Accounting-Chapters 9-16

Index:

Chapter 9
Chapter 10
Chapter 11
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16

Chapter 9

Chapter 9 -Essential Questions:

  • Why are adjustments journalized?
  • What do the ending balances of permanent accounts for one fiscal period represent at the beginning of the next fiscal period?
  • Why are temporary accounts omitted from a post-closing trial balance?

Objectives:

  1. Define accounting terms related to adjusting and closing entries for a service business organized as a proprietorship
  2. Identify accounting concepts and practices related to adjusting and closing entries for a service business organized as a proprietorship
  3. Record adjusting entries for a service business organized as a proprietorship
  4. Record closing entries for a service business organized as a proprietorship
  5. Prepare a post-closing trial balance for a service business organized as a proprietorship

accounting cycle

Chapter 9 Video

https://quizlet.com/111667594/accounting-i-chapter-8-flash-cards/
https://quizlet.com/174335044/accounting-chapter-9-recording-adjusting-and-closing-entries-for-a-service-business-flash-cards/

kahoot review

Journal

  • Adjusting entries
  • Closing entries
  • Post to General Ledger
  • Create a Post Closing Trial Balance

Chapter 10

Chapter 10 -Essential Questions:

  • What makes the activities of a merchandising business different from those of a service business?
  • What are the types of merchandising businesses and how do they differ?
  • How is the purchase of merchandise journalized using a purchases journal?
  • How does the cash payments journal differ from the general journal?

Objectives:

  1. Define accounting terms related to purchases and cash payments for a merchandising business.
  2. Identify accounting concepts and practices related to purchases and cash payments for a merchandising business.
  3. Journalize purchases of merchandise for cash.
  4. Journalize purchases of merchandise on account and buying supplies.
  5. Journalize cash payments and other transactions.

Accounting Cycle- Merchandise Business

  1. Lesson 10-1
  2. Lesson 10-2
  3. Lesson 10-3

9-1 Explanation: Exercises are different

Accounting Concepts Quiz: https://quizlet.com/34453892/century-21-accounting-concepts-flash-cards/ (Business Entity, Going Concern, Historical Cost, and Objective Evidence)
https://quizlet.com/4727151/chapter-10-journalizing-purchases-and-cash-payment-flash-cards/
https://quizlet.com/9099660/chapter-10-journalizing-purchases-and-cash-payments-flash-cards/

Book:
http://www.cdschools.org/cms/lib04/PA09000075/Centricity/Domain/171/Chapter%2010%20Text.pdf

Internet Activity:
http://www.c21accounting.com/student/green/gj_student_internet_frame.html

Chapter 11

Chapter 11 -Essential Questions:

  • What is the purpose of collecting and journalizing sales tax?
  • Which accounting concept is being applied when revenue is recorded at the time a sale is made, regardless of when payment is made?
  • What is the purpose of proving a journal?
  • Describe how to prove cash?

Objectives: SWBAT

  1. Define accounting terms related to sales and cash receipts for merchandising business
  2. Identify accounting concepts and practices related to sales and cash receipts for a merchandising business
  3. Journalize sales and cash receipts transactions for a merchandising business
  4. Prove and rule a journal

Accounting Cycle- Merchandise Business

  1. ch 11 Initial PowerPoint
  2. LES_11-1
  3. LES_11-2

Book:
http://www.cdschools.org/cms/lib04/PA09000075/Centricity/Domain/171/Chapter%2011%20Text.pdf

Sales Tax Calculator: http://www.calculator.net/sales-tax-calculator.html

https://quizlet.com/4836669/chapter-11-journalizing-sales-and-cash-receipts-flash-cards/

Chapter 12

Chapter 12 -Essential Questions:

  • How do you post to a general, accounts payable, and accounts receivable ledgers?
  • How do you post to a general ledger from a journal?
  • What are the accounting practices related to posting to ledgers?

Objectives: SWBAT

  1. Define accounting terms related to posting to ledgers
  2. Identify accounting practices related to posting to ledgers
  3. Post to a general ledger from a journal
  4. Post to an accounts payable ledger
  5. Post to an accounts receivable ledger
  6. Verify the accuracy of accounting records

Accounting Cycle- Merchandise Business

  1. LES_12-1
  2. LES_12-2
  3. LES_12-3
  4. LES_12-4

Chapter 13

Chapter 13 -Essential Questions:

  • How do you prepare payroll, payroll checks, and the records that must be maintained?
  • How do you calculate payroll taxes?
  • How do you complete a payroll register?

Objectives: SWBAT

  1. Define accounting terms related to payroll records
  2. Identify accounting practices related to payroll records
  3. Complete a payroll time card\calculate payroll taxes
  4. Calculate payroll taxes
  5. Complete a payroll register and an employee earnings record
  6. Prepare payroll checks

Accounting Cycle- Merchandise Business

  1. LES_13-1
  2. LES_13-2-v2
  3. LES_13-3
  4. LES_13-4

2017 Hourly Wage Calculator http://us.thesalarycalculator.co.uk/hourly.php
Time Card Calculator – https://www.redcort.com/Free-Timecard-Calculator/

Review Sites:

Chapter 14

Chapter 14 -Essential Questions:

  • How do you record employer payroll taxes?
  • How do you prepare an employer annual report to employees of taxes withheld?
  • Explain how to record payroll in a journal.

Objectives: SWBAT

  1. Define accounting terms related to payroll accounting, taxes, and reports
  2. Identify accounting concepts and practices related to payroll accounting, taxes, and reports
  3. Analyze payroll transactions and record a payroll
  4. Record employer payroll taxes
  5. Prepare selected payroll tax reports
  6. Pay and record withholding and payroll taxes

Accounting Cycle- Merchandise Business

  1. Chapter 14-1 PowerPoint Revised
  2. LES_14-2 revised
  3. LES_14-3
  4. LES_14-4

Chapter 14 Review-Mastery

Chapter 15

Chapter 15 -Essential Questions:

  • In what order should general ledger accounts be listed on a worksheet?
  • What accounts are used for the adjustment for merchandising inventory?
  • When does a net loss appear on a worksheet?
  • What extra step is required when a 10-column worksheet is prepared instead of an 8- column worksheet?

Objectives: SWBAT

  • Define accounting terms related to a worksheet for a merchandising business
  • Identify accounting concepts and practices related to a worksheet for a merchandising business
  • Begin a worksheet for a merchandising business
  • Plan adjustments on a worksheet for a merchandising business
  • Complete a worksheet for a merchandising business

Accounting Cycle- Merchandise Business

  1. LES_15-1
  2. LES_15-2
  3. LES_15-3

Chapter 16

Chapter 16 -Essential Questions:

  • What is the major difference between the income statement for a merchandising business and a service business?
  • How does a company determine acceptable component percentage?
  • What information used to prepare an owners’ equity statement is obtained from the partners’ capital and drawing accounts?

Objectives: SWBAT

  • Define accounting terms related to financial statements for a merchandising business organized as a partnership
  • Identify accounting concepts and practices related to financial statements for a merchandising business organized as a partnership
  • Prepare an income statement for a merchandising business organized as a partnership
  • Analyze an income statement for a merchandising business organized as a partnership
  • Prepare a distribution of net income statement and an owner’s’ equity statement merchandising business organized as a partnership
  • Prepare a balance sheet for merchandising business organized as a partnership

Accounting Cycle- Merchandise Business

  1. LES_16-1
  2. LES_16-2
  3. LES_16-3
  4. LES_16-4

Chapter 17

Accounting Cycle- Merchandise Business