REVIEW:

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

  • Define and identify revenue and expense accounts

RIGHT NOW:

  1. Read the top of page 21–ACCOUNTING IN YOUR FUTURE
  2. Open your textbook to page 21 & listen to this first video about learning objective 3, define and identify revenue and expense accounts, as you follow along in your textbook
  3. Log in to your Cengage Now account
  4. Click ASSIGNMENTS
  5. Complete the Chapter 1 Learning Objective 3 Assignments
  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 3. Define and identify revenue and expense accounts.
    1. eBook – 1.3: Revenue and Expense Accounts — Read & study it
    2. Show Me How: Define and identify revenue and expense accounts. — Watch it
    3. SHOW ME WHEN YOU ARE DONE
  10. In an email message to me, explain what types of revenue & expense accounts you might have if you owned your own bowling alley.