Day 17: Preview Chapter 2

Use What You've Got.... or lose it!

• Discuss Account Classifications
• Assets = Liabilities + Stockholders' Equity
• Investigate different accounts
• Cash
• Change Fund
• Petty Cash
• Accounts Receivable
• Allowance for Uncollectible Accounts
• Supplies
• Merchandise Inventory
• Prepaid Insurance
• PPE
• Equipment and Machinery
• Buildings
• Land
• Preview chapter 2 by watching the videos online
• T-Accounts and Journal Entries (6:00)
• General Journal and Ledgers (6:20)