Dear Class:
We are done with the Lesson 13 packet. One issue that needs to be clear is that Social Security and Medicare taxes are paid by both the employees and employers. 13-5 was done using the interactive spreadsheet that is posted on the Accounting website.
I will hand out Lesson 14 at the beginning of class. Lesson 14 deals with stocks; 3110-Capital Stock, 3120-Retained Earnings, 3130-Dividends, and 3140-Income Summary. We will deal with an 8-column worksheet for a merchandising business. This will be a hard Lesson so be prepared. Read ahead!
Sincerely,
Mr. Green-Hite
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