Instructional Unit Adjusting & Closing Entries for a Service Business -Accounting concepts and able to complete -Identify accounting concepts -assigned exercises 3.7.10B, practices related to adjusting and adjusting and closing and practices related to -reinforcement activity 3.7.12A closing entries entries and prepare adjusting and closing entries. -simulation -Adjusting and closing entries post-closing trial -Record adjusting and closing -test -Post-closing trial balance balances. entries. -Prepare a post-closing trial balance.
Instructional Unit Adjusting and Closing Entries for a Partnership -Accounting concepts and able to complete -Identify accounting concepts -assigned exercises 3.7.10B, practices related to adjusting and adjusting and closing and practices related to -reinforcement activity 3.7.12A closing entries entries for adjusting and closing entries. -test -Adjusting entries merchandising -Record adjusting entries. -Closing entries for net income or businesses. -Record closing entries for net loss and partners drawing income or loss and partners accounts -Post-closing trial balance drawing accounts. -Prepare a post-closing trial balance.
Instructional Unit Analyzing Transactions into Debit and Credit Parts -Accounting practices related to able to analyze -Identify accounting practices -assigned exercises 3.7.10B, analyzing transactions into debit transactions into debit related to analyzing -test 3.7.12A and credit parts and credit parts. transactions into debit and -T accounts to analyze credit parts. transactions showing which -Use T accounts to analyze accounts are debited or credited transactions showing which for each transaction accounts are debited or -How transactions to set up a credited for each transaction. business affect accounts -How transactions affect owner s equity accounts -Analyze how transactions to set up a business affect accounts. -Analyze how transactions affect owner s equity accounts.
Instructional Unit Cash Control Systems -Accounting concepts and able to prepare bank -Identify accounting concepts -assigned exercises 3.7.10B, practices related to using a statement and practices related to using a -reinforcement activity 3.7.10D, checking account reconciliation's, check checking account. -test 3.7.12A -Business papers related to using stubs and checks, and -Prepare business papers a checking account bank and petty cash related to using a checking -Bank statement reconciliation transactions. account. -Dishonored checks and electronic -Reconcile a bank statement. banking transactions -Petty cash fund -Journalize dishonored checks and electronic banking transactions. -Establish and replenish a petty cash fund. -Use accounting software.
Instructional Unit Changes that Affect Owner's Equity -Accounting concepts and able to analyze the -Identify accounting concepts -assigned exercises 3.7.10B, practices related to changes that effect of transactions. and practices related to -test 3.7.12A affect owner's equity changes that affect owner's -Changes in an accounting equation that affect owner's equity equity. -Analyze changes in an accounting equation that affect owner's equity.
Instructional Unit Financial Statements for a Partnership -Accounting concepts and able to complete -Identify accounting concepts -assigned exercises 3.7.10B, practices related to financial financial statements for and practices related to -test 3.7.10D, statements for a merchandising merchandising financial statements for a 3.7.12A business organized as a businesses. merchandising business partnership organized as a partnership. -Preparing an income statement -Prepare an income statement. -Income statement using component percentages -Analyze an income statement -Distribution of net income using component percentages. statement and an owners equity statement -Balance sheet -Prepare a distribution of net income statement and an owners equity statement. -Prepare a balance sheet.
Instructional Unit Financial Statements for a Proprietorship -Accounting concepts and able to prepare income -Identify accounting concepts -assigned exercises 3.7.10B, practices related to preparation of statements and and practices related to -test 3.7.10D, an income statement balance sheets for preparation of an income 3.7.12A -Income statement with componentservice businesses. statement. percentages -Prepare an income statement -Accounting concepts and and analyze an income practices related to preparation of a balance sheet statement using component percentages. -Identify accounting concepts and practices related to preparation of a balance sheet. -Use Excel software.
Instructional Unit Payroll Accounting, Taxes, and Reports -Accounting concepts and able to complete payroll -Identify accounting concepts -assigned exercises 3.7.10B, practices related to recording a transactions. and practices related to -reinforcement activity 3.7.12A payroll recording a payroll. -test -Payroll transactions and payroll -Analyze payroll transactions -Accounting concepts and and record a payroll. practices related to payroll taxes -Identify accounting concepts -Record employer payroll taxes and practices related to payroll -Identify accounting concepts and taxes. practices related to payroll reports -Record employer payroll taxes. -Selected payroll tax reports -Withholding and payroll taxes -Identify accounting concepts and practices related to payroll reports. -Prepare selected payroll tax reports. -Pay and record withholding and payroll taxes.
Instructional Unit Posting from a General Journal to a General Ledger -Accounting terms The students will to -Define accounting terms. -class work 3.7.7A, 3.7.7C, -Accounting concepts and able to prepare a chart -Identify accounting concepts -assigned exercises 3.7.10B, practices related to posting from a of accounts and and practices related to posting -test 3.7.12A general journal to a general ledger transfer journal from a general journal to a information to a general general ledger. -Chart of accounts ledger. -Prepare a chart of accounts. -Amounts from a general journal to -Post amounts from a general a general ledger -Cash proof and correcting entries journal to a general ledger. -Prove cash and journalize correcting entries.
