Accounting & Finance I Assignments (subject to change)
- Accounting & Finance 1 Assignments
- Google Classroom
- Text Book
- Workplace Readiness Prep
- Syllabus
- Old Youtube Videos 1
- Youtube Videos 2
- Youtube Videos 3
Feb 2
Chapter 9: Accounting for Purchases and Cash Payments
- Learning Objectives After studying Chapter 9, in addition to defining key terms, you will be able to:
- LO1 Distinguish among service, retail merchandising, and wholesale merchandising businesses.
- LO2 Identify differences between a sole proprietorship and a corporation.
- LO3 Explain the relationship between a subsidiary ledger and a controlling account.
- LO4 Describe accounting procedures used in ordering merchandise.
- LO5 Discuss the purpose of a special journal.
- LO6 Journalize purchases of merchandise on account using a purchases journal.
- LO7 Post merchandise purchases to an accounts payable ledger and a general ledger.
- LO8 Record cash payments using a cash payments journal.
- LO9 Record replenishment of a petty cash fund. LO10 Post cash payments to an accounts payable ledger and a general ledger.
- Submit the following separate from each other
- Study Guide
Jan 31
Chapter 8 Test
- Learning Objectives After studying Chapter 8, in addition to defining key terms, you will be able to:
- LO1 Journalize and post closing entries for a service business organized as a proprietorship.
- LO2 Prepare a post-closing trial balance.
Jan 27
DUE: Reinforcement 1B:
- Objective: Review the second half of the accounting cycle.
Jan 24
Reinforcement 1B:
- Objective: Review the second half of the accounting cycle.
- Use Part A to complete Part B: Video Explanation
- Complete test at end of reinforcement.
- To submit, staple Part A on top of Part B. Do not staple the test.
Jan 17
Chapter 8: Recording Closing Entries and Preparing a Post-Closing Trial Balance for a Service Business
- Learning Objectives After studying Chapter 8, in addition to defining key terms, you will be able to:
- LO1 Journalize and post closing entries for a service business organized as a proprietorship.
- LO2 Prepare a post-closing trial balance.
- Recycling Problem
Jan 5
Chapter 8: Recording Closing Entries and Preparing a Post-Closing Trial Balance for a Service Business
- Learning Objectives After studying Chapter 8, in addition to defining key terms, you will be able to:
- LO1 Journalize and post closing entries for a service business organized as a proprietorship.
- LO2 Prepare a post-closing trial balance.
- Study Guide
- As a class
- Work Together 1 p222: Demonstration video
- Work Together 2 p230: Demonstration video
- On Your Own p222, p230 Show me this to get credit.
- Problems
- Problems 1, 2, M, C
- Submit Problems 1, 2 and M together; C alone.
Dec 14
Chapter 7: Financial Statements for a Proprietorship
- Learning Objectives After studying Chapter 7, in addition to defining key terms, you will be able to:
- LO1 Prepare an income statement for a service business.
- LO2 Calculate and analyze financial ratios using income statement amounts.
- LO3 Prepare a balance sheet for a service business organized as a proprietorship.
- As a class
- 1 Together Video
- 2 Together Video
- 1 On your own
- 2 On your own
- Problems
- Study Guide
- Problems 1-2, M, C
- Submit 1, 2 and M together, C
- Recycling (Optional-some Extra Credit)
Dec 14
DUE: Chapter 6: Recycling Problem
Dec 13
Chapter 6: Recycling Problem
- Objective: Use correct procedures to plan adjustments and prepare a worksheet for a service business
Nov 30
Chapter 6: Work Sheet and Adjusting Entries for a Service
- Learning Objectives After studying Chapter 6, in addition to defining key terms, you will be able to:
- LO1 Prepare the heading of a work sheet.
- LO2 Prepare the trial balance section of a work sheet.
- LO3 Analyze and explain the adjustments for supplies and prepaid insurance.
- LO4 Complete the Adjustments columns of a work sheet.
- LO5 Prepare the Balance Sheet and Income Statement columns of a work sheet.
- LO6 Total and rule the work sheet.
- LO7 Apply the steps for finding errors on a work sheet.
- LO8 Journalize and post the adjusting entries for supplies and prepaid insurance.
- As a class
- Work Together Problems 1-4
- Explanation video 1: Trial Balance and Adjustments
- Explanation video 2: Income Statement and Balance sheet columns
- Explanation video 3: Net income and ruling
- Explanation video 4: Work Together Problem 4
- On Your Own Problems 1-4 (Show me for credit)
- Work Together Problems 1-4
- Problems 1-4, M, C
- Submit Problems 1-3. These will be checked in class and returned.
- Submit Problem 1-3, 4 and M
- Submit Problem C
Nov 29
DUE: Reinforcement 1 A
Nov 15
Reinforcement 1 A
- Objective: Review the first half of the accounting cycle.
DUE: Chapter 5
Nov 11
Chapter 5: Recycling Problem (SKIPPED IN 2022-2023)
- Objective: Understand the process to reconcile a bank statement
Nov 3
Test Chapter 4 Recycling Problem
Nov 2
Quarter 2 Pretest
- Reinforcement 1 A and B Test
Nov 1
Chapter 5
- Learning Objectives After studying Chapter 5, in addition to defining key terms, you will be able to:
- LO1 Record a deposit on a check stub.
