Accounting LESSONS - Unit 3: The Income Statement
Fri. Oct. 7th Target: to learn how to analyze accounting Case Studies
1. Take up Cases #1-3
2. Complete and take up Cases #4 & 5 in partners
3. GAAP Booklet - complete first two pages
Tues. Oct. 11th Target: learn how to expand the Owner's Equity account
1. Finish and take up GAAP Booklet
Wed. Oct. 12th Target: to learn how to record transactions that affect owner's equity
1. Review transactions that affect Owner's Equity.
2. Lesson One: Revenue, Drawings and Expenses (Search: ELO1092440) - please also pick up handout
3. Activity One - Analyzing the Expanded Equity Account
4. OERB Activity 1 - Revenue, Expenses and Drawings
**T-Accounts Template** *Trial Balance Sheet Template*
Thurs. Oct. 13th Target: to continue to learn how to expand owner's equity
1. Take up Expanding Equity Activity
2. GAAP Quiz
3. Continue working on the OERB Activity 1
4. Take up
Fri. Oct. 14th Target: to learn the basics of the General Journal: Unit 3 Activity 2
1. Take up OERB Activity 1
2. Lesson Two - The General Journal (Search: ELO1092440)
**General Journal Questions**
3. General Journal Activity* **General Journal Excel Template*
Mon. Oct. 17th Target: to reinforce knowledge of the General Journal and journal entries
1. Take up OERB Activity 1
2. Take up General Journal Activity
3. General Journal Textbook Exercises #1-3 pgs. 112-113 **General Journal Excel Template*
Tues. Oct. 18th Target: to learn the components of the Income Statement: Unit 3 Activity 3
1. Take up G.J. Exercises #1-2
2. Do Ex. #3 pg. 113 - take up
3. Case #3 Pg. 160 for homework
Wed. Oct. 19th Target:
1. Take up OERB Activity 1
2. Take up Case #3 pg. 160
3. Trial Balance out of Balance - handout & Exercises
4. Income Statement Lesson - (Search: ELO1092440)
5. Income Statement Questions & Activity Info.
6. Income Statement Activity Template
Thurs. Oct. 20th
1. GAAP Poster Assignment
Mon. Oct. 24th Target:
1. GAAP Posters - if you were away - please sign up with me
1. Take up Cases #1-3
2. Complete and take up Cases #4 & 5 in partners
3. GAAP Booklet - complete first two pages
Tues. Oct. 11th Target: learn how to expand the Owner's Equity account
1. Finish and take up GAAP Booklet
Wed. Oct. 12th Target: to learn how to record transactions that affect owner's equity
1. Review transactions that affect Owner's Equity.
2. Lesson One: Revenue, Drawings and Expenses (Search: ELO1092440) - please also pick up handout
3. Activity One - Analyzing the Expanded Equity Account
4. OERB Activity 1 - Revenue, Expenses and Drawings
**T-Accounts Template** *Trial Balance Sheet Template*
Thurs. Oct. 13th Target: to continue to learn how to expand owner's equity
1. Take up Expanding Equity Activity
2. GAAP Quiz
3. Continue working on the OERB Activity 1
4. Take up
Fri. Oct. 14th Target: to learn the basics of the General Journal: Unit 3 Activity 2
1. Take up OERB Activity 1
2. Lesson Two - The General Journal (Search: ELO1092440)
**General Journal Questions**
3. General Journal Activity* **General Journal Excel Template*
Mon. Oct. 17th Target: to reinforce knowledge of the General Journal and journal entries
1. Take up OERB Activity 1
2. Take up General Journal Activity
3. General Journal Textbook Exercises #1-3 pgs. 112-113 **General Journal Excel Template*
Tues. Oct. 18th Target: to learn the components of the Income Statement: Unit 3 Activity 3
1. Take up G.J. Exercises #1-2
2. Do Ex. #3 pg. 113 - take up
3. Case #3 Pg. 160 for homework
Wed. Oct. 19th Target:
1. Take up OERB Activity 1
2. Take up Case #3 pg. 160
3. Trial Balance out of Balance - handout & Exercises
4. Income Statement Lesson - (Search: ELO1092440)
5. Income Statement Questions & Activity Info.
6. Income Statement Activity Template
Thurs. Oct. 20th
1. GAAP Poster Assignment
Mon. Oct. 24th Target:
1. GAAP Posters - if you were away - please sign up with me
Tues. Oct. 25th Target:
1. Finish and take up Income Statement Activity
2. More Income Statement practice - textbook Exercises #1-4 pgs. 73-74
Ex. #1-2 on MS Word
Ex. #3-4 on Income Statement Template - Excel Template
Wed. Oct. 26th Target:
