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| Course Description: |
| Accounting I is designed to provide a thorough background in the basic accounting procedures used to operate three different types of businesses--proprietorships, partnerships, and corporations. Each type of business is presented in a complete accounting cycle covering analyzing transactions, journalizing, posting, petty cash, financial statements, and adjusting and closing entries. Automated Accounting sections conclude every chapter and provide hands-on computer training using Automated Accounting software. The accounting procedures presented will serve as a sound background for employment in office jobs and preparation for studying business courses in college. |
| Assignments |
| Week of January 28-February 1 |
Monday, January 29
- Challenge Q #: Finish Challenge Problem 11-4
- Review recording transactions in the Sales and Cash Receipts Journal
- Prove Cash
- Handouts: None
- Instruction: Review for test
- Assignments:
- Challenge Problem 11-4
- Chapter 11 Study Guide
- TEST TOMORROW!
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| Week of January 21-25 |
Tuesday, January 22
- Challenge Q #9: What are the journals we know and what types of transactions are recorded in each?
- Review recording transactions in the Purchases, Cash Payments, and General Journal using Automated accounting software
- Handouts: None
- Instruction: Review using automated and demonstrate using the different journals to record transactions.
- Assignments:
- 10-5 Mastery Problem - Teams using Automated accounting software.
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Wednesday, January 23
- Challenge Q #: Finish Mastery Problem 10-5 - Automated - Print the three journal pages and turn in.
- Review recording transactions in the Purchases, Cash Payments, and General Journal using Automated accounting software
- Journalize sales on account in the Sales Journal
- Handouts: None
- Instruction: Cover lesson 11-1
- Assignments:
- Finish 10-5 Mastery Problem - Teams using Automated accounting software.
- 11-1 Work Together and On Your Own
- Application Problem 11-1
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Thursday, January 24
- Challenge Q #: Finish Mastery Problem 10-5 - Automated - Print the three journal pages and turn in.
- Review recording transactions in the Purchases, Cash Payments, and General Journal using Automated accounting software
- Journalize cash receipts using the Cash Receipts Journal
- Handouts: None
- Instruction: Cover lesson 11-2
- Assignments:
- Finish 10-5 Mastery Problem - Teams using Automated accounting software.
- 11-2 Work Together and On Your Own
- Application Problem 11-2, 11-3
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Friday, January 25
- Challenge Q #: Finish Mastery Problem 10-5 - Automated - Print the three journal pages and turn in.
- Review recording transactions in the Purchases, Cash Payments, and General Journal using Automated accounting software
- Journalize cash receipts using the Cash Receipts Journal
- Journalize transactions in the Sales Journal
- Handouts: None
- Instruction: Review
- Assignments:
- Application Problem 11-3
- Challenge Problem 11-4 (Automated or by hand)
- Cahpter 11 Study Guide
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| Week of January 7-11 |
Monday, January 7
- Challenge Q #6: What would be the advantages of having a partnership over a sole proprietorship?
- Define accounting terms and concepts related to purchases for a merchandising business
- Journalize purchases of merchandise using a purchases journal
- Handouts: None
- Instruction: Cover Lesson 10-1
- Assignments:
- 10-1 Work Together and On Your Own
- Application Problem 10-1
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Tuesday, January 8
- Challenge Q #7: What kinds of transactions are recorded in the purchases journal?
- Define accounting terms and concepts related to purchases for a merchandising business
- Journalize transactions in the cash payments journal
- Handouts: None
- Instruction: Cover Lesson 10-2-10-3
- Assignments:
- 10-2 and 10-3 Work Together and On Your Own
- Application Problem 10-2 and 10-3
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Tuesday, January 9
- Challenge Q #8: What is the difference between purchasing merchandise and purchasing supplies?
- Define accounting terms and concepts related to purchases for a merchandising business
- Journalize transactions in the general journal.
- Handouts: None
- Instruction: Cover Lesson 10-4
- Assignments:
- 10-4 Work Together and On Your Own
- Application Problem 10-2, 10-3, and 10-4
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| Week of December 17-21 |
Monday, December 17
- Challenge Q #5: What are the steps in the accounting cycle?
