What you Missed This Week

Happy Friday! Here's what you missed this week in Accounting I...

This week's assignments:

• Aplia: Chapter 2 Study Guide (due 10/14 11PM)
• Chapter 2 Review Activity 
• Schoology: American Enterprise Day Activity 

Unit 2 bell ringer questions to date: 

1. What are the three parts of the accounting equation?
   
2. What is the accounting equation? 
   
3. What side of the equation are assets listed? 
   
4. How is owner’s equity affected when cash is received from sales? 
   
5. How can a transaction affect only one side of the accounting equation?
   
6. What is on the left side of the accounting equation? Right?
   
7. What does it mean when using the term normal balance?
   
8. The right side of the T account is considered what?
   
9. What is the normal balance side of an asset account?
   
10. What is the normal balance side of the owner’s capital account?
    

Have a great weekend! See you Monday!!