2 class periods of 90 minutes each
Introduction of transactions that affect the owner's equity of a proprietorship. Introduction of revenue from sales, how sales affects owner's equity. Introduction of the different expenses for a proprietorship, how paying for expenses affects owner's equity. Introduction of the owner's drawing account for a proprietorship, why an owner might use the drawing account and how withdrawing money for personal use of the owner affects owner's equity.
Teacher Outline with Answers. Student Outline. Online Vocabulary Activities. Online Chapter Quiz. Chapter Rubric.
Students learn about the transactions that affect the owner's equity of a proprietorship. They learn about revenue, expenses and withdrawals and how they fit into the accounting equation.
An introduction, review games and quiz of business transactions for a proprietorship.
Print out the Teacher Outline with Answers. Print out the Student Outline. Handout the Student Outline. Introduce the chapter information to the students, having he students following along by filling in the student outline. Have the students complete the online activities and quiz.
Chapter Rubric. All students will turn in their chapter outline and play the various online games to review the vocabulary. Online chapter quiz.
Century 21 Accounting South Western Publishing 6th edition, 1995.