Assignments: Week of September 2

9/2 Labor Day Holiday

9/3 A REVIEW OF THE ACCOUNTING CYCLE

Read Case 1 handout. You will have an opportunity to share ideas about the case with your group.
Read Chapter 2: 38-46 (This is a review chapter. If you need a more detailed coverage, refer to your accounting principles text.)

Is it time to simplify accounting standards?

Note: I have not assigned exercises in Chapter 1 because they deal with terminology You can review the exercises on your own and I will be happy to discuss any questions you have. (Check here AFTER you've tried the exercises)

9/5 ADJUSTING JOURNAL ENTRIES

There are still some things a computer can't do.
Read Chapter 2: pp. 47-51.
Case 1 due

Do handout problems (Don't forget to look over the review sheets on recording inventory purchases.)

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