Day 138

After studying Chapter 14, you will be able to:

• Define accounting terms related to distributing dividends and preparing a work sheet for a merchandising business.
• Identify accounting concepts and practices related to distributing dividends and preparing a work sheet for a merchandising business.
• Journalize the declaration and payment of a dividend.
• Begin a work sheet for a merchandising business.
• Plan work sheet adjustments for merchandise inventory, supplies, prepaid expenses, uncollectible accounts, and depreciation.
• Calculate federal income tax and plan the work sheet adjustment for federal income tax.
• Complete a work sheet for a merchandising business.

Chapter 14 Folder

1. Share your Chapter 14 folder with your teacher.  Your folder should include the following:
   • Lesson 14-1
   • Lesson 14-2,14-3,14-4,14-5,14-6
   • Mastery Problem 14-7
   • Challenge Problem 14-8

Chapter 14 Exam

1. Chapter 14 Exam (password required)

Assignment

1. Read Chapter 15