Accounting

COURSE SYLLABUS

Semester 1	Semester 2
Week 1 (September 8-11)	Week 20 (February 8-12)
Week 2 (September 14-18)	Week 21 (February 15-19)
Week 3 (September 21-25)	Week 22 (February 22-26)
Week 4 (September 28-October 2)	Week 23 (March 1-5)
Week 5 (October 5-9)	Week 24 (March 8-12)
Week 6 (October 12-16)	Week 25 (March 15-19)
Week 7 (October 19-23)	Week 26 (March 29-April 2)
Week 8 (October 26-30)	Week 27 (April 5-9)
Week 9 (November 2-6)	Week 28 (April 12-16)
Week 10 (November 9-13)	Week 29 (April 19-23)
Week 11 (November 16-20)	Week 30 (April 26-30)
Week 12 (November 23-27)	Week 31 (May 3-7)
Week 13 (November 30-December 4)	Week 32 (May 10-14)
Week 14 (Decemember 7-11)	Week 33 (May 17-21)
Week 15 (December 14-18)	Week 34 (May 24-28)
Week 16 (January 11-15)	Week 35 (May 31-June 4)
Week 17 (January 18-22)	Week 36 (June 7-9)
Week 18 (January 25-29)	Have a Great..
Week 19 (February 1-5)	Vacation!!

Summer Vacation!

ACADEMIC SCHEDULE

First Quarter

Week 1 (September 1-5)
Monday---Holiday-No School
Tuesday---Welcome back Freshman and New Students!
Wednesday---Welcome back everyone!!
*go over handbook
*class syllabus, rules and regulations
*Video-"Taking Care of Business"-Discussion
Thursday---Video--"Taking Care of Business" dealing with accounting careers.
Lecture, chapter 2, part 1
Friday---Finish lecture, chapter 2. Chapter 2 study guide.

Week 2 (September 8-12)
Monday---Columbian Time---Finish notes on chapter 2
*do the grid handout transactions 1-6
*use information to do a balance sheet on page 7 of notes (on extra form)
*2-D1, 2-D2, 2-D3, 2-1

2-3

1. Received cash from owner as investment, $350.00
2. Rought supplies on account from Helfrey Company, $100.00
3. Paid cash for insurance, $150.00
4. Paid cash for supplies, $50.00
5. Received cash from owner as investment, $300.00
6. Paid cash on account to Helfrey Company, $75.00

2-M

1. Received cash from owner as investment, $2,000
2. Paid cash for supplies, $250.00
3. Bought supplies on account from Limo Suppy Company, $300.00
4. Paid cash for insurance, $600.00
5. Paid cash on account to Limo Supply Company, $150.00

2-C

1. owner invested cash, $1500.00
2. Bought supplies for cash, $400.00
3. Paid cash for insurance, $240.00
4. Supplies were bought on account from Nelson Supply Company, $80.00
5. The owner, Jerome Olson, Paid $1,000.00 of his personal cash to Mutual Savings Bank
for the car payment on his personal car.
6. Wrote a check for supplies. The supplies were bought from a Canadian Company.
The supplies cost $120.00 in Canadian dollars, which is equivalent to $100.00 in the U.S.
Tuesday---Create an "accounting" folder on you U drive.
Create balance sheet from yesterday on excel. (should like exactly the same)
Wednesday---Finish and hand in packet chapter 1
Thursday---finish grid handout started in chapter 2
*create a grid in excel for problem 3-2

3-1

1. Paid cash for rent, $300.00
2. Paid cash to owner for personal use, $150.00
3. Received cash from sales, $800.00
4. Paid cash for equipment repairs, $100.00
5. Paid cash for telephone bill, $60.00
6. Received cash from sales, $650.00
7. Paid cash for charitable contributions, $35.00
8. Paic cash for miscellaneous expenses, $25.00

3-2

1. Paid cash for equipment repair, $50.00
2. Received cash from sales, $325.00
3. Paid cash for supplies, $200.00
4. Bought supplies on account from Teale Company, $1,200.00
5. Paid cash for advertising, $200.00
6. Received cash from sales, $280.00
7. Paid cash for water bill, $60.00
8. Paid cash for insurance, $400.00
9. Paid cash to owner for personal use, $125.00
10. Received cash from sales, $260.00
11. Paid cash for equipment rental, $45.00
12. Paid cash for charitable contributions, $25.00
13. Received cash from sales, $300.00
14. Paid cash on account to Teale Company, $100.00
15. Received cash from owner as investment, $1,000.00
16. Paid cash for rent, $600.00
17. Received cash from sales, $430.00
18. Paid cash on account to Teale Company, $750.00

