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