Transactions for Revenue, Expense and Withdrawals

In class students took their first quiz on chapters 1 and 2.  Afterwards, we reviewed the basic accounting equation (ASSETS = LIABILITIES + OWNER'S EQUITY) and looked at transactions that affect these accounts.  Students were later introduced to transactions that affect revenue, expense and withdrawals.

The homework is listed below and the notes are attached.

Notes - Transactions that affect Revenue, Expense and Withdrawals

HW -  Finish 3-4, 3-5, 3-6, 3-7, 3-8
        -  Read pgs. 81-84 and 86-89