Chapter Two - The Recording Process - Tues.

Feb 4 Objectives:

How an account helps in the recording process How debits and credits are used in the recording process The basic steps of the recording process Explain what a journal is and how to record transactions Explain the ledger and posting Explain the trial balance and its purpose

Day One - The Rules or Debit and Credit 1. 2. 2. 1. 2. 2. With the students read No such thing as a perfect world. e!iew the rules for debit and credit using the following accounts "ssets #iabilities $wner%s &apital $wner%s 'rawings e!enues Expenses ead "ccounting in "ction ( )age *+

Explain to students how there are different accounts needed for different co,panies.

3. 3.

3.

-tudents will record fig. 2(. into their noteboo/s 0Nor,al "ccount 1alances2.

4. ( ( (

-tudents will co,plete the following exercises: 1E3 to 1E4 0)age .32 E3 and 2 and 4 0)age .22 )2 (3" 0)age .*2

Day Two - The !ournal" #ed - Feb $.

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3.

e!iew with the students the first three steps of the accounting c5cle 6dentif5 the transaction ecord the journal entr5 )ost to the #edger 1. 2. e!iew the journal 0)age 78 and 732 and an exa,ple of the process using 'o 6t9 on page 72. 2. 3. 4. :o o!er powerpoint and website tutorial for the journal.. 4. 5. &o,plete text E2(;9 2(*9 and 2(7.

D%& ' - T() *)D+)R - Thurs. Feb , 1. 1. 5. 4. e!iew the #edger 0)age 742 -tandard for, )osting &hart of "ccounts

:o o!er powerpoint and online website lesson< ;. -tudents &o,plete )2 ( *" in class and for ho,ewor/. p. .+ of text . )lease use the wor/boo/ pages assigned in class.

Day 4- Trial -alance and *ocating )rrors - Friday" Feb. . Intro/Quote/Joke

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Take up problem 2-5A from last nig t!s ome"ork. 3. 2.

Application Assignment - Problem 2.6A. Students will complete an in-class application test and submit it upon completion

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2. When students finish their test9 students re!iew the Trial 1alance and its li,itations 0)ages +4 and +;2 or !ia the powerpoint on the website. 3. -tudents will read and record the note on #ocating Errors ( )ages +; and +* 4. 4. #tu$ents "ill no" %omplete &'er%ise 2-( in t eir notes on line$ paper) making a % art as $emonstrate$ on page *5. /onday" February 01 Return P 2-,% to students as an application 3ar4. Ta4e up e5ercise 2-6 together a ter reviewing li3itations o the trial balance powerpoint and discussing the note they 3ade last day. 7tudents will now co3plete sel -study 8uestions ro3 page 91 o the te5t. % ter these they will entertain a practice 8ui:. Tuesday" February 00

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3. #tu$ents "ill "rite t eir % apter 2 assessment. "fter the test has been co,pleted assign the Ethics &ase on )age ==