- Define accounting terms and concepts related to adjusting and closing entries for a service business organized as a proprietorship
- Journalize and post adjusting and closing entries
- Create a post-closing trial balance
- Handouts: None
- Instruction: Review
- Assignments:
- TEST TOMORROW!
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Tuesday, December 18
- Challenge: Study for test
- Define accounting terms and concepts related to adjusting and closing entries for a service business organized as a proprietorship
- Journalize and post adjusting and closing entries
- Create a post-closing trial balance
- Handouts: None
- Instruction: None
- Assignments:
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Wednesday, December 19
- Challenge: Get handouts on the table and open automated accounting.
- Use automated accounting to complete an accounting cycle for a service business organized as a proprietorship.
- Handouts: Foreign Exhcnage Translation Service Simulation
- Instruction: Go over the first few transactions using the automated software with students
- Assignments:
- Foreign Exchange Translation Service Automated Simulation
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Thursday, December 20
- Use automated accounting to complete an accounting cycle for a service business organized as a proprietorship.
- Handouts: Foreign Exhcnage Translation Service Simulation
- Instruction: Go over the first few transactions using the automated software with students
- Assignments:
- Foreign Exchange Translation Service Automated Simulation
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Friday, December 21
- Use automated accounting to complete an accounting cycle for a service business organized as a proprietorship.
- Handouts: Foreign Exhcnage Translation Service Simulation
- Instruction: Go over the first few transactions using the automated software with students
- Assignments:
- Foreign Exchange Translation Service Automated Simulation
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| Week of December 10-14 |
Monday, December 10
- Challenge Q #1: What are the adjusting entries for a service business?
- Define accounting terms and concepts related to adjusting and closing entries for a service business organized as a proprietorship
- Journalize and post adjusting and closing entries
- Handouts: None
- Instruction: Cover lesson 9-1 and 9-2
- Assignments:
- 9-1 and 9-2Work Together and On Your Own
- Application Problem 9-1 and 9-2
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Tuesday, December 11
- Challenge Q #2: What are the four closing entries?
- Define accounting terms and concepts related to adjusting and closing entries for a service business organized as a proprietorship
- Journalize and post adjusting and closing entries
- Handouts: None
- Instruction: Review
- Assignments:
- 9-1 and 9-2Work Together and On Your Own
- Application Problem 9-1 and 9-2
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Wednesday, December 12
- Challenge Q #3: What are the real or permanent accounts?
- Define accounting terms and concepts related to adjusting and closing entries for a service business organized as a proprietorship
- Create the post-closing trial balance
- Handouts: None
- Instruction: Cover Lesson 9-3
- Assignments:
- 9-3 Work Together and On Your Own
- Application Problem 9-3
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Thursday, December 13
- Challenge Q #4: What are will appear on the post-closing trial balance?
- Define accounting terms and concepts related to adjusting and closing entries for a service business organized as a proprietorship
- Understand the steps in the accounting cycle
- Handouts: None
- Instruction: Cover the Accounting Cycle Steps
- Assignments:
- 9-3 Work Together and On Your Own
- Application Problem 9-3
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Friday, December 14
- Define accounting terms and concepts related to adjusting and closing entries for a service business organized as a proprietorship
- Understand the steps in the accounting cycle
- Handouts: None
- Instruction: Review
- Assignments:
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| Week of December 3-7 |
Monday, December 3
- Challenge Q #9: What information is included on the Income Statement?
- Define accounting terms and concepts related to financial statements for a service business organized as a proprietorship.
- Prepare an income statement and analyze using component percentages.
- Handouts: None
- Instruction: Cover lesson 8-1
- Assignments:
- 8-1 Work Together and On Your Own p. 180
- Application Problem 8-1 p. 187
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Tuesday, December 4
- Challenge Q #10: How do calculate the component percentages on an Income Statement?
