After completing Lesson 2-3, you will be able to:
- Identify accounting practices related to analyzing transactions into debit and credit parts.
- Use T accounts to analyze transactions showing which accounts are debited or credited for each transaction.
- Analyze how transactions affect owner’s equity accounts.
Notes 2-3
- Obtain a Notes 2-3 handout from your instructor and record your notes through the presentation. You can also view the presentation here.
Working Together 2-3
- Make a copy of this spreadsheet.
- Place this file in your Chapter 2 folder.
- Rename the file to Lesson 2-3-(Your Initials)
- Complete the spreadsheet according to the directions below.
On Your Own 2-3
- T accounts are given in the Working Papers in your Lesson 2-3 spreadsheet.
- Complete the spreadsheet according to the directions on page 44 in your textbook.
Self-Assessment 2-3
- Complete this self-assessment for Lesson 2-3. You can use your textbook and notes to complete this assessment.
Lesson 2-3 Assignment
- Complete Application Problem 2-3 by using your Lesson 2-3 spreadsheet and instructions on page 47 in your textbook.