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

  • Define and identify asset, liability, and owner’s equity accounts.

RIGHT NOW:

  1. Open your textbook to page 12 & listen to this intro to chapter 1 video as you follow along in your textbook
  2. Turn in your textbook to page 14 & listen to this learning objective 1 video about assets, liabilities, and owner’s equity as you follow along
  3. Log in to your Cengage Now account
  4. Click ASSIGNMENTS
  5. Complete the Chapter 1 Learning Objective 1 Exercises assignment
  6. Watch & do this video about how to use the Adaptive Study Plan in CengageNOW–remember to show me when you are done!
  7. In an email message to me, explain what types of asset accounts you might have if you owned your own bowling alley.