as a proprietorship
Identify accounting concepts and practices related to preparation of financial statements for a service business organized as a proprietorship
Prepare an income statement for a service business organized as a proprietorship

Book:
http://www.cdschools.org/cms/lib04/PA09000075/Centricity/Domain/171/Chapter%208%20Text.pdf

Review:
https://quizlet.com/30486831/chapter-9-financial-statements-for-a-sole-proprietorship-flash-cards/

Chapter Notes: http://www.fallcreek.k12.wi.us/faculty/debshew/Accounting/ch7/Chapter%207%20Accounting%20Notes.pdf

Slide Review: http://slideplayer.com/slide/8686542/

Review until 7:40

start at 18:00 minutes

Kahoot Review