Monday March 19, 2012

The Accounting Equation (pages 6-9)
Complete the Chapter 1-1 Notes. Use the PowerPoint provided for you on my website. (Use the link above). Save your notes in your binder. When you are done, complete:

1. On Your Own 1-1 (working papers)
2. Application Problem 1-1 (online)

Learning Objectives:

• Define accounting terms related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.
• Identify accounting concepts and practices related to starting a service business organized as a proprietorship and to changes that affect the accounting equation.