Business Math/Accounting 101

Business Math/Accounting 101 2020-2021
Mondays, 10:30-12:30pm
Instructor – Mrs. Stafford

Homework for February 15th:
Finish setting up your “Chart of Accounts-Balance Sheet” for Sushi Coma using the PDF document “Student Activity Guide-Sushi Coma” if you have not done so already. This exercise runs through the top of page 13. NOTE:This work should have already been completed for class this week.
 
**I will be accessing your account tomorrow to see that you have completed this exercise. If you have not done so by 10:30am tomorrow, I would highly suggest you email me to let me know you have not and why the assignment is not completed.
 
Read from page 8 (#8 “Beginning Balances” through page 19 of the PDF document “Student Activity Guide-Sushi Coma”. 
Watch any video links that are referenced in the material
 
From our textbook “Century 21 Accounting 11e”:
 
P.55, 21st Century Skills. Read and follow the instructions. Make an Excel spreadsheet with at least 3 headings (name of company, franchise fee and royalty fee). All answers to questions must be complete sentences. This is a required assignment and is due next Monday, February 22nd. 
 
If you have any questions, please feel free to contact me. Stay warm!
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Below are details regarding homework for this week:
If you were not in class today you will need to make sure you have read the PDF document “Student Activity Guide-Sushi Coma Inc,” through page 13, Item #7 – Chart of Accounts. If you did not set up your company settings in class (last week), then you will need to follow the PDF and make sure your settings are lined up with what is outlined in the document. In addition, you need to watch the video links that accompany each section.
Today, we covered Item #7-Chart of Accounts, please finish setting up your accounts to match what is listed on the “Chart of Accounts” starting on page 11 of the PDF. The Chart of Accounts runs from page 11-13, right before Item #8 “Beginning Balances”.  If you have questions or don’t understand, please contact me sooner than later in the week..
Please understand it is very important that you make sure this is done before class next Monday (Feb 15th) . We will be moving forward as we have quite a bit of material to cover.
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As mentioned in class, below are the items you will need to complete before class next week (Monday January 25th):
  • Go to the PDF document we have been using in class.
  • Go to page 155, the top reads “Student Tasks” and is at the end of the Accounts Payable section we reviewed in class.
  • Watch the videos for the topics below by clicking on the links listed in the PDF:How to Record

Spending OverviewHow to Record Spending: Transactions, Bills and PaymentsHow to Manage Your Vendor List: Adding, Editing & Removing

How to Track What You Owe Your Vendors

How to Enter and Pay Bills

  • In addition, you will need to read Section 4-Accounts Receivable. It starts on page 135, the top reads “Student Tasks”. As you read the section, do the exercises in the “test company”. You will also need to watch the videos for the topics listed below by clicking the links listed in the PDF:

How to Record Invoice Payments

How to Record a Bank Deposit

 

**NOTE: Most of these videos are only a few minutes long, however make sure you set aside enough time to read Section 4 and do the exercises.

 
Have a great rest of the week and see you next Monday, the 25th!
Mrs. Stafford
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The following list of items are due for next Monday, November 16th:

  • Finish reading the last section of Ch. 12 (12-4 Preparing Payroll Checks) that we did not finish in class.
  • ALL MISSING HOMEWORK WILL NEED TO BE TURNED IN BY NEXT MONDAY, THE 16TH!-If you have a question on any of this work, please email me or ask during class so that you can get it completed and turned in by the end of the day!
  • Set up your QuickBooks Student Account (I will email you the instructions tomorrow). Do not try to set it up without my instructions!
NOTE: There will be a short in class Quiz on Chapter 12; make sure  you review the chapter!!

***Extra Credit: You are given the opportunity to do extra credit, you may turn this in anytime during the semester to help improve your grade***

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The following list of items are due for next Monday, November 9th:
 
  • Complete 5-2 & 5-4 On Your Own and Study Guide 5 
  • Finish reading Chapter 5 if you have not already done so 
  • Complete the section “Why Accounting?” on page 125. Make sure you answer both questions. Follow the instructions and write a one page typed paragraph, at least 100 words. No plagiarism will be tolerated and will result in an automatic zero. 
REMINDER:
You should have received a list of assignments that are outstanding; it is important that you complete all items and turn them in ASAP. I WILL NOT ACCEPT ANY LATE WORK OR OUTSTANDING TESTS AFTER NOVEMBER 16TH!! That gives you two (2) weeks to catch up on all missing assignments.
***Extra Credit: You are given the opportunity to do extra credit, you may turn this in anytime during the semester to help improve your grade***

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Chapter Test 4 has been emailed to you as of Tuesday, October 27th.

