Equity Transactions and Accounting Principles
Key Questions to Focus on:
How do Revenue, Expenses and Drawing effect the Owner’s Equity?
Which Accounting Principles are critical to these new accounts?
Additional Practice and Review:
Review Questions 1-9 Page 156
Exercises 1-3 Page 157-158
Review Assignment submit when you return:
Comp. Exercise 7 Page 167 for submission – you can work together in groups of three and submit one per group