FINISH:

  • In-Class Exercise: Complete Problem P3-14A, P3-14B–USE EXCEL TO DO THIS–SHOW ME WHEN YOU ARE DONE
  • In-Class Exercise: Complete Problem P3-15A, P3-15B–SHOW ME WHEN YOU ARE DONE

EXTRA CREDIT OPPORTUNITY: Develop an idea for a service business and prepare a list of assets, liabilities, revenues, and expenses. If similar businesses exist in your community, students can interview the owner or manager to identify the types of accounts used.