- Define accounting terms and concepts related to financial statements for a service business organized as a proprietorship.
- Prepare a balance sheet
- Handouts: None
- Instruction: Cover lesson 8-2
- Assignments:
- 8-2 Work Together and On Your Own p. 188
- Application Problem 8-2 p. 187
- Mastery Problem 8-3 p. 188
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Wednesday, December 5
- Challenge Q #11: How do you find current capital for the Balance Sheet?
- Define accounting terms and concepts related to financial statements for a service business organized as a proprietorship.
- Prepare a balance sheet and income statement
- Handouts: None
- Instruction: Review
- Assignments:
- Mastery Problem 8-3 p. 188
- Challenge Problem 8-4 p. 188-189
- Chapter 8 Study Guide
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Thursday, December 6
- Challenge: Print challenge questions
- Define accounting terms and concepts related to financial statements for a service business organized as a proprietorship.
- Prepare a balance sheet and income statement
- Handouts: None
- Instruction: Review - Flash Cards PowerPoint Quiz
- Assignments:
- Recycling Problem 8-1 p. C-8
- Chapter 8 Study Guide
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Friday, December 7
- Challenge: Study for Test
- Define accounting terms and concepts related to financial statements for a service business organized as a proprietorship.
- Prepare a balance sheet and income statement
- Handouts: None
- Instruction: None
- Assignments:
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| Week of November 26-30 |
Monday, November 26
- Challenge Q #7: Answer Cases for Critical Thinking Question Case #1 p. 172.
- Complete a work sheet for a service business organized as a proprietorship
- Handouts: None
- Instruction: Review Work Sheets
- Assignments:
- Mastery Problem 7-5
- Challenge Problem 7-6
- Chapter 7 Study Guide
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Tuesday, November 27
- Complete a work sheet for a service business organized as a proprietorship
- Handouts: None
- Instruction: Review Work Sheets
- Assignments:
- Mastery Problem 7-5
- Challenge Problem 7-6
- Chapter 7 Study Guide
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Wednesday, November 28
- Challenge Q #8: What three accounts usually have a zero balance on the Trial Balance of the work sheet?
- Complete a work sheet for a service business organized as a proprietorship
- Handouts: None
- Instruction: Review Work Sheets
- Assignments:
- Recycling Problem 7-1
- Chapter 7 Study Guide
TEST TOMORROW!
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Thursday, November 29
- Challenge Q : Study for test
- Complete a work sheet for a service business organized as a proprietorship
- Handouts: None
- Instruction: none
- Assignments:
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Friday, November 30
- Complete a work sheet for a service business organized as a proprietorship
- Handouts: None
- Instruction: none
- Assignments:
- Make-up work or Chapter Crossword Puzzles
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| Week of November 19-23 |
Monday, November 19
- Challenge Q #5: What accounts are extended to the Income Statement columns of the work sheet?
- Identify selected procedures for finding and correcting errors in accounting records.
- Handouts: None
- Instruction: Lesson 7-4
- Assignments:
- 7-4 Work Together and On Your Own
- Application Problem 7-4
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Tuesday, November 20
- Challenge Q #6: What is one way to check for an error caused by transposed numbers?
- Identify selected procedures for finding and correcting errors in accounting records.
- Handouts: None
- Instruction: Review
- Assignments:
- Application Problem 7-4
- Mastery Problem 7-5
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| Week of November 12-16 |
Monday, November 12
- Challenge: Open automated accounting and continue working on Reinforcement Problem 1A
- Complete transacations and a bank reconciliation for a service business organized as a proprietorship using automated accoutning software
- Handouts: None
- Instruction: Evaluate
- Assignments:
- Reinforcement Activity 1A
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Tuesday, November 13
- Challenge: Open automated accounting and continue working on Reinforcement Problem 1A - Finish during Channel 1
- Define accounting terms and concepts related to a work sheet for a service business organized as a proprietorship
- Prepare a heading and a trial balance on a work sheet
- Handouts: None
- Instruction: Cover Lesson 7-1
- Assignments:
- 7-1 Work Together and On Your Own
- Application Problem 7-1
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Wednesday, November 14
- Challenge Q #2: What is included in the Trial Balance, and what is its purpose?
