Journal Entries – BAF3M – Mr.Scorcia

The HST Discussion: the recording of sales taxes in other provinces using the PST and GST Discussion: How is the HST is recorded in the books of the seller and the purchases? Remitting the HST Additional Practice and Review: Read 197-204 Review Questions: 1-18 Exercises: 3-4

In Class Assignment

March 25, 2019 Scorcia Journal Entries, source documents

Class Work: Read 196-204 Review Questions 1-18 Exercises 3 (pages 206-207) Additional Practice and Review: If you are done complete Exercise 4 Part B only

Source Documents Work Period

March 20, 2019 Scorcia Journal Entries, source documents

Complete and submit Comp. Exercise 7 Page 167 (make sure both partners names are on it.) Examine each source document in your readings (pages 184-192) and copy the journal entries associated with it Record new GAAP – the cost principle-what is the corresponding IFRS rule? Additional Class Work: Read 184-192 Review Questions 1-21 Exercises 1-5 (pages 192-196)

The Journal

March 19, 2019 Scorcia Journal Entries

Questions to focus on: What is the journal? Why is it needed? The 2 column journal The steps in preparing a journal entry The Opening Entry Additional Practice and Review: Exercise 1 and 2 Page 181 (See bottom of page 179 for an example of an opening entry) Please watch the following: Video Resources: The Journal/Ledger/Debits and Credits

The Economist

UBS faces a China backlash because of a quip about pigs
What some see as anti-foreign sentiment is probably a linguistic misunderstanding
As growth slows, the spectre of local-government debt looms once more
The central government urges spending, but regions are burdened by debt
In Argentina, the IMF has been neither toxic nor triumphant
Even the opposition has resigned itself to the IMF’s plan
Who would be mad enough to take the top job at Wells Fargo?
The crisis-plagued bank is struggling to find a new boss
Can Germany’s biggest lender survive on its own?
A lot will depend on the success of Deutsche Bank’s restructuring plan
Low interest rates and sluggish growth may lead to currency wars
Declaring trade peace might be the best way to get a cheaper dollar
Buy-out firms are the new banks in emerging markets
Declining credit quality in the rich world prods investors into pastures greener
The rising cost of education and health care is less troubling than believed
Misunderstanding the problem, politicians often prescribe the wrong cures
Donald Trump takes aim at Mario Draghi over interest rates
America’s president complains that the euro zone’s monetary policy is unfair
The ECB presidency is distinct but not immune from backroom deals
Europe works in strange ways

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