Day 58 (A)

ONLY DO WHAT IS IN BOLD & ITALIC BELOW–TEST FOR CHAPTER 4 THIS FRIDAY

REVIEW:

  • Browse to zzi.sh and enter this code: gzr9675 then take the Accounting Chapter 4 Learning Objective 4 Quiz. Let me know how it goes.

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

  • Prepare an income statement, a statement of owner’s equity, and a balance sheet for a service business directly from the work sheet.

RIGHT NOW:

  1. CHECK JMC & GET CAUGHT UP
  2. Open your textbook to pages 164-168 & listen to this intro video about completion of the financial statements & how to make an income statement in Excel–OPEN YOUR CHAPTER 4 PRACTICE FILE & DO THE VIDEO–SHOW ME
  3. Watch, listen, & do this video about how to create a Statement of Owner’s Equity & a Balance Sheet in Excel–SHOW ME
  4. Watch this video about how to prepare an income statement involving more than one revenue account and a net loss, a statement of owner’s equity with an additional investment and either a net income or a net loss, a balance sheet for a business having more than one accumulated depreciation accountPAUSE THE VIDEO & SHOW ME WHEN INSTRUCTED TO DO SO IN THE VIDEO
  5. Log in to your Cengage Now account
  6. Click STUDY TOOLS
  7. Click ADAPTIVE STUDY PLAN
  8. Click to RESUME Chapter 4: Adjusting Entries and the Work Sheet
  9. In the section 5. Prepare an income statement, a statement of owner’s equity, and a balance sheet for a service business directly from the work sheet. Prepare (a) an income statement involving more than one revenue account and a net loss, (b) a statement of owner’s equity with an additional investment and either a net income or a net loss, and (c) a balance sheet for a business having more than one accumulated depreciation account click GET MORE HELP
    1. READ: eBook – 4.5: Completion of the Financial Statements
    2. WATCH: Show Me How: Prepare an income statement, a statement of owner’s equity, and a balance sheet for a service business directly from the work sheet.
    3. WATCH: Show Me How: Prepare an income statement involving more than one revenue account and a net loss.
    4. WATCH: Show Me How: Prepare a statement of owner’s equity with an additional investment and either a net income or a net loss.
    5. WATCH: Show Me How: Prepare a balance sheet for a business having more than one accumulated depreciation account.
    6. SHOW ME
  10. Click ASSIGNMENTS & do the Chapter 4 Learning Objective 5 Assignment
  11. DOWNLOAD THIS FILE to complete Problem 4-4A on page 185 in your textbook
  12. In an email message to me, explain how a company may have:
    1. a net loss
    2. more than 1 revenue account
    3. more than 1 depreciation account

REVIEW:

  • Browse to zzi.sh and enter this code: gzr9675 then take the Accounting Chapter 4 Learning Objective 5 Quiz. Let me know how it goes.

RIGHT NOW:

  1. Turn to page 168 in your textbook & quiz yourself by reading & doing pages 168 to 177
  2. Turn to page 177-178 and review the vocabulary terms
  3. Quiz yourself: page 178
  4. Page 179–Answer the Chapter Assignments Discussion Questions in a Word Online file shared with me. Name the file YOUR NAME CHAPTER 4 DISCUSSION QUESTIONS (ex. SUE JONES CHAPTER 3 DISCUSSION QUESTIONS). Be sure to save it to your Accounting folder in your OneDrive online.