- Define accounting terms and concepts related to a work sheet for a service business organized as a proprietorship
- Plan adjustments for supplies and prepaid insurance
- Handouts: None
- Instruction: Cover Lesson 7-2
- Assignments:
- 7-2 and 7-3 Work Together and On Your Own
- Application Problem 7-2-7-3
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Thursday, November 15
- Challenge Q #3: How do you determine net income on a work sheet?
- Define accounting terms and concepts related to a work sheet for a service business organized as a proprietorship
- Complete a work sheet
- Handouts: None
- Instruction: Review
- Assignments:
- Finish 7-1, 7-2, 7-3 On Your Own and Application Problems
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Friday, November 16
- Challenge Q #4: In what columns to you record the net income on the work sheet?
- Define accounting terms and concepts related to a work sheet for a service business organized as a proprietorship
- Complete a work sheet
- Handouts: None
- Instruction: Cover Lesson 7-4
- Assignments:
- 7-4 Work Together and On Your Own
- Application Problem 7-4
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| Week of November 5-9 |
Monday, November 5
- Challenge Q #9: List 5 reasons a bank may dishonor a check.
- Define accounting terms and concepts related to using a petty cash fund
- Establish and replenish a petty cash fund.
- Handouts: None
- Instruction: Cover Section 6-4
- Assignments:
- 6-4 Work Together and On Your Own
- Application Problem 6-4
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Tuesday, November 6
- Challenge Q #10: Why do businesses use petty cash funds? PRINT QUESTIONS!
- Define accounting terms and concepts related to using a checking account and petty cash funds
- Establish and replenish a petty cash fund.
- Handouts: None
- Instruction: Review
- Assignments:
- Mastery Problem 6-5
- Challenge Problem 6-6
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Wednesday, November 7
- Challenge Q #1: When recording a dishonored check, what is debited and what is credited?
- Define accounting terms and concepts related to using a checking account and petty cash funds
- Establish and replenish a petty cash fund.
- Reconcile a bank statement
- Handouts: None
- Instruction: Review - Flash Cards, Review Game
- Assignments:
- TEST TOMORROW!
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Thursday, November 8
- Challenge: Study for Test
- Define accounting terms and concepts related to using a checking account and petty cash funds
- Establish and replenish a petty cash fund.
- Reconcile a bank statement
- Handouts: None
- Instruction: None
- Assignments:
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Friday, November 9
- Challenge: Open book to page 145
- Define accounting terms and concepts related to using a checking account and petty cash funds
- Establish and replenish a petty cash fund.
- Reconcile a bank statement
- Handouts: None
- Instruction: None
- Assignments:
- Reinforcement Activity 1 Part A, p. 145-147 - Automated version
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| Week of October 29-November 2 |
Monday, October 29
Teacher Inservice Day |
Tuesday, October 30
- Define accounting terms and concepts related to using a checking account
- Prepare business papers related to using a checking account
- Reconcile a bank statement
- Handouts: None
- Instruction:
- Assignments:
- Finish 6-1 Work Together and On Your Own and Application Problem 6-1
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Wednesday, October 31
- Challenge: Challenge Question #7 - What are the three types of endorsements? Briefly explain each.
- Define accounting terms and concepts related to using a checking account
- Prepare business papers related to using a checking account
- Reconcile a bank statement
- Handouts: None
- Instruction: Read Lesson 6-2 (Sub)
- Assignments:
- 6-2 Audit Your Understanding Questions p. 129 in Word.
- 6-2 Work Together and On Your Own and Application Problem 6-2
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Thursday, November 1
- Challenge: Review/ Catch up
- Define accounting terms and concepts related to using a checking account
- Prepare business papers related to using a checking account
- Reconcile a bank statement
- Handouts: None
- Instruction: Review Bank Reconciliation
- Assignments:
- Turn in 6-2 Work Together and On Your Own
- Turn in Application Problem 6-2
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Friday, November 2
- Challenge: Challenge Question #8 - List steps to reconcile a bank statement.
