Exam Day
Please be sure to return your textbook on the exam day.
Continue reading »Please be sure to return your textbook on the exam day.
Continue reading »Use the period to complete all of your journal entries on paper Have every group member review the entries so you are ready to enter them all into Quickbooks on Wednesday For Thursday your group should be ready to complete the adjusting entries, income statement, balance sheet and closing entires Friday we will print and then begin the exam review
Continue reading »Complete in groups of three Please complete for submission on Wednesday: Exercise 2 Page 456 Exercise 4 Page 458 If you are done please complete some additional practice: Exercise 1 Page 455 (use the returns and allowances account) Exercise 11 Page 462
Continue reading »How do businesses account for goods that are returned? Discussion: Returns and Allowances and why retailers need to keep track of this information Additional practice and Review: Read 417-424 Review Questions 1-15 (pg.424) Exercise 1-2,5 Page 424-427
Continue reading »Discussion: the new accounts: MERCHANDISE, PURCHASES, SALES AND Freight IN Please review Page 399 in the textbook! Additional Practice and Review: Read 404-406 Review Questions 1-11 (page 406) Important: Exercise 1-2 (page 407-408)
Continue reading »Discussion: What is a merchandising business? How is it different from a service business? Discussion: Wholesaler vs. Retailer What is inventory? Why is it so critical? Discussion: Two Aspects – BS (Current Asset) and IS (COGS) Periodic vs. Perpetual inventory systems – The Inventory Cycle What is COGS? – calculation and using the equation Complete Exercise 1 and 2 together […]
Continue reading »Please register with the Intuit Education Program select QuickBooks Online
Continue reading »Read Pages 357-365 Complete Exercise 2-3 Page 364
Continue reading »Practice and Review: Read 396-417 Review Questions 1-17 Page 401, Exercise 2-5 Page 402 Review Questions 1-11 and Exercises 1-2 Page 406 Read 417-424 Review Questions 1-15 (pg.424) Exercise 1-2,5 Page 424-427 From Previous Lessons: Read 404-406 Review Questions 1-11 (page 406) Important: Exercise 1-2 (page 407-408) Read Pages 396-401 Complete Review Questions 1-17 Exercises 2,3,4
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