GOOGLE CLASSROOM: qhmqi6j
QUESTION OF THE DAY
At the beginning of class, there will be a “Question of the Day” on the screen (also available right here on the class website). You should do your best to write a complete response (25 word minimum) to the question and EMAIL it to me. If you aren’t sure about what to write, please ask! No credit will be given for late QODs, unless you were absent that day. My email address is firstname.lastname@example.org.
Monday 3/22a: We are going to start learning about accounting for merchandising businesses. So, what exactly is a MERCHANDISING business?
Monday 3/22b: What is the main difference between merchandising businesses and service businesses?
Thursday 3/25a: What are some of the frequent transactions that a merchandising business probably has? (hint: think about cash transactions and ones on account)
Thursday 3/25b: In your own words, what types of transactions are recorded in a: Purchases Journal? Cash Payments Journal?
Monday 3/29: Last week, we started working with Purchases Journals and Cash Payments Journals … what is one advantage of using these and one challenge?
Thursday 4/1: Today we’re going to continue practicing with the Sales Journal and the Cash Receipts Journal. In your own words, what types of transactions do these two special journals record?
Monday 4/12: New Topic: What are SUBSIDIARY LEDGERS and why do you think that using them to keep track of AR and AP is so important. (don't answer this until we talk about it in class please!)
Thursday 4/15: What do you think is the most difficult part about special journals and subsidiary ledgers for YOU personally?
Monday 4/19: Today, we’re going to start learning about payroll accounting. What do you already know about paychecks and earning money?
Thursday 4/22: We got started with Payroll Accounting the other day. What did you think?
Monday 4/26: We are going to start on a comprehensive problem today covering everything we’ve learned so far this quarter. What do YOU think this problem will cover? (be specific)
Thursday 4/29: How do you feel about our test today? Are you ready to show me what you know???
Monday 5/3: What are some of the differences that you think there are between recording equity transactions for a corporation (compared to a sole proprietorship)?
Thursday 5/6: Today we are going to focus on the merchandise inventory account. Why is this topic so important for merchandising businesses?
Monday 5/10: Today we’re working on a comprehensive problem including many of the concepts that we’ve been working on this quarter … what part do you struggle most with?
Thursday 5/12: What do you think is mean by “uncollectible accounts”? Why are some accounts uncollectible?
Monday 5/17: What is the purpose of depreciation? How have we calculated depreciation expense up until now?
Every week, you will be responsible for finding a recent news article which relates to a relevant business, finance, or entrepreneurship topic. The criteria include:
- A 250-word paragraph that (1) summarizes your article, (2) explains how it relates to class, and (3) provides your own personal reflections on the topic.
- Typed in MS Word or Google Docs and attached to an email.
- Use MLA format for the paper and cite your source.
- No credit will be given if your current event does not meet all of these criteria.
Sample of Current Event in MLA Format
SYLLABUS AND WEEKLY SHEETS
FS Juniors Syllabus 2020-21 Q3
FS Juniors Course Guide 2020-21
FSJ Week 19
FSJ Week 20
FSJ Week 21
FSJ Week 22
FSJ Week 23
FSJ Week 24
FSJ Week 25
FSJ Week 26
FSJ Week 27
FSJ Week 28
FSJ Week 29
FSJ Week 30
FSJ Week 31
FSJ Week 32
FSJ Week 33
FSJ Week 34
Monday 3/22a: Merchandising Business Plan
Monday 3/22b: Income Statement for Your Merchandising Business
Thursday 3/25a: PJ CPJ Slim Shady
Thursday 3/25b: Creepy Pete's
Monday 3/29: Ed's Electronics and Simple Simon
Thursday 4/1: Practice PRA SRA and Handy Hal's
Monday 4/12: Grover's Grocery and Tippecanoe's Canoes
Thursday 4/15: Colby Jack's Cheese
Monday 4/19: Preparing Payroll Records
Thursday 4/22: Journalizing Payroll and Group Review of SJ with Payroll
Monday 4/26: PaperClipZ Comprehensive Problem
Thursday 4/29: Test!
Monday 5/3: Stockholders' Equity for a Corp. and Muzic Center Worksheet
Thursday 5/6: Merchandise Inventory Adjustments and Inventory Costing Methods
Monday 5/10: Comprehensive Problem - Jock's Sporting Goods
Thursday 5/12: Uncollectible Accounts/Writing Off Accounts
Monday 5/17: Accounting for Depreciation and WebXam
Thursday 5/20: Wrap-up Day!
JOURNEY PAPER: Junior Journey Paper (due May 20)