3-M

1. Paid cash for telephone bill, $100.00
2. Received cash from owner as investment, $200.00
3. Paid cash for rent, $500.00
4. Paid cash for equipment rental, $100.00
5. Received cash from sales, $895.00
6. Bought supplies on account from Sickle Company, $600.00
7. Paid cash for equipment repair, $15.00
8. Paid cash for miscellaneous expense, $30.00
9. Received cash from sales, $920.00
10. Paid cash for advertising, $50.00
11. Paid cash for charitable contribution, $10.00
12. Paid cash for supplies, $400.00
13. Paid cash for advertising, $250.00
14. Received cash from sales, $795.00
15. Paid cash on account to Sickle Company, $1,500.00
16. Paid cash for insurance, $250.00
17. Received cash from sales, $960.00
18. Paid cash to owner for personal use, $1,000.00
Friday---Finish 3-2 grid in Excel, work on 3-M in Excel

Week 3 (September 15-19)
Monday---Open House (7:00 pm)---Finish chapter 3 packet
Tuesday---Review for chapter 2,3 quiz together (you'll need paper)
P.30/accouting terms 1-13, questions for individual study 1-14
P.45/acounting terms 1-3, questions for individual study 1-12
Test will not take whole period tomorrow, so bring something else to work on!
Wednesday---Chapter 2,3 quiz
Thursday---Catch up day and go to library for new books (and hand in old)
Friday---Introduction to chapter 4 (fill out T accounts on other side of chapter 2/3 grid)
3-1 work together
3-1 on your own
3-2 work together
3-2 on your own
3-3 work together
3-3 on your own

Week 4 (September 22-26)
Monday---Columbian Time---3-3 Work Together, 3-3 On Your Own
3-1 app (together), 3-2 app, 3-3 app, 3-4 app
Tuesday---3-5 Mastery, begin journal in excel
Wednesday---3-6 challenge, begin chapter 4 (handout) 4-D1,D2,D3,D4
Thursday---Finish 4-Demonstration problem and put it onto EXCEL
Friday---Finish 4-D pages 1 and 2. Show to Schafer for sign off
*you can begin 4-1,2,3,4 on your own if you wish, otherwise catch up.
Week 5 (September 29-October 3)
Monday---Finish and grade 4 on own
Tuesday---Begin 4-6 Master
Wednesday---Late Start---Work on 4-6 Master
Thursday---Finish 4-6 Master, begin 4-7 challenge (extra credit)
Friday---Progress Report 1---Chapter 4 study guide (due Tuesday)
*Nothing gets turned in after today
*Tests must be made up today
*I'll be handing back papers

Week 6 (October 6-10)
Monday---Inservice-No School
Tuesday---Turn in Chapter 4 study guide
*chapter 4 quiz
Wednesday---Homecoming Court Voting---Lecture/discussion chapter 5
*5-1,2,3 work together/on your own Thursday---Homecoming Court Tapping---5-Study Guide (handout)
Friday---State Inservice-No School

Week 7 (October 13-17)
Monday---Finish 5-1,2,3 work together/on your own
*finish 5-study guide
*make sure everything is turned in!
Tuesday---Application 5-1, create general ledger with hot links in EXCEL
Wednesday---PSAT (8-11:00 am)---chatper 5 questions
Thursday---Problem 5-2, Posting in Excel
Friday---Pep Assembly---Post column totals and finish 5-2 master (check off)

Week 8 (October 20-24)
Monday---Columbian Time---5-5 mastery problem in Excel
*turn in chapter 5 packet today!
Tuesday---Finish 5-5 Master (if done, skip to wednesday assignment).
Wednesday---Objective test 1 (as assignment)
Thursday---Unit test 1 (as assignment)
Friday---Chapter 5 recycle problem (handout)
1. Create accounts in excel
2. Journalize
3. Post individual amounts and column totals

Week 9 (October 27-31)
Monday---College Visitation (1-3pm)---
Make sure you have the following done and in (or checked off) 1. Unit problem test 1 (60 points) 2. Objective test 1 (88 points) 3. Recycling problem 5-R checked off (50 points) 4. From last week, chaper 5 packet should be turned in (50 points) Tuesday---Canned Food Drive Assembly---Chapter 6 Lecture (6-1 WT, 6-1 Own)
Wednesday---6-2 WT
*create reconciliation of bank statement in excel and do problem 6-2 Own.
Thursday---6-3 WT, 6-3 Own, 6-4 WT, 6-4 Own
Friday---Student of the Month---Chapter 6 study guide (Schafer gone)

Week 10 (November 3-7)
Monday---check (do problem 6-1 APP)
Tuesday---Finish 6-1 APP, Do 6-5 Master (part 1 only) parts 2 and 3 for extra credit.
Wednesday---Late Start---Mid-term test, part I
Thursday---End of First Quarter---Finish mid term and hand in
Friday---No School-Grade Day

Week 11 (November 10-14)
Monday---Veteran's Day Assembly---LCC Presentation and College Credit Sign-ups
Tuesday---No School-Veteran's Day
Wednesday---Reinforcement Activity 1-Part A, p.151
*create chart of accounts according to the one on p.151 (make sure hyper links work)
Thursday---Journalize, prove and rule page 1 of the journal
Friday---Post page one journal entries to the ledger with cell references
*Don't just type numbers in!!!!!!!!!!!

