Day 3

After completing Lessons 1-2 and 1-3, 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.
  • ‘Analyze how transactions affect accounts in an accounting equation. 

Notes 1-2

  1. Obtain a Notes 1-2 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 1-2

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 1 folder.
  3. Rename the file to Lesson 1-2-(Your Initials)
  4. Complete the spreadsheet according to the directions on page 13 of your textbook.

On Your Own 1-2

  1. Using your Lesson 1-2 spreadsheet, click on the On Your Own 1-2 sheet at the bottom left, and complete the problem as directed on page 13 of your textbook.
  1.  

Self-Assessment 1-2

  1. Complete this self-assessment for Lesson 1-2.  You can use your textbook and notes to complete this assessment.  

Lesson 1-2 Assignment

  1. Using your Lesson 1-2 spreadsheet, click on the Application Problem 1-2 sheet at the bottom left, and complete the problem as directed on page 19-20 in your textbook.

Notes 1-3

  1. Obtain a Notes 1-3 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 1-3

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 1 folder.
  3. Rename the file to Lesson 1-3-(Your Initials)
  4. Complete the spreadsheet according to the directions on page 17 of your textbook.

On Your Own 1-3

  1. Using your Lesson 1-3 spreadsheet, click on the On Your Own 1-3 sheet at the bottom left, and complete the problem as directed on page 17 of your textbook.

Self-Assessment 1-3

  1. Complete this self-assessment for Lesson 1-3.  You can use your textbook and notes to complete this assessment.  

Lesson 1-3 Assignment

  1. Using your Lesson 1-3 spreadsheet, click on the Application Problem 1-3 sheet at the bottom left, and complete the problem as directed on page 20-21 in your textbook.