Day 49 (A)

CHAPTER 4

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

  • Define fiscal period and fiscal year and explain the accounting cycle
  • List the classifications of the accounts that occupy each column of a ten-column work sheet.

RIGHT NOW:

    1. Open your textbook to page 146 & listen to this intro video about chapter 4–Adjusting Entries and the Work Sheet
    2. Open your textbook to pages 147-148 & listen to this video about 4-1 Fiscal Period
    3. Go to page 168 and read and do Practice Exercise 1 at the bottom of the page. Cover the answer & check your work when you are done.
    4. Read the REMEMBER on page 148!!!
    5. Open your textbook to pages 148-149 & listen to this video about The Columns of the Work Sheet
    6. Go to page 169 in your textbook and do Practice Exercise 2–Get the handout from your teacher to complete it. Cover the solution and check your work when you are done.
    7. Go to page 179 in your textbook and do Exercise 4-1. Get the handout from your teacher. Check your work with the answer key.
    8. Go to page 180 in your textbook and do Exercise 4-2 on the back of Exercise 4-1. Check your work with the answer key.
    9. In an email message to me, explain the difference between a fiscal year and a fiscal period. Also, explain the purpose of completing a worksheet.