Week 12 (November 17-21)
Monday---Journalize, prove, rule, and prove cash on page 2 of the journal
*Post page 2 of the journal
*Do bank reconciliation form
*Check numbers as follows:
Page 1 proving totals=23,340
Page 2 proving totals=26,795

Cash 16,410 Debit
Petty Cash 200 Debit
A/R-Breck School 135 Debit
A/R-Lincoln School 50 Debit
Supplies 1460 Debit
Preaid Insurance 960 Debit
A/P-Dunnel Supplies 500 Credit
A/P Voiles Office Supplies 150 Credit
Caleb Christianson, Capital 17,000 Credit
Caleb Christianson, Drawing 500 Debit
Income Summary (no entries)
Sales 4070 Credit
Advertising Expense 100 Debit
Insurance Expense (no entries)
Miscellaneous Expense 183 Debit
Rent Expense 1200 Debit
Repair Expense 157 Debit
Supplies Expense (no entries)
Utilities Expense 365 Debit
Tuesday---
Define the following:
checking account
endorsement
blank endorsement
special endorsement
restrictive endorsement
postdated check
bank statement
dishonored check
electronic funds transfer
debit card
petty cash
petty cash slip

1. What evidence does a depositor have that money has been deposited in a checking account? (126)
2. Why is no journal entry made by a business for a deposit in a checking account? (126)
3. Why is the amount written in both numbers and words on a check?(129)
4. What is the most common way of voiding a check? (129)
5. Should a voided check be recorded in the journal? Why/why not? (129)
6. Which accounting concept is being applied when a memorandum is prepared for the service charges deducted from a checking account? (134)
7.What accounts are affected, and how, by an entry to record a bank service charge for a checking account? (134)
8. What accounts are affected, and how, when Rugcare is notified that a deposited check has been dishonored? (137)
9. What is the purpose of a petty cash fund? (141)
10. What accounts are affected, and how, when a petty cash fund is established? (141)
11. What is Rugcare's initial record of amounts that have been paid from the petty cash fund? (142)
12. How is the petty cash fund proved? (143)
13. When is a journal entry made to record payments from the petty cash fund? (143)
Wednesday---lecture/chapter 7
Thursday---lecture/chapter 7 and 7(work together) (handout)
Friday---Put 7 work together into excel

Week 13 (November 24-28)
Monday---Columbian Time---
*7 on your own (pg 159,164,169)
*7-1,2,3 Application (pg 175)
Tuesday---Student of the Month, Parent teacher conferences (4-8:00 pm)---
*7-5 Master (pg 176)
Wednesday---No School-Morning Conferences (8:30am-12:00pm)
Thursday---Thanksgiving Weekend (no school)
Friday---Thanksgiving Weekend (no school)

Week 14 (December 1-5)
Monday---7-Study Guide/Review for test
Tuesday---Test, chapter 7
Wednesday---Late Start---Finish Test
Thursday---Chapter 7 questions as follows:
1.What are typical lengths of fiscal periods? (give two)
2.Which accounting concept is being applied when a business summarizes and reports financial information for a fiscal period?
3.What are four reasons for preparing a worksheet?
4.What are the three lines of a worksheet heading?
5.How is the equality of debits and credits proved in a general ledger?
6.Why is an adjustment for supplies planned at the end of a fiscal period?
7.What four questions are asked in analyzing the supplies adjustment?
8.What accounts are affected, and how, by the adjustment for supplies?
9.After a supplies adjustment, what does the supplies account balance represent?
10.What accounts are affected, and how, by the adjustment for prepaid insurance?
11.Why are the adjustments columns on a worksheet totaled?
12.What two financial statements are prepared from information on a worksheet?
13.What account balances are extended to the balance sheet columns of a worksheet?
14.What account balances are extended to the income statement columns of a worksheet?
15.If a worksheet shows a net income, in which two columns will the net income be recorded?
16.How are the amounts in the income statement and balance sheet columns of a worksheet proved?
17.If beginning supplies is 800 and supplies on hand at the end of the month is 600, how much goes into adjustment credit column? Balance sheet debit column?
18.Define net income with relation to expenses and sales.
19.Define net loss with relation to expenses and sales.
20.What is the equation for figuring the supplies adjustment?
21.What is the equation for figuring the prepaid insurance adjustment?
Friday---Introduction to chapter 8---8-1 WT (together) and then put it onto Excel (new tab on reconciliation worksheet)