- Define accounting terms and concepts related to using a checking account
- Prepare business papers related to using a checking account
- Reconcile a bank statement
- Handouts: None
- Instruction: Cover Lesson 6-3
- Assignments:
- 6-3 Work Together and On Your Own
- Application Problem 6-3
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| Week of October 22-26 |
Monday, October 22
- Challenge #5: What two amounts are compared when proving cash?
- Define accounting terms and concepts related to posting from a general journal to a general ledger
- Post from the general journal to the general ledger.
- Handouts: None
- Instruction: Review Chapter 5
- Assignments:
- Turn in Mastery Problem 5-4
- Chapter 5 Study Guide
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Tuesday, October 23
- Challenge: Be ready to define terms.
- Define accounting terms and concepts related to posting from a general journal to a general ledger
- Post from the general journal to the general ledger.
- Handouts: None
- Instruction: Review Chapter 5 (Flash Cards and Review Game)
- Assignments:
- Turn in Mastery Problem 5-4 - Deadline today!
- Chapter 5 Study Guide
- TEST TOMORROW!
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Wednesday, October 24
- Challenge: Study for test
- Define accounting terms and concepts related to posting from a general journal to a general ledger
- Post from the general journal to the general ledger.
- Handouts: None
- Instruction: None
- Assignments:
- Chapter 5 Test
- Complete Chapter 6 Terms Preview
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Thursday, October 25
- Challenge #6: What is the purpose for having a checking account?
- Define accounting terms and concepts related to using a checking account.
- Prepare business papers related to using a checking account.
- Handouts: None
- Instruction: Cover Section6-1
- Assignments:
- 6-1 Work Together and On Your Own p. 124
- Application Problem 6-1 p. 140
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Friday, October 26
TEACHER INSERVICE DAY! |
| Week of October 15-19 |
Monday, October 15
- Challenge #1: What is a chart of accounts?
- Define accounting terms and concepts related to posting from a general journal to a general ledger
- Handouts: None
- Instruction: Cover Section 5-1
- Assignments:
- 5-1 Work Together and On Your Own p. 100
- Application Problem 5-1 p. 113
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Tuesday, October 16
- Challenge #2: What are the two parts of an account number?
- Define accounting terms and concepts related to posting from a general journal to a general ledger
- Create Chart of Accounts
- Post to the General Ledger
- Handouts: None
- Instruction: Cover Section 5-2
- Assignments:
- 5-1 Work Together and On Your Own p. 100
- 5-2 Work Together and On Your Own p. 105
- 5-3 Work Together and On Your Own p. 111
- Application Problems 5-1 and 5-2 p. 113
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Wednesday, October 17
- Challenge #3: What are the five steps for posting entries from the general journal to the general ledger accounts?
- Define accounting terms and concepts related to posting from a general journal to a general ledger
- Create Chart of Accounts
- Post to the General Ledger
- Handouts: None
- Instruction: Section 5-3
- Assignments:
- 5-3 Work Together and On Your Own p. 111
- 5-1 Work Together and On Your Own p. 100 - Due Today
- 5-2 Work Together and On Your Own p. 105 - Due Today
- Application Problems 5-1, 5-2, and 5-3 p. 113
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Thursday, October 18
No class - Drug Free Assembly |
Friday, October 19
- Challenge #4: When would you need to create a correcting entry?
- Define accounting terms and concepts related to posting from a general journal to a general ledger
- Create Chart of Accounts
- Post to the General Ledger
- Handouts: None
- Instruction: Review Chapter 5 Objectives
- Assignments:
- Application Problems 5-1, 5-2, and 5-3 p. 113
- Mastery Problem 5-4 by hand and Automated version.
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| Week of October 8-12 |
Monday, October 8
- Challenge #8: If an entire entry is incorrect and is discovered before the next entry is journalized, how should the incorrect entry by corrected?