- LO2 Endorse checks using blank, special, and restrictive endorsements.
- LO3 Prepare a check stub and a check. LO4 Complete a bank statement reconciliation.
- LO5 Record and journalize a bank service charge.
- LO6 Complete recordkeeping for a dishonored check.
- LO7 Journalize an electronic funds transfer.
- LO8 Journalize a debit card transaction.
- LO9 Establish a petty cash fund.
- LO10 Prepare a petty cash report.
- LO11 Replenish a petty cash fund.
- Study Guide
- As a class
- Problems
- Problem 1
- Problems 2-3
- Problem 4, M, C
Oct 31
DUE: Quarter 1 Final: Chapter 4 Test
- Objective: Journalize and post transactions from the general journal to the general ledger
Oct 26
Quarter 1 Final: Chapter 4 Test
- Objective: Journalize and post transactions from the general journal to the general ledger
Oct (SKIPPED 2022-2023)
DUE: Chapter 4 Recycling Problem
- Objective: Journalize and post transactions from the general journal to the general ledger
Oct (SKIPPED 2022-2023)
Chapter 4 Recycling Problem
- Objective: Journalize and post transactions from the general journal to the general ledger
Oct 11
Chapter 4
- Learning Objectives After studying Chapter 4, in addition to defining key terms, you will be able to:
- LO1 Construct a chart of accounts for a service business organized as a proprietorship.
- LO2 Demonstrate correct principles for numbering accounts.
- LO3 Apply file maintenance principles to update a chart of accounts.
- LO4 Complete the steps necessary to open general ledger accounts.
- LO5 Post amounts from the General Debit and General Credit columns of a journal.
- LO6 Post column totals from a journal to ledger accounts.
- LO7 Analyze incorrect journal entries and prepare correcting entries.
- LO8 Demonstrate how to correct errors made during the posting process.
- Study Guide
- As a class
- Problems
- 1-3, M, S, C p117-119
- Submit Problems 1-3 together,
- Problems 4, M, S together,
- Submit C
- Recycling Problem
Oct SKIPPED 2022-2023
Test Chapter 3
- Objective: Record accounting transactions in a general journal.
- DUE: OCTOBER 12
Oct 10
DUE: Recycling Problem 3
Oct 7
DUE: Chapter 3 Problems
Recycling Problem 3
Sep 16
DUE: Recycling Problem 2
Chapter 3: Record accounting transactions in a general journal.
- Learning Objectives After studying Chapter 3, in addition to defining key terms, you will be able to:
- LO1 Define what a journal is and explain why it is used to record transactions.
- LO2 Compare and contrast different types of source documents.
- LO3 Identify the four parts of a journal entry.
- LO4 Analyze and record cash transactions using source documents.
- LO5 Analyze and record transactions for buying and paying on account.
- LO6 Analyze and record transactions that affect owner’s equity.
- LO7 Analyze and record sales and receipt of cash on account.
- LO8 Prove and rule a journal.
- LO9 Demonstrate how to prove cash.
- LO10 Identify and correct errors using standard accounting practices.
- Problems
- Study Guide
- As a class
- Work Together problems 1-4
- On Your Own problems 1-4
- Application Problems 1-4.2, M, S, C
- Submit
- 1-4.1
- 4.2, M, S
- C
Sep 6
Chapter 2
- LO1 Show the relationship between the accounting equation and a T account.
- LO2 Identify the debit and credit side, the increase and decrease side, and the balance side of various accounts.
- LO3 Restate and apply the two rules that are associated with the increase side of an account.
- LO4 Restate and apply the four questions necessary to analyze transactions for starting a business into debit and credit parts.
- LO5 Analyze transactions for operating a business into debit and credit parts.Objective: Analyze how transactions affect the accounting equation
- Problems
- Study Guide
- Work Together 2-3
- On Your Own 2-3
- Application Problems 2-3, M, C
- Submit 2 by itself, 3 and M together and C by itself
Sep 1
DUE: Chapter 2 Recycling Problem
Aug 30
Quiz: Accounting T
Q1 Pretest Chapter 4 Test
DUE Chapter 1
- Only submit Probelms M and C
Chapter 2 Recycling Problem
Aug 24-26
Chapter 1: Analyze how transactions affect the accounting equation
-
LEARNING OBJECTIVES After studying Chapter 1, in addition to defining key terms, you will be able to:
- LO1 Describe the different users of accounting information.
- LO2 Prepare a net worth statement and explain its purpose.
- LO3 Classify accounts as assets, liabilities, or owner’s equity and demonstrate their relationship in the accounting equation.
- LO4 Analyze the effects of transactions on the accounting equation.
- LO5 Distinguish between cash and on account transactions.
- LO6 Compare and contrast the types of transactions that increase and decrease owner’s equity.
- LO7 Explain the difference between expenses and liabilities.
- Study Guide
- Problems
- Work Together 1, 2, 3
- On Your Own 2, 3
- 1-4, M, C
- Video: Help With Problem 1 and some totals
Aug 23
Accounting T notes for Quiz next week
Aug 22
Course requirements/expectations
- Syllabus: parents must reply to the email to respinola@hcsdnv.com for verification of syllabus.
Student Syllabus Verification
- Complete in Google Classroom
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