Instructional Unit Posting to General and Subsidiary Ledgers -Accounting practices related to able to transfer special -Identify accounting practices -assigned exercises 3.7.10B, posting to ledgers journal entries to related to posting to ledgers. -test 3.7.12A -Purchases journal to an accounts ledgers and prepare -Post from a purchases journal payable ledger subsidiary schedules. to an accounts payable ledger. -Cash payments journal and a general journal to an accounts -Post from a cash payments payable ledger journal and a general journal to -Sales journal to an accounts an accounts payable ledger. receivable ledger -Post from a sales journal to an -Cash receipts journal to an accounts receivable ledger. accounts receivable ledger -Post from a cash receipts -Cash payments journal and a journal to an accounts general journal to a general ledger receivable ledger -Post from a cash payments -Journal totals to a general ledger journal and a general journal to a general ledger -Post journal totals to a general ledger.
Instructional Unit Preparing Payroll Records -Accounting practices related to able to prepare -Identify accounting practices -assigned exercises 3.7.10B, preparing payroll records semimonthly payrolls. related to preparing payroll -test 3.7.12A -Payroll time card records. -Payroll taxes -Complete a payroll time card. -Payroll register and an employee -Calculate payroll taxes. earnings record -Complete a payroll register and -Payroll checks an employee earnings record. -Prepare payroll checks.
Instructional Unit Purchases and Cash Payments using Special Journals -Accounting concepts and able to complete -Identify accounting concepts -assigned exercises 3.7.10B, practices related to purchases for purchases, cash and practices related to -test 3.7.12A a merchandising business payments, and other purchases for a merchandising -Purchases of merchandise using transactions. business. a purchases journal -Journalize purchases of -Accounting concepts and merchandise using a practices related to cash purchases journal. payments for a merchandising -Identify accounting concepts business and practices related to cash -Cash payments using a cash payments for a merchandising payments journal business. -Accounting concepts and -Journalize cash payments practices related to transactions using a cash payments journal. using a general journal -Transactions using a general journal -Identify accounting concepts and practices related to transactions using a general journal. -Journalize other transactions using a general journal.
Instructional Unit Recording Transactions in a General Journal -Accounting concepts and able to utilize journals -Identify accounting concepts -assigned exercises 3.7.10B, practices related to journalizing by recording and practices related to -test 3.7.12A transactions transactions into a journalizing transactions. -General journal transactions to setgeneral journal. -Record transactions to set up up a business a business in a general journal. -Accounting concepts and practices related to journalizing -Identify accounting concepts transactions and practices related to -General journal transaction to set journalizing transactions. up a business -Record transactions to buy -General journal transactions to insurance for cash and buy insurance for cash and supplies on account in a supplies on account general journal. -General journal transactions that -Record transactions that affect owner s equity and affect owner s equity and receiving cash on account -New general journal page receiving cash on account in a general journal. -Start a new general journal page. -Use accounting software.
Instructional Unit Sales and Cash Receipts using Special Journals -Accounting concepts and able to complete sales -Identify accounting concepts -assigned exercises 3.7.10B, practices related to sales for a and cash receipt and practices related to sales -test 3.7.12A merchandising business transactions. for a merchandising business. -Sales on account using a sales journal -Journalize sales on account -Accounting concepts and using a sales journal. practices related to cash receipts for a merchandising business -Identify accounting concepts and practices related to cash receipts for a merchandising business.
Instructional Unit Starting a Proprietorship -Accounting concepts and able to model a -Identify accounting concepts -assigned exercises 3.7.10B, practices related to starting a proprietorship by and practices related to starting-test 3.7.12A service business organized as a defining accounting a service business organized sole proprietorship terms, determining howas a sole proprietorship. -Transactions affecting accounts transactions change -Analyze how transactions in an accounting equation an accounting affect accounts in an -Balance sheet from information in equation, and accounting equation. an accounting equation preparing balance -Prepare a balance sheet from sheets. information in an accounting equation.
Instructional Unit Work Sheet for a Merchandising Business -Accounting concepts and able to complete work -Identify accounting concepts -assigned exercises 3.7.10B, practices related to a work sheet sheets for and practices related to a work -test 3.7.10D, for a merchandising business merchandising sheet for a merchandising 3.7.12A -Adjustments and a work sheet businesses. business. -Begin, plan adjustments, and complete a work sheet.
Instructional Unit Work Sheet for a Service Business -Accounting concepts and able to prepare work -Identify accounting concepts -assigned exercises 3.7.10B, practices related to a work sheet sheets for service and practices related to a work -test 3.7.10D, -Adjustments for supplies and businesses. sheet. 3.7.12A prepaid insurance -Plan adjustments for supplies -Work sheet and prepaid insurance. -Selected procedures for finding -Complete a work sheet. and correcting errors in accounting records -Identify selected procedures for finding and correcting errors in accounting records. -Use Excel software.