Lesson Plan Unit 8 - Capstone – The Kewl Shoppe, Inc.
Course Title – Accounting I
Behavioral Objectives

Explain the pros and cons of incorporating a business.

Complete the steps of the accounting cycle for a corporation for a fiscal
period.

Depreciate plant assets.

Calculate accrued interest.

Calculate inventory costs.

Calculate and journalize adjustments for uncollectible accounts.
2010 TEKS Correlations:
OLD TEKS Correlations:
This lesson, as published, correlates
to the following TEKS. Any
This lesson, as published, correlates
changes/alterations to the activities
to the following TEKS. Any
may result in the elimination of any or
changes/alterations to the activities
may result in the elimination of any or all of the TEKS listed.
130.166.C
all of the TEKS listed.
4.c. – journalize and post entries to
establish and replenish petty cash;
120.42.C
6.c. – post to an accounts payable
4.a. calculate and record depreciation subsidiary ledger;
of plant assets;
6.d. – process invoices for payment
and accounts payable;
4.b. prepare depreciation schedules;
7.d. – post to an accounts receivable
4.c. determine and record uncollected subsidiary ledger;
7.i. – determine uncollectible accounts
accounts receivable;
receivable;
4.d. record inventories;
8.a. – record inventory usage;
10.b. – determine the book value of a
4.e. calculate and record notes
plant asset;
payable and notes receivable;
10.c. – prepare depreciation
schedules
4.f. open and replenish a petty cash
fund and journalize transactions;
4.g. calculate interest due and
payable and journalize transactions
involving notes payable and
Unit 8 Lesson Plan/Overview
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1
receivable;
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
methods.
7.g. demonstrate use of the numeric
keypad by touch
TAKS Correlation:
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 complete all phases of the accounting cycle for a corporation. This
includes calculations for depreciation of plant assets, accrued interest, cost of
inventory, and uncollectible account adjustments.
In the last capstone, students complete the accounting cycle for a partnership,
The Kewl Shoppe. The owners of this business decide to incorporate. They also
intend to expand by purchasing an ice cream truck and hiring an employee to
operate the truck 7 days a week from 3 PM to 7 PM.
Unit 8 Lesson Plan/Overview
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1
Unit 8 Lesson Plan/Overview
Copyright © Texas Education Agency, 2011. All rights reserved.
ACCOUNTING 1