Week 15 (December 8-12)
Monday---Columbian Time---8-2 On Own (together) put it onto Excel
Tuesday---8-1,2 Application / 8-3 Master
Wednesday---Finish chapter 8-1 and 8-2 on your own (in pencil in packet)
Questions: 1.Which accounting concept is being applied when all the information about a business' finacial condition is reported on financial statements?
2.Which accounting concept is being applied when financial statements are prepared at least once each year?
3.For what period of time does an income statement report financial progress of a business?
4.For what period of time does a balance sheet report financial condition of a business?
5.Which accounting concept is being applied when revenue earned and the expenses incurred to earn that revenue are recorded in the same fiscal period?
6.What are the four sections of an income statement?
7.What information is found in an income statement heading?
8.What is the formula for calculating the total expenses component percentage?
9.What is the formula for calculating the net income component percentage?
10.How is revenue shown on an income statement when a business has two sources of revenue?
11.What are the four sections of a balance sheet?
12.What information is found in a balance sheet heading?
13.What is the formula for calculating the amount of (current) capital to report on a balance sheet?
14.Where does the information to fill out the income statement and balance sheet come from?
15.What is the accounting equation?
16.Why aren't drawing and net income or loss listed on the balance sheet?
17.How can you check your net income figure on the income statement for accuracy?
18.What account classifications are on the income statement?
19.What account classifications are on the balance sheet?
20.What are the two financial statements in this chapter?
Thursday---Quiz, chapter 8 (hand in questions and all other work)
Friday---Progress Report 2---finish quiz

Week 16 (December 15-19)
Monday---(late start)reinvorcement activity part 2, balance sheet
Tuesday---(late start)reinforcement activity part 2, income statement and balance sheet
Wednesday---Snow Day
Thursday---Snow Day
Friday---Snow Day

Week 17 (January 5-9)
Monday---Snow Day
Tuesday---Introduction to chapter 9 (9-1 work together)
Wednesday---finish 9-1 work together
Thursday---9-1 on your own (finish and turn in)
Friday---9-Study guide

Week 18 (January 12-16)
Monday---Senior Ball Court Voting---
First, make sure you have the packet done and the study guide done.
Next, type the following questions and answers into Word, print, and hand in.(50 points!)

Questions
1.Which accounting concept is being applied when information in a general ledger is summarized on a worksheet at the end of each fiscal period?
2.Why are adjusting entries journalized and posted at the end of a fiscal period?
3.How are adjusting entries identified in a journal?
4.What accounts are affected, and how, by the adjusting entry for supplies?
5.What accounts are affected, and how, by the adjusting entry for prepaid insurance?
6.Why are closing entries journalized and posted at the end of a fiscal period?
7.How is the income summary account used?
8.Why is the income summary account considered unique?
9.What is the entry (both lines) to close sales?
10.What is the entry (all lines) to close expenses?
11.What four types of accounts are closed at the end of a fiscal period?
12.What effect to withdrawals have on the owner's equity?
13.After the closing entries are posted, how is the balance of the capital account verified?
14.Why is a post-closing trial balance prepared after the closing entries have been posted?
15.What accounts appear on a post-closing trial balance?
16.What are the 8 steps of an accounting cycle? (list is okay!)
17.List two types of permanent accounts.
18.List two types of temporary accounts.
19.What is the entry (both lines) to close a net income?
20.What is the entry (both lines) to close a net loss?

Vocab
21.adjusting entries
22.permanent accounts
23.temporary accounts
24.closing entries
25.post-closing trial balance
Tuesday---Review chapter 9 (problem 9-R), begin 9-1,2 application (see link on Wednesday's lesson).
Wednesday---9-1 and 9-2 application
Thursday---Senior Ball Tapping---Adjusting and ClosingReinforcement Exercise
Friday---Senior Ball king/queen voting---
Vocab on test:
account number
accounting cycle
adjusting entries
bank statement
blank endorsement
checking account
closing entries
dishonored check
electronic funds transfer
file maintenance
fiscal period
general ledger
income statement
ledger
net income
net loss
opening an account
permanent accounts
post-closing trial balance
postdated check
petty cash
petty cash slip
restrictive endorsement
special endorsement
temporary accounts
trial balance
work sheet

Week 19 (January 19-23)
Monday---MLK Holiday-No School
Tuesday---Review for Problem portion of Test
Wednesday---Final
Thursday---Final---Semester 1 Grades Due!
Friday---Grade Day-No School

END OF SEMESTER
Week 20 (January 26-30)
Monday---Introduction to chapter 10, create expanded journal in excel
Tuesday---Snow Day
Wednesday---Practice chapter 10 transactions on paper T accounts
Thursday---Chapter 10 study guide
Friday---Student of the Month---
Work together (p.232, 237, 243) on paper together. (hand in)
On your own (p.232, 237, 243) on computer (print and hand in).

