Monday, November 16, 2015

Dear Class:

We are more than halfway through the semester and on pace for completing work for dealing with a Sole Proprietorship in a Service Industry.

Chapter 5 deals with checks and reconciling funds in your checking accounts with banks.  We did the first part, 5-1 Work Together (WT) and 5-1 On Your Own (OYO).  We also did 5-2 WT and OYO.  We also did 5-3 dealing with Recording dishonored checks, electronic funds transfers, and debit card purchases and then 5-4 dealing with Establishing and replenishing a petty cash fund.  We will end with Application Problems 5-1 and 5-2.

Chapter 5  First Part

Chapter 5 2nd Try again

Today, we will finish Study Guide for Chapter 5.  The chapter was about checking, endorsements, and petty cash...pretty simple stuff indeed!!!!

I will hand out Study Guide 6 and have you read ahead...Answer the multiple choice/analyzing--accounting practices, preparation of a trial balance, and adjustments and extending account balances (pp 117-120).

We will continue the process last period and do 6-1 and 6-2 on your own.  Remember, the trial balance is made up of all the components of the accounting equation.  


Chapter 5

Chapter 6

Whole Book Link

Sincerely,
Mr. Green-Hite