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LESSON 1-2 How Business Activities Change the Accounting Equation

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Presentation on theme: "LESSON 1-2 How Business Activities Change the Accounting Equation"— Presentation transcript:

1 LESSON 1-2 How Business Activities Change the Accounting Equation
8/3/2018 LESSON 1-2 How Business Activities Change the Accounting Equation

2 Lesson Essential Question
How do business activities change the accounting equation? LESSON 1-2

3 RECEIVING CASH page 10 Transaction 1 August 1. Received cash from owner as an investment, $5, LESSON 1-2

4 PAYING CASH Transaction 2 August 3. Paid cash for supplies, $275.00.
page 11 Transaction 2 August 3. Paid cash for supplies, $ Transaction 3 August 4. Paid cash for insurance, $1, LESSON 1-2

5 TRANSACTIONS ON ACCOUNT
page 12 Transaction 4 August 7. Bought supplies on account from Supply Depot, $ Transaction 5 August 11. Paid cash on account to Supply Depot, $ LESSON 1-2

6 TERMS REVIEW transaction account account title account balance capital
page 13 transaction account account title account balance capital LESSON 1-2

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