Week 21 (February 2-6)
Monday---Catch-Up Day
Tuesday---Forecasting PowerPoint---10-1,2,3 application (do together on same extended journal)
*don't forget to prove equality of debits and credits.
*print and hand in (needs to fit on one page in landscape mode).
Wednesday---10-5 Master, p.246 (print and hand in) (should have proving table beneath like yesterday)
*proving totals should be 11,338.
Thursday---Electives Assembly---

Cheat Sheet!

Friday---
Please answer the following questions (for 40 points), print, and hand in!
*don't forget the vocab!
1.Why would two or more persons want to own a single business? (2 positive, 2 negative)
2.What makes the activities of a merchandising business different from those of a service business?
3.What are noncash transactions?
4.What is the advantage of an 11 column journal rather than a 5 column?
5.What is the title of the account that shows the cost of merchandise purchased for sale?
6.What is the account classification of purchases?
7.Which accounting concept is being applied when merchandise and other items bought are recorded and reported at the price agreed upon at the time the transactions occur?
8.What accounts ar affected, and how, when merchandise is purchased for cash?
9.Why is a check mark placed in the Account Title column of an expanded journal for a cash purchase (of merchandise) transaction?
10.What is another word for merchandise?
11.What accounts are affected, and how, when merchandise is purchased on account?
12.Why are the account titles for a purchase of merchandise for cash not written in the account title column?
13.Why are supplies bought recorded in a separate supplies account rather than in the purchases account?
What accounts are affected, and how, when store supplies are bought on account?
14.What accounts are affected, and how, when a cash payment on account is made?
15.What accounts are affected, and how, when a withdrawl of merchandise is made?
Vocabulary
16.retail merchandising business
17.wholesale merchandising business
18.cost of merchandising
19.markup
20.vendor

Week 22 (February 9-13)
Monday---Brief Notes, chapter 11 (together)
*do work together, on your own, p.259 on a blank extended journal with debit/credit check at bottom.
*print/hand in work together and on your own.
Tuesday---SNOW DAY---
Wednesday---Late Start(ice)---*do 11-1, 11-2 application on p.268 (print it if finished).

Thursday---*11-2 work together, p.266 (put cash proof into extended journal page 2)
Friday---11-Challenge, p.270

Week 23 (February 16-20)
Monday---Presidents Day--No School
Tuesday---Finish 11-Challenge, p.270
Wednesday---Review Questions for test
1.A sale of merchandise may be either one of two ways.....list each:
2.How are sales taxes computed?
3.How much would the sales tax be (at 8.5%) on an item that cost $17,233.50?
4.How are credit card sales handled?
5.Which accounting concept is being applied when a cash register tape is used as the source document for cash and credit card sales?
6.What accounts are affected, and how, for a cash and credit card sales transaction?
7.Why is a check mark placed in the Account Title column of an expanded journal when journalizing cash and credit card sales?
8.What is another name used for a sale on account?
9.What is the source document for a sale on account transaction?
10.What is the source document for a purchase on account transaction?
11.What is the source document for a withdrawl of merchandise by owner?
12.What is the source document for a receipt of cash on account?
13.What is the source document for a purchase of supplies for cash?
14.What is the source document for cash and credit card sales?
15.What accounts are affected, and how, for a sale on account transaction?
16.What does a source document "T" stand for?
17.How do you determine what number should be by the "T" in the document number?
18.What accounts are affected, and how, for a cash receipt on account transaction?
19.On a two page journal, what do you write on the bottom of page 1 in the account title area?
20.What about at the top of page 2?
Extra credit: *11-5 master, p.269
On the top of your journal, record the following entries to be brought forward:
A/R Debit $1,264.12
A/R Credit $1,380.81
Sales Credit $12,397
Sales Tax Payable Credit $495.88
Cash Debit $13,009.57

Thursday---Chapter 10,11 test
*please take the test at a computer. The tests are A and B versions.
You can't use your book, but please use the pop up "cheat sheet" on the website.
*print off a different spreadsheet for both 10 and 11 transactions and staple them to your test.
Friday---Finish chapter 10,11 test
*when you're finished, make sure all your assignments (including ch. 10 and 11 questions) are done.
Week 24 (February 23-27)
Monday---Finish Test/catch up day
Tuesday---12-1,2,3,4 Work Together (do together)
Wednesday---12-1,2,3,4 On Own (turn in)
Thursday---Snow Day
Friday---Student of the Month---
12-1 application

