Day 71a – Quarter 4 Advanced Accounting
Great to see you!
(Regular 90 minute class)
Bell Ringer Chapter 12:
Read Accounting in the Real World – Meeting the Challenges of Growth at Famous Dave’s on page 341
1. What factors will help determine the price of a share of stock at the time of its IPO?
2. If a company needs more cash, but does not want to issue additional shares of stock, what else
could it do to raise the capital?
Objective Chapter 12:
1. We will define accounting terms related to acquiring capital for a corporation.
2. We will identify accounting concepts and practices related to acquiring capital for a corporation.
3. We will journalize entries for issuing additional capital stock.
4. We will journalize entries for buying and selling treasury stock.
5. We will journalize entries for bonds payable.
Reminder:
FBLA/Interact Officer Meeting:
FBLA/Interact Club Meeting:
FBLA/Interact Updates:
Chapter 12
Read Pages 340 – 361 of your textbook
Complete:
Chapter 12-1 Term Review in Quizlet
Chapter 12-1 Audit Your Understanding
Chapter 12-1 Work Together
Chapter 12-1 On Your Own
Chapter 12-1 Application Problem
Complete:
Chapter 12-2 Term Review in Quizlet
Chapter 12-2 Audit Your Understanding
Chapter 12-2 Work Together
Chapter 12-2 On Your Own
Chapter 12-2 Application Problem
Complete:
Chapter 12-3 Terms Review in Quizlet
Chapter 12-3 Audit Your Understanding
Chapter 12-3 Work Together
Chapter 12-3 On Your Own
Chapter 12-3 Application Problem
Complete:
Chapter 12 Study Guide
Chapter 12-4 Mastery Problem
Complete:
Chapter 12 TEST
Begin Chapter 13 – Read Chapter
Exit Ticket: In a Word Document Chapter 12-1 AND 12-2
Complete:
1. To finance rapid expansion, how can a corporation acquire additional capital?
2. What accounts are affected, and how, when LampLight receives cash for preferred stock sold at par
value?
3. What accounts are affected, and how, when LampLight receives cash for preferred stock sold for
more than par value?
4. What accounts are affected, and how when LampLight receives cash for preferred stock sold for
less than par value?
5. What is the function of stated value?
6. What is treasury stock?
7. What accounts are affected, and how, when treasury stock is sold for more than its original cost?
8. What accounting concept is being applied when a corporation records the purchase of treasury
stock at the price paid regardless of the stock’s par or stated value?
Small Group Activity:
Pair, Share, and Compare
HAVE A GREAT DAY, AND I WILL SEE YOU NEXT CLASS:)