You have today and the next 2 classes to finish this lesson plan. Take your time and LEARN!!!


Chapter 3

The Double-Entry Framework

Learning Objectives

  • LO1    Define the parts of a T account.
  • LO2    Foot and balance a T account.
  • LO3    Describe the effects of debits and credits on specific types of accounts.
  • LO4    Use T accounts to analyze transactions.
  • LO5    Prepare a trial balance and explain the purpose and link with the financial statements.


  1. FINISH:
  2. In-Class Exercise: Complete Exercise E3-3A, E3-3B –DO TOGETHER AS A REVIEW
  3. In-Class Exercise: Complete Exercise E3-5A, E3-5B (5–10 minutes each)–SHOW ME WHEN YOU ARE DONE
  4. Summary of Transactions (a) Through (o) (See Figure 3-21 page 66). MAKE NOTE OF HOW THEY DO ALL OF THE FOLLOWING:
    1. Total each side of every individual T Account.
    2. Write the totals (footings) in small numbers on each side of the T account.
    3. The balance is shown on the side with the larger footing.
    4. The footing serves as the balance for the accounts with entries on only one side of the account.
    5. If an account has only a single entry, it is not necessary to enter a footing or balance.
  5. In-Class Exercise: Complete Exercise E3-7A, E3-7B (10 minutes each)–SHOW ME WHEN YOU ARE DONE–KEEP THIS!!