Sept+9+ACCT+1

Chapter 2 Analyzing Debits into Credit and Debit Parts

1. Define accounting terms related to analyzing transactions into debit and credit parts. 2. Identify accounting practices related to analyzing transactions into debit and credit parts. 3. Use T accounts to analyze transactions showing which accounts are debited and credited 4. Analyze how transactions to set up a business affect accounts. 5. Analyze how transactions affect owners equity accounts.
 * __Objectives:__**

1.Please do not forget about the homework due tomorrow at the beginning of the period. 2. Read pages 28-30 2. Download the Lecture Notes 3.Download the CW assignment
 * __Warm-Up:__**

Even though the effects of transactions can be recorded in an accounting equation, the procedure is not practical in an actual accounting system. The number of accounts used by most businesses would make the accounting ewquation cumbersome to use as a major financial record:
 * __Lesson Focus:__**




 * __Class Work:__** Please complete and post to your wikispace:




 * __Homework:__** Due Sept 10 at the beginning of the period