You have today and the next 2 classes to finish this chapter. Take your time and LEARN!!!

TURN IN THIS WORK FROM YESTERDAY, IF YOU HAVEN’T ALREADY:

In-Class Exercise: Complete Exercises E2-1A, E2-1B on pages 42 & 45 with a partner–we will check them together

Homework: Study Guide Review Questions 2, 3, 4, 5, 7 (in the Green Book on page SG 8); End of Chapter Review Question 1, 2 (in your textbook on page 42)

FOR THE FIRST 5 MINUTES OF CLASS DO THE FLASH CARDS TO REVIEW THE ACCOUNTING TERMS

Chapter 2

Analyzing Transactions: The Accounting Equation

 Learning Objectives

  • LO1    Define the accounting elements.
  • LO2    Construct the accounting equation.
  • LO3    Analyze business transactions.
  • LO4    Show the effects of business transactions on the accounting equation.
  • LO5    Prepare and describe the purposes of a simple income statement, statement of owner’s equity, and balance sheet.
  • LO6    Define the three basic phases of the accounting process.

LO2–WATCH THIS VIDEO

In-Class Exercise: Complete Exercises E2-2A, E2-2B on pages 42& 45 with a partner–we will check them together

In-Class Exercise: Complete Problems P2-8A, P2-8B on pages 44& 46 with a partner–we will check them together

Homework: Study Guide Review Questions 1, 6, 8, 9, 10; Study Guide Exercises 1, 4, 5; Study Guide Problem 12

LO3–WATCH THIS VIDEO

Homework:  End of Chapter Review Question 3