DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 1 of 8 Weeks 1, 2 B1-12; 8.2.12 A1-3, B1-6, C1-3; 9.1.12 A1-5, B1-5; 9.2.12 A1-5, B1-3, C1-2, D1-5, E1-3, F1-5 What is Why do we need What is the Equation How do Business Activities change the How do we analyze the T account? Students will understand the importance of the accounting language. reports required by the GAAP Introduce Concept How transaction change Owners Equity in an equation Distinguish between debit and credit parts in analyzing transactions Students will understand the main types of language Learn Vocabulary Ask students to analyze transactions by answering: What accounts are effected and are they in creased The relationship of the T account to the accounting equation will be shown Understanding a Proprietorship 1 will deal solely with Sole Proprietorships Application problems 1-3 p. 20 Mastery Problem 1-4 P.21 Challenge Problem 1-5, page 22 Study guide Part2 Identifying accounting terms. Working Papers Chapters 1through 16 Century 21 Determining how revenue expense, and withdraw transactions change an On Your Own in Textbook Account titles pt2 page 18 Century 21 Textbook Unit Terminology:, Credit, Debit, T Account, Sole Proprietorship, liability, owner equity, asset,capital, transaction, revenue, sale on account, withdraws
DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 2 of 8 Weeks 3, 4 B1-12; 8.2.12 A1-3, B1-6, C1-3; 9.1.12 A1-5, B1-5; 9.2.12 A1-5, B1-3, C1-2, D1-5, E1-3, F1-5 How can a transaction affect only one side of the? How is each account classified? How is each classification changed? What are accounts receivable, and how do they change the? Analyzing transactions Students will determine the increase or decrease for each account Learn how to classify accounts as assets, liabilities, and owner s equity and demonstrate their relationship in the Determine the normal balance and increase and decrease sides for accounts Give students the showing the changes caused by a transaction, ask a student to verify the equation is still in balance Analyzing transactions into debit and credit parts Analyzing transactions into debit and credit parts Identifying changes in accounts Part3 page 19 Have students write for 5 minutes what they learned They learned about how transactions affect the On your own p.31 textbook p. 22 Auditing understanding p.44 of textbook Work together pg. 31 of Determining Normal balance increase and decrease sides for accounts T accounts determining the normal balance, increase and decrease sides for accounts Workbook p.24 T Accounts Debit and Credit parts Century 21 Textbook
DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 3 of 8 Weeks 5, 6 B1-12; 8.2.12 A1-3, B1-6, C1-3; 9.1.12 A1-5, B1-5; 9.2.12 A1-5, B1-3, C1-2, D1-5, E1-3, F1-5 What is Journalizing? What are source documents? What is a 5 column multi-column journal? What is double-entry accounting? How do you journalize for buying on account and paying on account? Journals and Journalizing Checks, sales invoices, Receipts and other documents How transactions are recorded in a journal The recording of debit and credit parts. Source documents, prove the transaction occurred Journalizing buying insurance, buying on account, and paying on account Define accounting terms Related to journalizing Transactions Record transactions to set up business in a 5 column journal Analyzing source Documents. The 4 steps Used to record an entry into a journal Using a 5 column journal Journalizing transactions That affect owners equity Receiving cash on account Application problems page 46, 47, Challenge problem page 38 Students will answer questions and audit your understanding section of textbook Part 3 p.35 Analyzing a 5 column journal. Recording transactions in a 5 column Journal On your own and working together Identifying accounts terms page 33 of Identifying account concepts and practices p.34 On your own 3-2 Application problem 3-2 Ongoing assessment p. 65 Workbook pages 37 to 41 Century 21 Textbook
DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 4 of 8 Weeks 7, 8 B1-12; 8.2.12 A1-3, B1-6, C1-3; 9.1.12 A1-5, B1-5; 9.2.12 A1-5, B1-3, C1-2, D1-5, E1-3, F1-5 How do you prove and rule a journal? How do you post from Journal to general ledger? Verifying that the total Debits and credits are equal. Proving the journal Define accounting terms related to posting from journal to general ledger Identify accounting concepts and practices Relating to posting from journal to ledger Learning how to analyzing Mastery problems pages a transaction into debit and 41 to 46 in credit parts, Then an entry Journaling transactions can be recorded into a into a 5 column journal journal Prepare a chart of accounts for a service business organized as a proprietorship. Preparing a chart of accounts On your own General ledger pp. 99-104 Using source documents Text book p. 85 Workbook pages 47 through 52 Part3 page 55 of work book 4-1 Work together p.95 4-2, 4-3, Work together Pages 57 to 61 in Application problem p.111 Of text and pages 67-71 of work book Century 21 Textbook Learning journalizing to general ledger Mastery problem pp. 7273.74,75 Challenge problem pp. 76, 77, 78 Using source documents pp. 79-88 Unit Terminology: Ledger, General ledger, Account number, Journal, journalizing, Source Document, Double Entry,
DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 5 of 8 Weeks 9, 10 B1-12; 8.2.12 A1-3, B1-6, C1-3; 9.1.12 A1-5, B1-5; 9.2.12 A1-5, B1-3, C1-2, D1-5, E1-3, F1-5 How do Businesses Use cash and checking accounts? How do you journalize a dishonored check? How do you create A worksheet? Identify accounting concepts and practices related to using a checking account. Define terms related To using petty cash and checking. Entry must be recorded in a journal before it is posted to an account. Reconcile a Bank statement. Prepare business papers Related to using a checking account Understanding Petty cash Establishing and replenishing a petty cash fund 5-1 How Business use cash. Types of Endorsements preparing checks and check stubs Endorsing and writing Checks p.123 text p. 93-94 Workbook Application problems 5-1, 5-2, 5-3, 5-4 Study Guide 5 Identifying Terms. P.89 Analyzing transactions in a cash control system. P. 90 Concepts and practices P. 90 Reconciling a bank statement pp. 95 through 100 Reinforcement activities Pages 11 through 116 Century 21 Textbook What is a trial balance and how is It recorded? How do you correct an error? How do you record Prepaid insurance adjustment? How do you prove and adjust columns of a worksheet Preparing an 8 column worksheet. Preparing a Trial balance Recording the trial balance on a worksheet Finding and correcting errors in accounting records Preparation of a worksheet using the summary overlay Identify accounting concepts& practices related To a service business organized as a proprietorship. Preparing and ruling a trial balance Planning adjusting entries on a worksheet Extending financial Statement information on a Worksheet Mastery problem 5-5 Prepare a worksheet for a service business organized as a proprietorship Have students do worksheet problem 6-1 and work together 6-2 Finding and correcting errors. P 170 text Application problems Test 172 This worksheet will be used to prepare an income statement Page 117-118 of terms Part3 analyzing the preparation of a trial balance Work together pp. 155, 161, 166 use worksheets Workbook 121 through 127 Work together general ledgers Pages 123 132 General Ledger 134 to 138 Mastery problem p. 173 text Study guide page 141 of Unit Terminology: Balance Sheet, income statement, adjustments, trial balance, fiscal period, debit card, electronic funds transfer, dishonored check, Endorsement, reconciliation
DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 6 of 8 Weeks 11, 12 B1-12; 8.2.12 A1-3, B1-6, C1-3; 9.1.12 A1-5, B1-5; 9.2.12 A1-5, B1-3, C1-2, D1-5, E1-3, F1-5 What are Financial Statements for a Proprietorship? What is a Balance Sheet? Reporting financial information, preparing an income statement, and calculating component percentages Identify the practices How is owner s equity related to the preparation reported on a balance of a balance sheet for a sheet service business organized as a proprietorship. Understand the 4 sections of a balance sheet Preparing an income statement with two sources of revenue and a net loss The nine steps for preparing the assets and liabilities section of a balance sheet Formatting the Balance Sheet Transferring amounts from the trial balance columns, Calculating capital Prepare an income statement for a service business organized as a proprietorship and analyze an income statement using component percentages. Use textbook and review several times, then explain the 10 steps for preparing owner s equity section of a balance sheet Review preparing financial statements with a net loss Analyzing an income statement pages 142 and 143. Preparing an income statement p. 186 test and page 145 Preparing a balance sheet Use worksheet p.147-148 Do textbook problem p. 92 and 194 Mastery Problem p. 195 text page 151, 152 Century 21 Textbook Unit Terminology: Stakeholders, component percentage, adjusting entries, permanent accounts, temporary accounts
DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 7 of 8 Weeks 13, 14 B1-12; 8.2.12 A1-3, B1-6, C1-3; 9.1.12 A1-5, B1-5; 9.2.12 A1-5, B1-3, C1-2, D1-5, E1-3, F1-5 What is the formula for calculating current capital? What are adjusted entries? Why are adjustments journalized? What are special journals? How do you journalize purchases of merchandise using a purchases journal Recording adjusting and closing entries for a service business Need for permanent and temporary accounts Total, prove, and rule a cash payments journal and start a new cash payments journal page Recording adjusting and closing entries. Prepare a post-closing trial balance for a service business organized as a sole proprietorship Understand why closing entries are necessary Identify accounting concepts related to purchases and cash payments for a merchandising business. Adjusting entries for supplies. Test p. 156 Analyzing adjusting and closing entries. Pages 157 through 188 Of on your own Work together Identify accounting terms pp. 189, 190 analyzing accounting concepts and practices pp. 191,192 P153,154 analyzing accounts affected by adjusting and closing entries. Analyzing accounts after closing entries are posted p.216 General Ledger and preparing a post-closing trial balance. Work Together p. 241 Journalizing purchases PP. 195, 196 of Preforming other cash payment journal entriep.253 text worksheets 197, 198 Century 21 Textbook Unit Terminology: List Price, Trade discount, cash payments journal, general amount column, cash discount, purchase discount, purchase invoice, cost of merchandise, markup
DEPARTMENT: LYNDHURST HIGH SCHOOL BUSINESS & TECHNOLOGY Page 8 of 8 Weeks 15, 16 B1-12; 8.2.12 A1-3, B1-6, C1-3; 9.1.12 A1-5, B1-5; 9.2.12 A1-5, B1-3, C1-2, D1-5, E1-3, F1-5 How do you record purchases of merchandise What kinds of transactions are recorded in purchases journal? What are special amount columns in a journal used for? What is the advantage of having special amount columns in a journal Explain that the purchases journal is a special journal used only For purchases of merchandise on account Understanding cash purchases and trade discounts Totaling, proving, and ruling a cash payments journal page to carry totals forward. Journalizing transactions Understand how to total and rule the purchases in a journal. A cash payment of an expense results in an increase n the expense and a decrease in cash, Expense debited, cash is credited. Understand how to record each step in the journal I Journalizing cash payments and cash discounts using a cash payments journals Application problem 9-1 journalizing purchases using a purchase journal Calculating trade discounts p 244 Using source documents Pages 212 through 220 In work book Cases for critical thinking P. 262 Work together and on your own Textbook page 258 P. 199. 200. 201 Century 21 Textbook Preparing a petty cash report P.261 worksheets P.202. journalizing other transactions P. 262 Text Mastery problem P. 205, 206, 207 of Challenge problem P. 208, 209, 210, 211 Do case 1 and Case 2