GOAL: Before you leave class today you will be able to:
- Recognize the effect of errors on account balances
- Open your textbook to page 71 & listen to this video about learning objective 7, errors exposed by the trial balance
- 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.
- Turn to page 84 and do Exercises 2-7 & 2-8–get the handout from your teacher to complete it.
- 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.
- EXTRA CREDIT: Start Here Go Places Scavenger Hunt