Week 25 (March 2-6)
Monday---Columbian Time---
*first, open the accounts into problem 12-2 app according to the ones listed in the book.
*next, open each account with appropriate balances.
*asset and expense accounts have debit balances, liabilities, sales, and STP have credit balances.
*post each entry that needs to be posted individually (general debit and credit, A/R debit and credit, and A/P debit and credit).
*after you've posted items in the just-mentioned columns, post all the column totals that need to be posted.
*Do your schedule of A/P at the end and check your figure against A/P in the general ledger. It should be the same!
12-2 application
**if you're already done, take a look at chapter 13.
Tuesday---12-3 application
Wednesday---Late Start---begin 12-5 master
General Ledger:
cash 20316 debit (26476.20)
A/R 3339 debit (2537.64)
Supplies Office 3552 debit (3651.60)
Supplies Store 4104 debit (4231.20)
A/P 12498 credit (11208)
STP 1332 credit (2688.84)
KJ Drawing 15288 debit (16653.60)
JR Drawing 14832 debit (16032)
Sales 220512 credit (243126)
Purchases 113796 debit (126201.60)
Advertising Expense 2358 (2678.40)debit
Misc. Expense 1365.60 debit (1461.60)
Rent Expense 15000 debit (16500)
Utilities Expense 2076 debit (2283.60)

A/P Ledger
Aquacare 3816 (cancels out)
Custom Pool Supply 2382 (3516)
Malibu Pools 3468 (4464)
Sun-Brite Pool Supplies 2832 (3228)

A/R Ledger
Cheryl Blackman 546.96 (cancels out)
John Falk 1723.56 (915.84)
Linda Karagin 1068.48 (756.84)
Allen Stewart no balance (864.96)

Thursday---Begin 12-M
Friday---Progress Report 3---Work on 12-M
*post everything that needs to be posted individually.
*don't post items in yellow until you post their column totals.

Week 26 (March 9-13)
Monday---
12-Challenge (balances)

General Ledger
Cash (1110) 20220 debit (35076.24)
Accounts Receivable (1130) 3479.40 debit (4562.64)
Supplies-Office (1150) 3162 debit (3202)
Supplies-Store (1160) 2592 debit (2901)
Accounts Payable (2110) 9627.60 credit (7677.60)
Sales Tax Payable (2120) 1574.40 (3736.88)
Julie Freed, Drawing (3120) 14300 debit (16000)
Troy Nordstrom, Drawing (3140) 14040 debit (15540)
Sales (4110) 262498.80 credit (289529.80)
Purchases (5110) 135000 debit (141224.80)
Advertising Expense (6110) 3528 debit (3590)
Miscellaneous Expense (6140) 1692 debit (1790)
Rent Expense (6160) 10350 debit (11500)
Utilities Expense (6190) 2142 debit (2362.20)

Accounts Payable Ledger
Design Golf (210) 2916 (2790)
Eagle Gold Equipment (220) 2358 (cancels out)
Golf Source (230) No Balance (258)
Pro Golf Supply (240) 1137.60 (2679.60)
Vista Golf Co. (250) 3216 (1950)

Accounts Receivable Ledger
David Bench (110) 972 (cancels out)
Viola Davis (120) 829.44 (cancels out)
Barry Fuller (130) No Balance (1420.20)
Doris McCarley (140) 1392.84 (1723.32)
Leona Silva (150) 285.12 (1419.12)
Tuesday---Work on 12-C
Wednesday---Finish 12-C
Thursday---Questions, chapter 12 (due Friday):
1.What ledger contains all accounts needed to prepare an income statement and a balance sheet?
2.Why would a business keep a separate ledger for vendors and for customers?
3.Which ledger contains amounts we owe to vendors?
4.Which ledger contains amounts owed us by customers?
5.What is the title of the general ledger controlling account for vendors?
6.What is the title of the general ledtger controlling account for customers?
7.In the combined journal, which totals need to be posted individually? (list all of them)
8.Why are amounts recorded in a journal's general amount column posted individually?
9.Why is a check mark placed in parentheses below the general debit and general credit column totals?
10.What does the first digit in a vendor or cutomer number identify?
11.Why does the 3-column account form used in an accounts payable ledger have a credit balance column?
12.Why is posting of separate amounts in the accounts payable columns done often?
13.How are subsidiary ledgers proved at the end of a month?
14.Which ledger has 4-digit account numbers?
15.Which ledger(s) have 3-digit account numbers?
16.Do accounts in the A/P ledger have debit or credit balance?
17.Do accounts in the A/R ledger have debit or credit balance?
18.How do you know what to write in the Post Ref column of the ledgers? (entries)
19.Which column totals in the journal have check marks underneath them?
20.Assets in the general ledger start with what number?
21.Expenses?
22.Liabilities?
23.Purchases?
24.Sales?
25.Capital?
Friday---

