UNIT 6 Overview/Lesson Plan – Capstone:
The Kewl Shoppe, a Merchandising Business
Course Title – Accounting I
Behavioral Objectives
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Set up a new business in accounting software.
Create a computerized chart of accounts.
Complete the steps of the accounting cycle for a fiscal period.
Complete a payroll register and journalize payroll transactions.
Prepare accounting records for a new fiscal period.
Analyze and make decisions about the financial health of the business.
OLD TEKS Correlations:
2010 TEKS Correlations:
This lesson, as published, correlates
to the following TEKS. Any
changes/alterations to the activities
may result in the elimination of any or
all of the TEKS listed.
120.42.C
2.b. analyze transactions relating to
purchase and sale of merchandise;
2.c. record transactions in special
journals;
2.d. prepare schedules for subsidiary
ledgers;
2.e. generate Trial Balances and endof-period adjustments;
2.f. prepare financial statements;
3.a. compute gross pay;
3.b. compute net pay;
3.c. compute employee-paid
withholdings;
3.d. - compute and complete payroll
tax expense forms;
3.e. compute salary expenses;
3.f. prepare payroll registers;
3.g. - record payroll transactions in
journals;
7.a. follow oral and written
instructions;
7.b. develop time management skills
by setting priorities for completing
work as scheduled;
7.c. make decisions using appropriate
accounting concepts
7.e. perform accounting procedures
using manual and automated
This lesson, as published, correlates
to the following TEKS. Any
changes/alterations to the activities
may result in the elimination of any or
all of the TEKS listed.
130.166.C.
3.f. – record transactions in a general
journal;
3.h. – prepare a trial balance;
6.c. – post to an accounts payable
subsidiary ledger;
9.c. – calculate employee earnings
such as gross earnings and net pay;
9.d. – calculate employee-paid
withholdings;
9.e. – prepare a payroll register;
9.f. – record the payroll in the general
journal;
9.g. – complete payroll tax expense
forms;
UNIT 6 Intro Lesson Plan – Capstone – The Kewl ShoppeCopyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1
methods;
7.f. complete the accounting cycle
within an assigned time frame;
7.g. demonstrate use of the numeric
keypad by touch.
TAKS Correlation:
READING
Objective 1: The student will demonstrate a basic understanding of culturally
diverse written texts.
WRITING
Objective 5: The student will produce a piece of writing that demonstrates a
command of the conventions of spelling, capitalization, punctuation, grammar,
usage, and sentence structure.
Objective 6: The student will demonstrate the ability to revise and proofread to
improve the clarity and effectiveness of a piece of writing.
MATH
Objective 10: The student will demonstrate an understanding of the
mathematical processes and tools used in problem solving.
Unit Overview:
Students are given an opportunity to complete an accounting cycle for a fiscal
period using computerized methods. The business is primarily a merchandising
business.
The business, The Kewl Shoppe, is an ice cream parlor with a game room that
specifically targets the teenage market. Their primary revenue is Ice Cream
Fees; however, the game room will bring in some revenue.
Owners Derek and Jennifer Dodson have agreed to split the partnership profits
one half each. They are both putting in the same number of hours each week
with Derek being in charge of purchasing the store goods, and Jennifer
managing the office, advertising and accounting work in the business. In their
partnership agreement, they have agreed that each partner will withdraw no
more than $2,000 per month during the first six months of operation. Withdrawal
of purchases will be limited to no more than $100 for each person.
There are two student employees: Joshua Mercer and Karen Luna. Joshua
works in the store, restocking and taking care of customers. Karen works in the
office, using her computer skills to assist with marketing and the accounting
tasks.
UNIT 6 Intro Lesson Plan – Capstone – The Kewl ShoppeCopyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1