Day 43

After studying Chapter 6, you will be able to:

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

Notes 6-3

  1. Obtain a Notes 6-3 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 6-3

  1. Use your Lesson 6-1, 6-2, 6-3 spreadsheet to complete the Working Together 6-3 exercises
  2. Complete the spreadsheet according to the directions on page 166 or below.

On Your Own 6-3

  1. Use your Lesson 6-1, 6-2, 6-3 spreadsheet to complete the On Your Own 6-3 exercises
  2. Complete the spreadsheet according to the directions on page 166 or below.

Self-Assessment 6-3

  1. Complete this self-assessment for Lesson 6-3.  You can use your textbook and notes to complete this assessment. 

Application Problem 6-3

  1. Use your Lesson 6-1, 6-2, 6-3 spreadsheet to complete Application Problem 6-3.
  2. Complete the spreadsheet according to the directions on page 173 or below.