Week 27 (March 16-20)
Monday---Columbian Time---
*13-1 Work Together, on own
*13-2 Work Together, on own
Tuesday---
Finish and hand in chapter 12 questions (catch up day when finished).
Wednesday---
In Excel, create separate files for each of the following:
1.13-1 Type in formulas fore earnings and total earnings (save as time card)
2.13-2 Type in formulas for federal, social security, and medicare(save as withholding)
3.13-3 Type in names, regular, and ovetime listed without formulas for now (save as payroll register)
Thursday---Parent/Teacher Conferences (4-8:00pm)--
Finish mondays assignments and check off with Schafer Friday---No School-Parent/Teacher Conferences (9:00am-12:00pm)

Week 28 (March 30-April 3)
Monday---
FROM HERE ON OUT, YOU'LL BE GETTING 10 POINTS PER DAY PARTICIPATION
*for a tardy, you'll miss 3 points
*if I catch you on a game before you're done with your assignment, you'll miss 5 points (twice you'll get a 0)
*I'll look at your overall productivity for the day when determining you grade.
*I'll enter your participation grade in at the end of each week.
*13-3 Work Together, on own
*13-4 Work Together, on own
Tuesday---Student of the Month---
13-1 application and finish 13-packet (turn in).
Wednesday---
register Thursday---
Video-ENRON
Friday---
finish video-ENRON
Week 29 (April 6-10)
Monday---Columbian Time---
13-5 and 13-6
Tuesday---
Review for Test (do the following questions) 1.How often may a business decide to pay its employees (2 answers)
2.What infomration is presented at the top of a time card?
3.On waht amount are employee payroll taxes based?
4.What factors determine the amount of federal income tax withheld from an employee?
5.How does the number of withholding allowances affect the amount of federal income tax withheld?
6.What amount is deposited into a payroll checking account?
7.Where is the information obtained to prepare a payroll check?
8.How do you figure overtime wages?
9.What types of liabilities are withheld from each persons check? (3 answers)
10.What 2 deductions can a person choose to have withheld from their check?
11.How much federal tax would be withheld from a married person (3 exemptions) making $1000?
12.What about a single person with 2 deductions making the same amount?
13.What personal information is listed in the payroll register? (3 answers)
14.Which liability is affected by the number of withholding allowances?
15.How is accumulated earnings column of the employee earnings record computed?
Vocab:
employee earnings record
medicare tax
net pay
payroll
payroll register
payroll taxes
salary
social security tax
tax base
total earning
withholding allowance
Wednesday---
Test-chapter 13
Thursday---3rd quarter grades due!---
Finish Test
Friday---Grade Day-No School

Week 30 (April 13-17)
Monday---
company info page This week, we're going to be putting powerpoints together on a certain company.
I'll run a lottery and give first pick to each student whose name comes up first.
Needs to be approximately 15 slides as follows:
Slide 1-Intro with company name, location, and number of employees, mission statement
Slide 2-Types of products presently making and what makes them unique.
Slide 3-President of the company, a little background (maybe former companies worked for)
Slide 4-How the company got started, interesting early tidbits
Slides 5-10 Company through the ages, timeline style. (could use decades, etc.)
--include how products/services evolved over the time frame.
Slide 11-acquisitions of different companies
Slide 12-company strategies and reasons for their success (product innovations).
Slide 13-major contracts/awards won.
Slide 14-Major competitors
Slide 15-Major patents held
Slide 16-Stock prices (graph with excel over a number of years and include today's price)
Slide 17-How is the company doing during the present economic downturn?
Slide 18-Future direction/vision of company. Do you think they will succeed? Why?
Tuesday---
Wednesday---
Work on powerpoints (10 points participation)
Thursday---
Work on powerpoints (10 points participation)
Friday---
Work on powerpoints (10 points participation)

Week 31 (April 20-24)
Monday---Columbian Time---
Work on powerpoints (10 points participation)
Tuesday---Prom Court Voting---
Finalize powerpoints and speeches
Wednesday---
*practice speeches/custom animation in powerpoints.
Thursday---Prom Court Tapping
Speeches. Please use scoring sheet for points
You'll get your 10 points participation if you're taking notes and/or working on your assignment
Other usual rules apply.
Friday---

Week 32 (April 27-May 1)
Monday---Speeches
Tuesday---Speeches
Wednesday---Prom King/Queen Voting---speeches
Thursday---Student of the Month---speeches
Friday---
*Today I want you to do some journal entries as a review.
*Here is the cheat sheet if you need it.
Review transactions and journalize them.

Week 33 (May 4-8)
Monday---Finish presentations (and hand in notes pages)---
*if you were gone, get the names of the companies you missed and look up 5 pieces of information about each.
Tuesday---Video-Nike
Wednesday---Introduction to chapter 14
Thursday---
Friday---Progress Report 4---

Week 34 (May 11-15)
Monday--- Chapter 14 study guide (hand out)
Tuesday---14-4 work together (as group), and on own--Hand in Ch. 14 packet
14-4 Application, 14-4 master
Wednesday---finish 14-5 master
Thursday---
Questions:

How often do businesses generally pay their FUTA and SUTA?

