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CHAPTER 3Business Transactions and the Accounting Equation ... 48 Chapter 3 Business Transactions and the Accounting ... Business Transactions accounting equation
Name
Date
CHAPTER Study Plan
3
Class
Business Transactions and the Accounting Equation
Check Your Understanding Section 1
Read Section 1 on pages 46– 48 and complete the exercises on page 49. ❏ Thinking Critically ❏ Computing in the Business World ❏ Problem 3-1 Balancing the Accounting Equation
Section 2
Read Section 2 on pages 50 –55 and complete the exercises on page 56. ❏ Thinking Critically ❏ Communicating Accounting ❏ Problem 3-2 Determining the Effects of Transactions on the Accounting Equation
Section 3
Read Section 3 on pages 57–59 and complete the exercises on page 60. ❏ Thinking Critically ❏ Analyzing Accounting ❏ Problem 3-3 Determining the Effects of Transactions on the Accounting Equation
Summary
Review the Chapter 3 Summary on page 61 in your textbook. ❏ Key Concepts
Review and Activities
Complete the following questions and exercises on pages 62– 63. ❏ Using Key Terms ❏ Understanding Accounting Concepts and Procedures ❏ Case Study ❏ Internet Connection ❏ Workplace Skills
Computerized Accounting
Read the Computerized Accounting information on page 64 in your textbook. ❏ Exploring Electronic Spreadsheets
Problems
Complete the following end-of-chapter problems for Chapter 3. ❏ Problem 3-4 Classifying Accounts ❏ Problem 3-5 Completing the Accounting Equation ❏ Problem 3-6 Classifying Accounts Within the Accounting Equation ❏ Problem 3-7 Determining Increases and Decreases in Accounts ❏ Problem 3-8 Determining the Effects of Transactions on the Accounting Equation ❏ Problem 3-9 Determining the Effects of Business Transactions on the Accounting Equation ❏ Problem 3-10 Describing Business Transactions
Challenge Problem
❏ Problem 3-11
Chapter Reviews and Working Papers
Complete the following exercises for Chapter 3 in your Chapter Reviews and Working Papers. ❏ Chapter Review ❏ Self-Test
