Day 28 (A)

REVIEW:

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

  • Recognize the effect of errors on account balances

RIGHT NOW:

  1. Open your textbook to page 71 & listen to this video about learning objective 7, errors exposed by the trial balance
  2. Turn to page 78 in your textbook. Read and do all of Learning Objective & Practice Exercise 7 without looking at the solution. Check your work when you are done with the solution.
  3. Turn to page 84 and do Exercises 2-7 & 2-8–get the handout from your teacher to complete it.
  4. In an email message to me, explain what you should look for if you discover there is an error at any point in preparing the financial statements.
  5. EXTRA CREDIT: Start Here Go Places Scavenger Hunt