July+6

Day 3 as we close out the week and head into another hot summer weekend.

Today's activities included: - modifying and adding to the supplemental package on adjustments that was provided yesterday, - How to determine Beginning Owner's Equity or Ending Owner's Equity from information about changes to Assets and Liabilities - finishing the textbook questions on adjustments and then took up the questions

- more practice questions on adjustments and then took up the questions

- Part of being an accountant is being able to use and communicate information about the financial statements to their users. We looked at a "Communications" adjusting entry question and things to consider when answering them.

- We rounded out the day by completing a practice "Communications" adjusting question and doing a Quiz on adjustments. Both were handed in to be reviewed and to receive feedback before the Unit 1 test.

On Monday you will work on a Unit 1 (Chapters 1 to 4) Review package and then we will take it up. You will also do some other review exercises in preparation for Tuesday's Unit 1 Test.

Have a good weekend and see you Monday.