FINISH:

REVIEW:

GOAL: Before you leave class today you will be able to:

  • Record directly in T accounts a group of business transactions involving changes in asset, liability, owner’s equity, revenue, and expense accounts for a service business.

RIGHT NOW:

  1. Open your textbook to page 55 & listen to this first video about learning objective 4, recording business transactions in T accounts, as you follow along in your textbook
  2. Turn in your textbook to page 64 & listen to this second video about learning objective 4, recording business transactions in T accounts, as you follow along in your textbook
  3. Log in to your Cengage Now account
  4. Click ASSIGNMENTS
  5. Complete the Chapter 1 Objective 4 Assignment
  6. Click STUDY TOOLS
  7. Click ADAPTIVE STUDY PLAN
  8. Next to Chapter 2 – T Accounts, Debits and Credits, Trial Balance, and Financial Statements click RESUME STUDYING
  9. Click 4. Record directly in T accounts a group of business transactions involving changes in asset, liability, owner’s equity, revenue, and expense accounts for a service business.
    1.  eBook – 2.4: Recording Business Transactions in T Accounts — Review & study
    2. Show Me How: Record directly in T accounts a group of business transactions involving changes in asset, liability, owner’s equity, revenue, and expense accounts for a service business. — Watch it
    3. Practice! — Do it
    4. SHOW ME WHEN YOU ARE DONE
  10. In an email message to me, explain in your own words how you will remember the normal balance side for each type of account.

BEGIN:

REVIEW:

GOAL: Before you leave class today you will be able to:

  • Prepare a trial balance

RIGHT NOW:

  1. Open your textbook to page 67 & listen to this video about learning objective 5, the trail balance
  2. Read the “In the Real World” at the top of page 69
  3. Log in to your Cengage Now account
  4. Click ASSIGNMENTS
  5. Complete the Chapter 2 Objective 5 Assignment
  6. Click STUDY TOOLS
  7. Click ADAPTIVE STUDY PLAN
  8. Next to Chapter 2 – T Accounts, Debits and Credits, Trial Balance, and Financial Statements click RESUME STUDYING
  9. Click 5. Prepare a trial balance.
    1.  eBook – 2.5: The Trial Balance  — Review & study
    2. Show Me How: Prepare a trial balance.  — Watch it
    3. Practice! — Do it
    4. Practice! — Do it
    5. SHOW ME WHEN YOU ARE DONE
  10. In an email message to me, explain why it is important for an accountant to prepare a trial balance.