Below is the list of items due next class, November 2nd:

  • Completed Chapter 4 test
  • Any missing work
  • Read all of Chapter 5

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If you did not turn your homework in on Monday, October 19th that was due, you need to make sure to bring it to class with you next Monday October 26th. In addition, you need to scan Test 3 back to me immediately.
 
The following items were due on Monday, October 19th:
 
Test 3
Careers in Accounting assignment
 
The following items were assigned on Monday and are due next Monday, October 26th:
 
Study Guide for Chapter 4
4-1 Work Together 
4-1 On Your Own 
 
**MAKE SURE YOU HAVE FINISHED READING CHAPTER 4**
 
***Extra Credit: You are given the opportunity to do extra credit, you may turn this in anytime during the semester to help improve your grade***
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As mentioned in class, I will email you Test 3 by the end of the day tomorrow (Tuesday). This will need to be completed and brought to class next Monday, the 19th. In addition, below are the items that need to be completed for this week:
  • Test 3 – Due next Monday, Oct. 16th
  • Homework: Careers In Accounting. Read the section and do the activity at the end of the reading. Follow the instructions and write a one page typed paragraph, at least 100 words. No plagiarism will be tolerated and will result in an automatic zero.
  • Read all of Chapter 4!
***Have you misplaced your working papers? Contact me for extra copies***
***Make sure you have read ALL of Chapter 4 by the next time we meet***
 
***Extra Credit: You are given the opportunity to do extra credit, you may turn this in anytime during the semester to help improve your grade***
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Below is a timeline of what items are due when:
Chapter 3 Study Guide: Due Monday Oct. 12th
Chapter 3 Working Papers: Bring next time we meet (if we meet this Wednesday you need to bring them and your book)
Any outstanding work: Contact me ASAP
***Have you misplaced your working papers? Contact me for extra copies***
***Make sure you have read ALL of Chapter 3 by the next time we meet***
 
***Extra Credit: You are given the opportunity to do extra credit, you may turn this in anytime during the semester to help improve your grade***
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Finish all homework for Chapter 2 (We will review at next session)
  • 2-1 Work Together
  • 2-1 On Your Own
  • 2-2 Work Together
  • 2-2 On Your Own
  • 2-3 Work Together
  • 2-3 On Your Own
  • 2-1 Application Problem
  • 2-2 Application Problem
  • 2-3 Application Problem
  • Study Guide 2
**NOTE: 2-C Challenge Problem is EXTRA CREDIT!
  • Read Ch. 3: Intro, and sections 3.1 & 3.2
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Finish test, use a regular pencil. If you make any changes to anything you have already answered use a RED pencil and mark to the side of what you have already answered. You may use your textbook to finish the test and make any changes.
Upcoming Homework:
  • Read ALL of Chapter 2 for our next class on Sept. 21st.
  • Bring all the worksheets for Chapter 2 that I gave you in class.
  • No Homework problems due for the 21st.

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  • ALL Chapter 1 homework is due on September 14th.
  • Assessment test on Chapter 1 will be in class on September 14th.
  • Extra Credit Opportunity:  The extra credit is over the section “Ethics in Action”  at the top of page 8. Follow the instructions and write a one page typed paragraph, at least 100 words. No plagiarism will be tolerated and will result in an automatic zero. EC is worth 10 points.

UPCOMING HOMEWORK:

CHAPTER HOMEWORK DUE DATE
Ch. 2 Read Ch. 2 Intro and Section 2.1 for class 9/14
Read Section 2.2 & 2.3 for class 9/21
OYO 2-1, 2-2 & AP 2-1, 2-2 9/21
OYO 2-3, AP 2-3 9/28
Complete SG 2 (Open Book) 9/28
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ALL homework is due on September 14th; as mentioned in class, do not wait until right before it is due to attempt to do it all. If you wait, you will be overwhelmed. If you are overwhelmed you will not enjoy learning accounting!
Make sure you use the handouts that were given to you in class to complete the homework. If you need another copy, please email me and I will send you a copy. Remember that the documents look alike, double check the heading of each document to make sure you have the correct one that corresponds with the exercise you need to complete.
Remember to use only pencil, write legibly and erase thoroughly if needed (erasers are your friend!).
As a reminder below is the upcoming homework:
CHAPTER HOMEWORK DUE DATE
Ch. 1 Read Section 1.2 & 1.3 8/31
Complete SG 1 (Open Book) 9/14
OYO 1-1, 1-2, 1-3 9/14
AP  1-1, 1-2.1, 1-2.2, 1-3 9/14
Extra Credit Opportunity:  The extra credit is over the section “Ethics in Action”  at the top of page 8. Follow the instructions and write a one page typed paragraph, at least 100 words. No plagiarism will be tolerated and will result in an automatic zero. EC is worth 10 points.