ACCOUNTING 11 LECTURES

TERM 2

Chapter 5 and 6 – Journal Entries, T-Accounts, Trial Balance, Balance Sheet, Taxes – GST and PST

Landscaping Project – Books for one month, 20+ transactions, 20+ Journal Entries, T-Account Entries, Balance Sheet Beginning and End, Income Statement – Excel template in Course Folder

Quizzes for Chapter 5 and 6

Watch this to understand Bonds and Money

MONDAY NOV 3

WORK MODE
HAND IN BY WEDNESDAY TO GET MARKED FOR REPORT CARD

SORRY IT IS LATE BUT CHAPTER 4 QUIZ WILL BE THIS THURSDAY
DETAILS TO FOLLOW

AC 11 – LECTURES FOR Mon – Thur (OCT 20-23)

Monday
Continue doing the spreadsheet chapter 4
Check work is 100% correct using teacher guide
The main focus here is the T-Accounts
We were starting to understand the left – right system of keeping the books in balance
Each t-account represents an account of the business
Debits must equal what?
Left Side entries must equal what?

Asset accounts – Money and other accounts like equipment, vehicles, land, buildings etc.
Liability Accounts – Debts – short term and long term
Equity Accounts – Revenue and Expenses

Chapter 4 quiz will be you are given a balance sheet and you must set up t-accounts
Then 10 transactions
New Balance Sheet

If you are done chapter 4, you can move on to chapter 5
If you want to start working on the final project you can
Landscaping Business
template in folder
Set up the balance sheet
Set up T-Accounts
20+ Transactions in a month
Income Statement
Balance Sheet

LECTURE FOR TUESDAY – WEDNESDAY

I don’t know when I will be returning so I am going to teach using notes and videos through this page.

CHAPTER 3,4 AND PRESENTATION WILL BE DUE NOV 5

CHAPTER 4 QUIZ WILL BE END OF NEXT WEEK.

Watch these videos for now. Watch the bottom video (14 mins) on accounting