Final Class

In class students finished up Mini-Practice Set #4.  If you have not submitted the assignment, turn it in as soon as possible.

FInish Mini-Practice #4

In class student continued to work on Mini-Practice #4.  Please finish the assignment and any other missing assignments by Friday, May 15th.

Mini-Practice Set #4 Cont.

In class students continued to work on Mini-Practice Set #4 in class.  All work is due by Friday, May 15th.  So if you will not be in class next week due to an AP Exam or another obligation, you must finish all work outside of class.

Final Assignment - Mini-Practice Set #4

In class students completed workbook question 19-8.  Afterwards, students began working on the final assignment in the course Mini-Practice #4.  The assignment will be due 5/13.

The Worksheet and 3 Financials

In class students continued to work on problem 19-8, the worksheet and 3 financials.  The assignment is due Tuesday, have a nice weekend.

Financial Statements

In class we reviewed how to produce an income statement for a merchandising corporation.  The income statement is the most difficult of the 3 main financial statements we have covered.  Afterwards, student learned how to create the Statement of Retained Earnings and the Balance Sheet.  After completing an example, students began working on 19-8 which puts everything together-the 10 column worksheet and 3 financials.  We will continue working on the activity on Friday.

Financial Statements - The Income Statement

In class student learned about the four main financial statements for a merchandising corporations: 1) Income Statement, 2) Statement of Retained Earnings, 3) Balance Sheet and 4) Cash Flows Statement.  Afterwards, students produced an income Statement using the 18-7 worksheet.

The notes are attached and the homework is listed below.

Notes - Financial Statements of a Corporation

HW - Read 19.3