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We will review the homework exercises for this session.
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We will review the homework exercises for this session.
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Introduction of new accounts and journal entries that a merchandiser would use to buy and sell merchandise for cash and on account. We will also discuss the concept of cost of goods sold and how to calculate net sales and cost of merchandise inventory purchased. Use Demonstration Problems for Session 1 to follow the illustration.
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We will review homework problem #2, Phil Dyrt, Excavation, and exercises 1 & 2.
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We will review the homework problem and exercise for this session from the Student Resource Manual.
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We will review the homework for this session and also review Chapter 3.
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We will discuss business year ends and why adjustments to the trial balance are necessary. Examples of the five types of adjustments will be analyzed. We will also discuss and illustrate the adjusted trial balance.
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We will review homework exercises 1-4 and explain the concept of present valued of lump sum and an amenity.
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In this session we introduce and discuss the main methods to finance a corporation and each method's advantages and disadvantages.
