LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts
RECEIVED CASH FROM SALES LESSON  2-3 page 38 August 12. Received cash from sales, $295.00. 1. Which accounts are affected?...
SOLD SERVICES ON ACCOUNT LESSON  2-3 page 39 August 12. Sold services on account to Oakdale School, $350.00. 1. Which acco...
PAID CASH FOR AN EXPENSE LESSON  2-3 page 40 August 12. Paid cash for rent, $300.00. 1. Which accounts are affected? 2. Ho...
RECEIVED CASH ON ACCOUNT LESSON  2-3 page 41 August 12. Received cash on account from Oakdale School, $200.00. 1. Which ac...
PAID CASH TO OWNER  FOR PERSONAL USE LESSON  2-3 page 42 August 12. Paid cash to owner for personal use, $125.00. 1. Which...
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  • LESSON 2-3 09/01/10
  • Lesson02 3g

    1. 1. LESSON 2-3 Analyzing How Transactions Affect Owner’s Equity Accounts
    2. 2. RECEIVED CASH FROM SALES LESSON 2-3 page 38 August 12. Received cash from sales, $295.00. 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? 1 1 3 3 4 4 2 2
    3. 3. SOLD SERVICES ON ACCOUNT LESSON 2-3 page 39 August 12. Sold services on account to Oakdale School, $350.00. 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? 1 1 3 3 4 4 2 2
    4. 4. PAID CASH FOR AN EXPENSE LESSON 2-3 page 40 August 12. Paid cash for rent, $300.00. 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? 1 1 4 4 2 2 3 3 3
    5. 5. RECEIVED CASH ON ACCOUNT LESSON 2-3 page 41 August 12. Received cash on account from Oakdale School, $200.00. 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? 1 1 3 3 4 4 2
    6. 6. PAID CASH TO OWNER FOR PERSONAL USE LESSON 2-3 page 42 August 12. Paid cash to owner for personal use, $125.00. 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? 4 4 2 2 3 3 3 1 1

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