Lesson 1 veltri

LESSON 1-1 The Accounting Equation

THE ACCOUNTING EQUATION page 8

TERMS REVIEW ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],page 9

LESSON 1-2 How Business Activities Change the Accounting Equation

RECEIVING CASH ,[object Object],page 10

PAYING CASH ,[object Object],Transaction 3 August 4. Paid cash for insurance, $1,200.00. page 11

TRANSACTIONS ON ACCOUNT ,[object Object],Transaction 5 August 11. Paid cash on account to Supply Depot, $300.00. page 12

TERMS REVIEW ,[object Object],[object Object],[object Object],[object Object],[object Object],page 13

LESSON 1-3 How Transactions Change Owner’s Equity in an Accounting Equation

REVENUE TRANSACTIONS ,[object Object],Transaction 7 August 12. Sold services on account to Oakdale School, $350.00. page 14

EXPENSE TRANSACTIONS ,[object Object],Transaction 9 August 12. Paid cash for telephone bill, $40.00. page 15

OTHER CASH TRANSACTIONS ,[object Object],Transaction 11 August 12. Paid cash to owner for personal use, $125.00. page 16

TERMS REVIEW ,[object Object],[object Object],[object Object],[object Object],page 17

Lesson 1 veltri

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