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After completing Lesson 1-1, you will be able to:
- 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.
Chapter 1 Folder
- Inside of your Part 1 folder, create a new folder titled Chapter 1. All your tasks completed in Chapter 1 should be stored in this folder.
Notes 1-1
- Obtain a Notes 1-1 handout from your instructor and record your notes through the presentation. You can also view the presentation here.
Working Together 1-1
- Make a copy of this spreadsheet.
- Place this file in your Chapter 1 folder.
- Rename the file to Lesson 1-1-(Your Intials)
- Complete the spreadsheet according to the directions on page 9 of your textbook.
On Your Own 1-1
- Using your Lesson 1-1 spreadsheet, click on the On Your Own 1-1 sheet at the bottom left, and complete the problem as directed on page 9 of your textbook.
Self-Assessment 1-1
- Complete this self-assessment for Lesson 1-1. You can use your textbook and notes to complete this assessment.
Lesson 1-1 Assignment
- Using your Lesson 1-1 spreadsheet, click on the Application Problem 1-1 sheet at the bottom left, and complete the problem as directed on page 19 of your textbook.
