After completing Lesson 3-1, you will be able to:
- Define accounting terms related to journalizing transactions.
- Identify accounting concepts and practices related to journalizing transactions.
- Record transactions to set up a business in a general journal.
Chapter 3 Folder
- Inside of your Part 1 folder, create a new folder titled Chapter 3. All your tasks completed in Chapter 3 should be stored in this folder.
Notes 3-1
- Obtain a Notes 3-1 handout from your instructor and record your notes through the presentation. You can also view the presentation here.
Working Together 3-1
- Make a copy of this spreadsheet.
- Place this file in your Chapter 3 folder.
- Rename the file to Lesson 3-1-(Your Initials)
- Complete the spreadsheet according to the directions on page 62 of your textbook.
On Your Own 3-1
- Using your Lesson 3-1, complete the spreadsheet according to the directions on page 62 of your textbook.
Self-Assessment 3-1
- Complete this self-assessment for Lesson 3-1. You can use your textbook and notes to complete this assessment.
Lesson 3-1 Assignment
- Using your Lesson 3-1 spreadsheet, click on the Application Problem 3-1 sheet at the bottom left, and complete the problem as directed on page 79 of your textbook.