Accounting I & II
Mr. Rushmeyer
Room 150
brushmeyer@willowriver.k12.mn.us
2nd Period
Course Description:
Accounting provides an opportunity to learn skills that are not only used in the field of accounting,
but also in other fields of business such as retail, banking, manufacturing, agriculture, etc. The goal
of the course will be to give you a better understanding of the business world and what goes in to
successfully running and operating a business. You will learn to record business transactions,
determine a business’s net worth, and understand financial reports.
In-Class and Assignments:
Daily work in this course will involve preparing a chart of accounts, recording transactions in a
general journal, updating account balances, posting entries to the general ledger, preparing trial
balances, calculating, and recording end-of-period adjustments, and preparing financial statements.
Additional work consists of comparing different types of business ownership along with specialized
journals. This will be accomplished by using both paper and Microsoft Excel spreadsheet files.
This class is offered as a “College in the Schools” course through Lake Superior College.
Successfully completing this course (and meeting all requirements) will make you eligible to earn
three college credits. These LSC credits can transfer to (almost) any college or university. At the
completion of the course, you will register with an LSC representative to earn these credits.
The book that we will use in this course is:
Gilbertson/Lehman/Ross, Century 21 Accounting, 8e, South-Western, 2006, Multicolumn Journal
Part I: Accounting for a Service Business Organized as a Proprietorship
Chapter 1 – Starting a Proprietorship: Changes that Affect the Accounting Equation
Chapter 2 – Analyzing Transactions into Debit and Credit Parts
Chapter 3 – Journalizing Transactions
Chapter 4 – Posting to a General Ledger
Chapter 5 – Cash Control Systems
Chapter 6 – Work Sheet for a Service Business
Chapter 7 – Financial Statements for a Proprietorship
Chapter 8 – Recording Adjusting and Closing Entries for a Service Business
Part II: Accounting for a Merchandising Business Organized as a Corporation
Chapter 9 – Journalizing Purchases and Cash Payments
Chapter 10 – Journalizing Sales and Cash Receipts Using Special Journals
Chapter 11 – Posting to General and Subsidiary Ledgers
Chapter 12 – Preparing Payroll Records
Chapter 13 – Payroll Accounting, Taxes, and Reports
Chapter 14 – Distributing Dividends and Preparing a Work Sheet for a Merchandising Business
Chapter 15 – Financial Statements for a Corporation
Chapter 16 – Recording Adjusting and Closing Entries for a Corporation
Course Outcomes:
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Identify and record debit and credit transactions that affect assets, liabilities, and equities.
Post journal entries to general ledger accounts, prepare a trial balance, complete a worksheet,
and prepare financial statements.
Prepare depreciation schedules, aging of accounts receivable, and reconciliation schedule of a
bank statement.
Identify, prepare, and post both adjusting and closing journal entries, and prepare a postclosing trial balance.
Calculate the cost of goods sold (COGS) and ending inventory value of a periodic inventory
using FIFO, LIFO, specific identification, and weighted-average costing methodologies.
Identify and properly value operating fixed assets.
Describe and apply the various approaches to allocating the cost of fixed assets by
incorporating straight line, units of production, and accelerated depreciation methods.
Prepare basic payroll computations and related journal entries.
Complete an entire accounting cycle review problem.
Rules and Expectations:
Make sure you bring a pencil and notebook every day. Since we will use Microsoft Excel in this
course, you will be able to set up formulas to do the calculations for you. However, you may choose
to bring your own calculator, use one of the extra ones in my classroom, or use the one on your
computer. You will not be required to have a graphing calculator.
In this class, there will be a presentation on the lesson materials and then there will be time in the
class period to complete much of your assignment. Any work that is not completed will be due the
following class period. When you are absent, it is your responsibility to make up the missed work.
You must see me and look at the board in the classroom in order to determine what it is that you need
to complete. Since we will move through lessons fairly rapidly and each lesson builds upon the
previous one, attendance is crucial to achieving success in this course.
Classroom Behaviors & Expectations
You will be expected to come to this class ready and willing to learn. Any distractions to the teacher
or your classmates will not be tolerated. This class will encourage collaboration and asking
questions – but your conversations should be related to accounting. Process for Disruptions: 1)
Verbal Warning 2) Email/Call to Parents/Guardians 3) Detention & Removal from class.
Basic rules: respect the teacher and your classmates, do your work, and ask questions. If you can
handle doing these things, this class will be an enjoyable and worthwhile experience for you.
Grading Policy:
Letter
Grade
A
AB+
B
Percentage
93-100
90-92
88-89
82-87
Letter
Grade
BC+
C
C-
Percentage
80-81
78-79
72-77
70-71
Letter
Grade
D+
D
DF
Percentage
68-69
62-67
60-61
59 or below
The assignments in this course will be broken down into two categories: Summative and Formative.
Summative assignments will consist of things like tests, quizzes, major projects, and select
assignments and simulations. Formative assignments will consist of things like daily work, daily
assignments, etc. The final grade will be weighted 50% Summative and 50% Formative.
 Any assignments that are turned in after the due date will count for half-credit, until the end
of the chapter (i.e. must be turned in before that chapter’s test).
Course Outline
Week
Assignment
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Class Introduction – Syllabus, Procedures, Course Overview
Chapter 1
Chapter 1
Chapter 2
Chapter 2 & Chapter 3
Chapter 3 & Chapter 4
Chapter 4
Chapter 5
Chapter 5
Chapter 5 + Reinforcement Activity 1A
Chapter 6
Chapter 7
Chapter 8
Chapter 8 + Reinforcement Activity 1B
Reinforcement + Simulation (Eddie Ortega, DJ)
Simulation (Eddie Ortega, DJ)
Part One Test (Christmas Vacation?)
Chapter 9
Chapter 9 & Chapter 10
Chapter 10
Chapter 11
Chapter 11
Chapter 12
Chapter 12 & Chapter 13
Chapter 13
Reinforcement Activity 2A
Chapter 14
Chapter 14
Chapter 15
Chapter 15 & Chapter 16
Chapter 16
Reinforcement Activity 2B
Reinforcement Activity 2B & Part 2 Test
Simulation (Zenith Global Imports)
Simulation (Zenith Global Imports)
Automated Accounting
Final Review & Test