Lesson 18
Learning Goals:
assess the effects that transactions have on the accounts and financial statements of a service business;
record transactions using the journals and ledgers of a service business;
prepare a trial balance and the financial statements for a service business;
describe the accounting practices particular to sales tax (e.g., accounts required, financial statement
presentation
Success Criteria: I will be successful when I Describe what a journal’ is and why it is necessary in accounting Be able to journalize a transaction, using proper accounting procedures Summarize the different types of Source Documents and their corresponding journal entries Be able to journalize transactions that include sales tax
Students to complete this after you've finished all activities/tasks in today's lesson.