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Financial Accounting and Reporting

Chapter 8-Completing the Cycle for a Merchandising Business-Part 2

November 08, 2022 @ 2:30-5:30 PM


Hybrid Modality

Accountability and Integrity, Committed Service, Excellence in Work


Opening prayer

Accountability and Integrity, Committed Service, Excellence in Work


Concerns from the last meeting
• Chapter 8-Completing the Cycle for a Merchandising Business-Part 1
• Please answer Problem No. 7 (p. 8-25)-balance sheet, in iStudy on or
before 1:00 pm of November 02 (Thursday).
• Pre-final examination on November 10; coverage: Chapters 7 and 8

Accountability and Integrity, Committed Service, Excellence in Work


Learning outcomes
• …

Accountability and Integrity, Committed Service, Excellence in Work


True or false
• When preparing closing entries under the periodic inventory system,
“Sales and Purchases Returns and Allowances” are both closed in the
same entry.

Accountability and Integrity, Committed Service, Excellence in Work


Seatwork
• Please answer Problem No. 10 (p. 8-27) today.

Accountability and Integrity, Committed Service, Excellence in Work


Assignment
• Please prepare for your pre-final examination on November 10; coverage:
Chapters 7 and 8

Accountability and Integrity, Committed Service, Excellence in Work


Concerns for this meeting

Accountability and Integrity, Committed Service, Excellence in Work


Integration of faith and learning
• Teach me Your way, O Lord; I will walk in Your truth; Unite my heart to
fear Your name. – Psalm 86:11, NKJV

Accountability and Integrity, Committed Service, Excellence in Work


Closing prayer

Accountability and Integrity, Committed Service, Excellence in Work


Thank you for coming, see you again

Accountability and Integrity, Committed Service, Excellence in Work

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