- Define and identify accounting concepts and practices related to journalizing transactions
- Record transactions in a general journal
- Start a new journal page.
- Handouts: Chapter 4 Quiz
- Instruction: Quiz over account classifications and normal balance sides
- Assignments:
- Application Problems 4-1, 4-2, 4-3, 4-4 DUE TODAY
- Application Problem 4-5
- Mastery Problem 4-6
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Tuesday, October 9
- Challenge #9: Answer Cases for Critical Thinking Questions - Case 1 on p. 91
- Define and identify accounting concepts and practices related to journalizing transactions
- Record transactions in a general journal
- Start a new journal page.
- Handouts: NONE
- Instruction: Teams Tournament journalize transactions - Recycling Problem 4-1 p. c-4
- Assignments:
- Application Problem 4-5 - DUE Today
- Mastery Problem 4-6 - DUE Today
- Begin Chapter 4 Study Guide
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Wednesday, October 10
- Define and identify accounting concepts and practices related to journalizing transactions
- Record transactions in a general journal
- Start a new journal page.
- Handouts: NONE
- Instruction: Review using flashcards and go over Chapter 4 Study Guide
- Assignments:
- Complete Chapter 4 Study Guide
- TEST TOMORROW!
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Thursday, October 11
- Challenge #: Study for Test
- Define and identify accounting concepts and practices related to journalizing transactions
- Record transactions in a general journal
- Start a new journal page.
- Handouts: NONE
- Instruction: None
- Assignments:
- Complete Chapter 4 Test
- Define the terms for Chapter 5 Terms Preview p. 94 in Word
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Friday, October 12
- Challenge #: Print Challenge Questions #1-9.
- Use Automated Accounting Software to journalize transactions in a general journal.
- Handouts: NONE
- Instruction: Demonstrate how to use the Automated accounting software
- Assignments:
- Complete Mastery Problem 4-6 using the Automated Accounting software.
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| Week of October 1-5 |
Monday, October 1
- Challenge #5: Answer the Cases for Critical Thinking #1-2 62 .
- Define accounting terms and concepts related to analyzing transactions into debit and credit parts
- Analyze how transactions affect accounts
- Handouts: None
- Instruction: Teams complete Challenge Problem 3-6 p. 61
- Assignments:
- TEST TOMORROW!
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Tuesday, October 2
- Challenge : Study for Chapter 3 Test
- Evaluate knowledge of Chapter 3 Objectives
- Handouts: None
- Instruction: None
- Assignments:
- Chapter 3 Test
- Chapter 4 Terms Preview p. 64
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Wednesday, October 3
- Challenge : Finish Chapter 4 Terms Preview p. 64 and turn in.
- Define accounting terms and concepts related to journalizing transactions
- Record in a general journal transactions
- Handouts: None
- Instruction: Cover Sections 4-1 and 4-2
- Assignments:
- 4-1 Work Together and On Your Own p. 71
- 4-2 Work Together and On Your Own p. 75
- Application Problems 4-1 and 4-2 p. 87
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Thursday, October 4
- Challenge #6: List the four parts of a journal entry.
- Define accounting terms and concepts related to journalizing transactions
- Record in a general journal transactions that affect owner's equity and receiving cash on account.
- Handouts: None
- Instruction: Cover Section 4-3
- Assignments:
- Finish 4-1 and 4-2 Work Together and On Your Own
- Application Problems 4-1 and 4-2
- 4-3 Work Together and On Your Own
- Application Problem 4-3
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Friday, October 5
- Challenge #7: Which accounting concept states that there must be a source document for every transaction?
- Define accounting terms and concepts related to journalizing transactions
- Record in a general journal transactions that affect owner's equity and receiving cash on account.
- Start a new general journal page
- Handouts: None
- Instruction: Cover Section 4-4
- Assignments:
- 4-1, 4-2, 4-3, and 4-4 Work Together and Own Your Own - DUE TODAY
- Application Problems 4-1, 4-2, 4-3, and 4-4
- Application Problem 4-5
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