REVIEW:

  1. Play this Kahoot! to review learning objective 1, define and identify asset, liability, and owner’s equity accounts

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

  • Record, in column form, a group of business transactions involving changes in assets, liabilities, and owner’s equity

RIGHT NOW:

  1. Open your textbook to page 16 & listen to this first video about learning objective 2, how to analyze transactions, as you follow along in your textbook
  2. Turn in your textbook to page 19 & listen to this learning objective 2 video about analyzing transactions as you follow along
  3. Log in to your Cengage Now account
  4. Click ASSIGNMENTS
  5. Complete the Chapter 1 Learning Objective 2 Assignment
  6. Click STUDY TOOLS
  7. Click ADAPTIVE STUDY PLAN
  8. Next to Chapter 1 – Asset, Liability, Owner’s Equity, Revenue, and Expense Accounts click RESUME STUDYING
  9. Click 2. Record, in column form, a group of business transactions involving changes in assets, liabilities, and owner’s equity and complete the following:
    1. eBook – 1.2: Recording Business Transactions — Read & study it as a review
    2. Show Me How: Record, in column form, a group of business transactions involving changes in assets, liabilities, and owner’s equity. — Watch it
    3. Practice! — Do it
    4. Practice! — Do it
    5. Practice! — Do it
    6. SHOW ME WHEN YOU ARE DONE
  10. In an email message to me, explain what types of liability accounts you might have if you owned your own bowling alley.