Equation Analysis Sheet - Feb 25 - March 4
Monday -3.2 Exercises 1 & 2Tuesday - 3.2 Exercise 3
Wednesday - Equation Analysis Sheet Quiz 1 - remember that if an item relates to a revenue (sale) or an expense - use the Capital account. The Capital account is also affected by the owner investing money into the business or withdrawing money from the business. If you are not sure you did the transaction correctly, total the assets, liabilities and Owner's Equity (Capital) - see if the fundamental accounting equation still balances
i.e. A = L + OE
After lunch we will continue with 3.3 Summary of Steps in Analyzing a Transaction
Thursday - Equation Analysis Sheet Quiz 2 - start Chapter 3 Review
Friday - Take up Review Questions
Monday March 4th - Chapter 3 Test
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