Accounting Lessons - Unit 3: Income Statement
Mon. Mar. 19th
1. Take up Cases #1-5 pgs. 62-64
2. Take up GAAP Booklet #1
3. Distribute GAAP Booklet #2
4. GAAP Poster Assignment - due Friday
Tues. Mar. 20th Target: to learn how to record transactions that affect owner's equity
1. Take up Cases #4 & 5
2. Take up GAAP Booklets
3. Review transactions that affect Owner's Equity.
4. Lesson One: Revenue, Drawings and Expenses (Search: ELO1092440) *Unit 3 Act. 1 Questions*
5. Activity One - Analyzing the Expanded Equity Account
6. OERB Activity 1 Part 2 - Revenue, Expenses and Drawings **T-Accounts & Trial Balance Template**
Wed. Mar. 21st
1. Take up Unit 2 Act. 1 Questions
2. Finish and take up Activity One - Part 1 - Analyzing the Expanded Equity Account Exercise
3. Finish and take up Activity 1 Part 2 - Revenue, Expenses and Drawings Exercise
Thurs. Mar. 22nd
1. Rest of class - work on GAAP Poster - due tomorrow
Fri. Mar. 23rd
1. Hand in or drop off GAAP Posters - please hand in rubric with poster
2. Work on Activity 1 Part 2 - Revenue, Expenses and Drawings Exercise (from Tues and Wed.)
OERB Activity 1 Part 2 - Revenue, Expenses and Drawings **T-Accounts & Trial Balance Template**
Mon. Mar. 26th
1. Take up OERB Activity 1 - Part 2
2. Lesson Two - The General Journal (Search: ELO1092440)
**General Journal Questions**
3. General Journal Activity* **General Journal Excel Template*
**GAAP Quiz tomorrow**
Tues. Mar. 27th
1. GAAP Quiz
2. Take up General Journal Activity
3. General Journal Textbook Exercises #1-3 pgs. 112-113 **General Journal Excel Template*
Wed. Mar. 28th
1. Take up General Journal Textbook Exercises #1-3
2. Do Case #3 Pg. 160 on MS Word
3. Income Statement Lesson - (Search: ELO1092440)
4. Income Statement Questions & Activity Info.
5. Income Statement Activity Template
6. 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
Fri. Mar. 29th:
1. Finish 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 #12 & 13 pg. 92-93
**TEST on Tuesday on: Expanding Capital, Out of Balance Trial Balance, General Journal, Income Statement, & Equity Section of the Balance Sheet
Mon. Apr. 2nd: to review expectations for Unit 3 Part
1. Take up U3 Lesson 4 Activity and textbook exercises #12 &13
2. Review for test
Tues. Apr. 3rd
1. Take up Review for test (from yesterday)
2. More review: General Journal Review Activity** **General Journal Template**
3. Income Statement Error Activity** **Activity Spreadsheet**
4. Trial Balance Correction and Income Statement Preparation Activity
Wed. Apr. 4th
1. Take up Test Review
2. Work on "more review" from yesterday - take up
**TEST Tomorrow**
Thurs. Apr. 5th - Happy Easter
1. Unit 3 TEST*
2. Watch the Sales Taxes Tutorial** and answer the Sales Taxes Questions
3. Complete the Sales Taxes Journal Entries**
**General Journal Template**
Tues. Apr. 10th:
1. Take up Sales Taxes questions and journal entries
2. Unit 3 Activity 6 - Posting Lesson (Search: ELO1092440)
3. Posting Questions
4. Take up posting questions + hand back Unit 3 test
Wed. Apr. 11th
1. Textbook Exercise #4 pg. 131 - Template* take up
2. Posting Activity
3. Textbook Exercise #5 pg. 132 - Template*
***Topics to return to when Ms. Wright is finished Unit 4
* Posting Activity #2 - Activity #2 (Search: ELO1092440 and click assignment link from )
* Individual Posting Assignment Sheet
* Individual Posting Assignment Template
Thurs. Apr. 12th
1. Ms. Wright begins teaching - Unit 4 - Lesson #1 Worksheets - Ms. Wright's website*
1. Take up Review for test (from yesterday)
2. More review: General Journal Review Activity** **General Journal Template**
3. Income Statement Error Activity** **Activity Spreadsheet**
4. Trial Balance Correction and Income Statement Preparation Activity
Wed. Apr. 4th
1. Take up Test Review
2. Work on "more review" from yesterday - take up
**TEST Tomorrow**
Thurs. Apr. 5th - Happy Easter
1. Unit 3 TEST*
2. Watch the Sales Taxes Tutorial** and answer the Sales Taxes Questions
3. Complete the Sales Taxes Journal Entries**
**General Journal Template**
Tues. Apr. 10th:
1. Take up Sales Taxes questions and journal entries
2. Unit 3 Activity 6 - Posting Lesson (Search: ELO1092440)
3. Posting Questions
4. Take up posting questions + hand back Unit 3 test
Wed. Apr. 11th
1. Textbook Exercise #4 pg. 131 - Template* take up
2. Posting Activity
3. Textbook Exercise #5 pg. 132 - Template*
***Topics to return to when Ms. Wright is finished Unit 4
* Posting Activity #2 - Activity #2 (Search: ELO1092440 and click assignment link from )
* Individual Posting Assignment Sheet
* Individual Posting Assignment Template
Thurs. Apr. 12th
1. Ms. Wright begins teaching - Unit 4 - Lesson #1 Worksheets - Ms. Wright's website*