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

  • Review your knowledge of analyzing transactions


  1. Log in to your Cengage Now account
  2. Click STUDY TOOLS
  3. Click eBook
  4. Click Part 1: The Accounting Cycle for a Service Business: Analyzing Business Transactions
  5. Click Chapter 1: Asset, Liability, Owner’s Equity, Revenue, and Expense Accounts
  7. Scroll down and click 1-5 Chapter Review
  8. Read and do all of 1-5a Study and Practice
  9. Click the next arrow and review 1-5b Glossary
  10. Click the next arrow and do 1-5c Quiz Yourself
  11. Click the next arrow and answer the questions for 1-5d Chapter Assignments Discussion Questions in a Word Online file shared with me. Name the file YOUR NAME CHAPTER 1 DISCUSSION QUESTIONS (ex. SUE JONES CHAPTER 1 DISCUSSION QUESTIONS). Be sure to save it to your Accounting folder in your OneDrive online.