Day 41

After studying Chapter 6, you will be able to:

1. Define accounting terms related to a work sheet for a service business organized as a proprietorship.
2. Identify accounting concepts and practices related to a work sheet for a service business organized as a proprietorship.
3. Prepare a heading and a trial balance on a work sheet.
4. Plan adjustments for supplies and prepaid insurance.
5. Complete a work sheet for a service business organized as a proprietorship.
6. Identify selected procedures for finding and correcting errors in accounting records.

Chapter 6 Folder

1. Inside of your Part 1 folder, create a new folder titled Chapter 6.  All your tasks completed in Chapter 6 should be stored in this folder.

Notes 6-1

1. Obtain a Notes 6-1 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 6-1

1. Make a copy of this spreadsheet.
2. Place this file in your Chapter 6 folder.
3. Rename the file to Lesson 6-1-(Your Initials)
4. Complete the spreadsheet according to the directions on page 155 or below.

On Your Own 6-1

1. Use the work sheet given in your Working Papers. Work these problems independently as instructed on page 156 or below.

Self-Assessment 6-1

1. Complete this self-assessment for Lesson 6-1.  You can use your textbook and notes to complete this assessment.

Application Problem 6-1

1. Using your Lesson 6-1 spreadsheet, click on the Application Problem 6-1 sheet at the bottom left, and complete the problem as directed on page 172 or below.