Accounting I

Accounting I
Grade Level: 10,11,12
Course Length: 1 Semester
Credit: ½
Course Description:
This course provides an accounting foundation for future business and accounting majors. Students learn the basics of accounting for a service business organized as a proprietorship. Beginning topics covered include the accounting equation, analyzing transactions into debits and credits, journalizing transactions, and posting to a general ledger. The course concludes with chapters covering cash control systems, worksheets for a service business, financial statements for a proprietorship, and recording adjusting and closing entries for a service business.