1. Check and take up Ex.#1-4 pgs. 73-74
2. Start Lesson 4 (Search: ELO1092440)
3. Capital Section of the Balance Sheet Questions & Activity Instructions.
4. Unit 3 Lesson 4 Activity Template
5. Textbook Exercise #13 pg. 93
**TEST on Friday on: Expanding Capital, Out of Balance Trial Balance, General Journal, Income Statement, & Equity Section of the Balance Sheet
Thurs. Oct. 27th Target: to review expectations for Unit 3 Part 1 expectations
1. Take up Activity 4 and Ex. #13 pg. 93
2. Review for test
Fri. Oct. 28th Target: to review expectations for Unit 3 Part 1 expectations
1. Take up Review for test (from yesterday) Test Review Answers
2. More General Journal Review Activity** **General Journal Template**
3. Income Statement Error Activity** **Activity Spreadsheet**
4. Trial Balance Correction and Income Statement Preparation Activity
5. Test Review Booklet #2 (handout)
Mon. Oct. 31st Target: Happy Halloween! to demonstrate understanding of Unit 3 Part 1 expectations
1. Unit 3 Part 1 TEST
Tues. Nov. 1st Target: to learn accounting for Harmonized Sales Taxes
1. Watch the Sales Taxes Tutorial** and answer the Sales Taxes Questions
2. Complete the Sales Taxes Journal Entries**
**General Journal Template**
Wed. Nov. 2nd Target:
1. Unit 3 Activity 6 - Posting Lesson (Search: ELO1092440)
2. Posting Questions
3. Posting Activity
Thurs. Nov. 3rd Target:
1. Distribute period 4 Funny Money Excusal slips
2. Take up Sales Taxes Journal Entries
3. Continue with/finish Posting Activity - take up
Fri. Nov. 4th Target: to demonstrate understanding of recording sales taxes and posting
1. Posting Activity #2 - Summative - Activity #2 (Search: ELO1092440 or click link)
2. Monopoly
Mon. Nov. 7th Target:
1. Finish Posting Activity #2 - take up
1. Finish and take up Income Statement Activity
2. More Income Statement practice - textbook Exercises #1-4 pgs. 73-74
Ex. #1-2 on MS Word
Ex. #3-4 on Income Statement Template - Excel Template
Wed. Oct. 26th Target:
1. Check and take up Ex.#1-4 pgs. 73-74
2. Start Lesson 4 (Search: ELO1092440)
3. Capital Section of the Balance Sheet Questions & Activity Instructions.
4. Unit 3 Lesson 4 Activity Template
5. Textbook Exercise #13 pg. 93
**TEST on Friday on: Expanding Capital, Out of Balance Trial Balance, General Journal, Income Statement, & Equity Section of the Balance Sheet
Thurs. Oct. 27th Target: to review expectations for Unit 3 Part 1 expectations
1. Take up Activity 4 and Ex. #13 pg. 93
2. Review for test
Fri. Oct. 28th Target: to review expectations for Unit 3 Part 1 expectations
1. Take up Review for test (from yesterday) Test Review Answers
2. More General Journal Review Activity** **General Journal Template**
3. Income Statement Error Activity** **Activity Spreadsheet**
4. Trial Balance Correction and Income Statement Preparation Activity
5. Test Review Booklet #2 (handout)
Mon. Oct. 31st Target: Happy Halloween! to demonstrate understanding of Unit 3 Part 1 expectations
1. Unit 3 Part 1 TEST
Tues. Nov. 1st Target: to learn accounting for Harmonized Sales Taxes
1. Watch the Sales Taxes Tutorial** and answer the Sales Taxes Questions
2. Complete the Sales Taxes Journal Entries**
**General Journal Template**
Wed. Nov. 2nd Target:
1. Unit 3 Activity 6 - Posting Lesson (Search: ELO1092440)
2. Posting Questions
3. Posting Activity
Thurs. Nov. 3rd Target:
1. Distribute period 4 Funny Money Excusal slips
2. Take up Sales Taxes Journal Entries
3. Continue with/finish Posting Activity - take up
Fri. Nov. 4th Target: to demonstrate understanding of recording sales taxes and posting
1. Posting Activity #2 - Summative - Activity #2 (Search: ELO1092440 or click link)
2. Monopoly
Mon. Nov. 7th Target:
1. Finish Posting Activity #2 - take up
Tues. Nov. 8th Target:
1. Finish Posting Activity #2
2. Individual Posting Assignment Sheet
3. Individual Posting Assignment Template
Wed. Nov. 9th Target:
1. Work on completing Posting Assignment - due Friday - last day to work on it in class.
2. Link to Unit 4
1. Finish Posting Activity #2
2. Individual Posting Assignment Sheet
3. Individual Posting Assignment Template
Wed. Nov. 9th Target:
1. Work on completing Posting Assignment - due Friday - last day to work on it in class.
2. Link to Unit 4