During this class we will take up Problem 9-8 which we completed last day.
Once we have taken up last day's problem, we will then explore Topic #4 of Chapter 9 - Reviewing Month-End Procedures.
The primary focus of this topic is the Trial Balance (page 383). However, we shall review the concepts associated with preparing a Schedule of Accounts Receivable as well as a Schedule of Accounts Payable.
| Bell Telephone | $1,625.00 |
| IBM | 7,000.00 |
| Matt Enterprises | 250.00 |
| ------------ | |
| Total of Accounts Payable | $8,875.00 |
| ======= | |
Evaluation Exercise:
The assigned problem for the class will be Challenge Problem 9-11 on page 384.
Reference:
Please read this topic (pages 383--384) in preparation for the class.