Federal Income Tax is also known as what?

Which two taxes are owed by both employees and employers?

Pay before taxes is known as what?

Pay after taxes is known as what?

When you figure FUTA and SUTA, which one do you use?

Which 4 taxes are employers responsible for?

FUTA and SUTA must be paid by the employer until employees reach what income level?

Why are FUTA and SUTA paid separately instead of with one check?

Why is the state unemployment tax rate so much higher than the federal?

When we pay payroll, what goes on the first line of the journal entry?

On that line, what is debited? Credited?

If gross pay is 4,000, EITP is 500, FICA 200, and Health Insurance 100, what is net pay?

When the employer records their payroll taxes expense, what account name is written on the first line of the journal?

What is the main difference between payroll taxes expense and salary expense?

What percentage would cover both employee and employer burden for Social Security?

What about Medicare?

Generally, how often is an entry made to record salary expense?

Which accounts are affected, and how, by an entry to record payment of FUTA?

SUTA?

What are 5 things (taxes, etc) that may be withheld from an employees check?

How do we figure the debit amount for recording payroll taxes expense?

Why are box 1, 3, and 5 on the form W2 (page 341) usually the same?

If I made $5,550 how much social security and medicare would be owed in total?

How do we (the business) decide how much federal tax to withhold from paychecks?

Friday---Catch-up Day
Week 35 (May 18-22)
Monday---Spring Fling Kick-off Assembly---
14-6 challenge
Tuesday---Choir Idol Round 2---
Finish challenge problem
Wednesday---
final ledger balances:
EITP 0
SSTP 0
MTP 0
FUTA 0
SUTA 0
USSBP 0
PTE 5191.40 (or 5191.39)
Salary Expense 36559.00
Thursday---Choir Idol Finals---
Continue 14 challenge
Friday---
Finish 14 challenge
Week 36 (May 25-29)
Monday---Memorial Day (no school)
Tuesday---Review for chapter 14 test
Wednesday---14 test
Thursday---Student of the Month
15 worksheet
15-D1
Friday---Senior's Last Day! Congratulations!!!
15-D2 (on same excel form as 15-D1)
15-1 Application
*This is all we're doing on chapter 15!

Week 37 (June 1-5)
Monday---Columbian Time---
chapter 16 working papers
Tuesday---Work on chapter 16 tab 2
Wednesday---Work on Chapter 16 tab 3
Thursday---Introduction to chapter 17
Friday---17 Master Problem page 444

Week 38 (June 8-12)
Monday---Finish 17 Master (post closing trial balance)
Tuesday---Begin Reinforcement Activity 2. This will act as your final!
It's worth the following points
Journal-25 points
GL-25 points
A/P Ledger-15 points
A/R Ledger-15 points
Sched of Accounts Pay and Rec-15 points
Worksheet-25 points
Income Statement-25 points
Dist. Of Net Income-10 points
Owner's Equity Statement-20 points
Adjusting and Closing Entries-25 points
Post-Closing Trial Balance-25 points
**Total=200 points!
Wednesday---Finish Posting, do Income Statement
Posting should be as follows:
General Ledger

Cash-40126.14 Debit
Petty Cash-no change
Accounts Receivable-1666.32 Debit
Merchandise Inventory-no change
Supplies-office 5030.60 Debit
Suplies-store 5924 Debit
Prepaid Insurance No change
Accounts Payable 8279.60 credit
EITP-351 credit
SSTP 786.50 credit
MTP 181.50 credit
STP 3882.28 credit
FUTA 18 credit
SUTA 121.50 credit
Health 680 credut
US Sav. Bonds 120 credit
United Way 180 credit
Ester Burks, Cap. No Change
Ester Burks, Draw 18300 debit
Juan Ortiz, Cap. No Change
Juan Ortiz, Draw 18390 debit
Income Summary No Change
Sales 362988 Credit
Purchases 145818 debit
Advertising Expense 5594 debit
Credit Card Fee Expense 3832 debit
Insurance Expense no change
Misc. Expense 2207 debit
PTE 7353.2 debit
Rent Expense 14400 debit
Salary Expense 68200 debit
Supplies Expense-Office No Change
Supplies Expense-Store No Change
Utilities Expense-3656.20

A/P Ledger

ABC Optical 1940
Central Office Supply 351.60
Eyecare Optical 3276
Optical mart 1350
Solar Optical 1032
Zen Supply 330

A/R Ledger

Doritha Busch 477
Linda Cortez 519.40
Dallas Giles 489.72
Kristin Jung No Balance
Jack O'Brien 180.20
Don Teal No Balance
Thursday---Recon problem
Friday---Recon problem (show to Mrs. Gibson if finished)

Week 39 (June 15-16)
Monday---finish and show recon problem to Mrs. Gibson
Tuesday---1/2 day---Last day for students....congratulations!