1. LESSON 2-1 Using T Accounts*
LESSON 2-1
Using T Accounts
LESSON 2-1 *

2. ANALYZING THE ACCOUNTING EQUATION*
ANALYZING THE ACCOUNTING EQUATION
page 28
LESSON 2-1
LESSON 2-1

3. *
ACCOUNTS
page 29
LESSON 2-1
LESSON 2-1

4. *
ACCOUNT BALANCES
page 29
LESSON 2-1
LESSON 2-1

5. INCREASES AND DECREASES IN ACCOUNTS*
INCREASES AND DECREASES IN ACCOUNTS
page 30
LESSON 2-1
LESSON 2-1

6. TERMS REVIEW T account debit credit normal balance LESSON 2-1 *
page 31
T account
debit
credit
normal balance
LESSON 2-1
LESSON 2-1

7. LESSON 2-1 Analyzing How Transactions Affect Accounts*
LESSON 2-2
Analyzing How Transactions Affect Accounts
LESSON 2-1 *

8. RECEIVED CASH FROM OWNER AS AN INVESTMENT*
RECEIVED CASH FROM OWNER AS AN INVESTMENT
page 32
August 1. Received cash from owner as an investment, $5, 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-2
LESSON 2-2

9. PAID CASH FOR SUPPLIES August 3. Paid cash for supplies, $275.00.*
PAID CASH FOR SUPPLIES
page 33
August 3. Paid cash for supplies, $ 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-2
LESSON 2-2

10. PAID CASH FOR INSURANCE*
PAID CASH FOR INSURANCE
page 34
August 4. Paid cash for insurance, $1, 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-2
LESSON 2-2

11. BOUGHT SUPPLIES ON ACCOUNT*
BOUGHT SUPPLIES ON ACCOUNT
page 35
August 7. Bought supplies on account from Supply Depot, $ 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-2
LESSON 2-2

12. *
PAID CASH ON ACCOUNT
page 36
August 11. Paid cash on account to Supply Depot, $ 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-2
LESSON 2-2

13. *
TERM REVIEW
page 37
chart of accounts
LESSON 2-2
LESSON 2-2

14. LESSON 2-1 Analyzing How Transactions Affect Owner’s Equity Accounts*
LESSON 2-3
Analyzing How Transactions Affect Owner’s Equity Accounts
LESSON 2-1
Green *

15. RECEIVED CASH FROM SALES*
RECEIVED CASH FROM SALES
page 38
August 12. Received cash from sales, $ 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-3
LESSON 2-3

16. SOLD SERVICES ON ACCOUNT*
SOLD SERVICES ON ACCOUNT
page 39
August 12. Sold services on account to Oakdale School, $ 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-3
LESSON 2-3

17. PAID CASH FOR AN EXPENSE*
PAID CASH FOR AN EXPENSE
page 40
August 12. Paid cash for rent, $ 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-3
LESSON 2-3

18. RECEIVED CASH ON ACCOUNT*
RECEIVED CASH ON ACCOUNT
page 41
August 18. Received cash on account from Oakdale School, $ 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-3
LESSON 2-3

19. PAID CASH TO OWNER FOR PERSONAL USE*
PAID CASH TO OWNER FOR PERSONAL USE
page 42
August 12. Paid cash to owner for personal use, $ 2 1 4 3
1. Which accounts are affected?
2. How is each account classified?
3. How is each classification changed?
4. How is each amount entered in the accounts?
LESSON 2-3
LESSON 2-3