Accounting Lesson Plans: Chapter 14:
Halvorsen
Chapter Fourteen: Distributing Dividends and Preparing a Work Sheet for a
Merchandising Business
Objectives:
•Define accounting terms related to distributing dividends and preparing a work sheet for a
merchandising business.
•Identify accounting concepts and practices related to distributing dividends and preparing a
work sheet for a merchandising business.
•Journalize the declaration and payment of a dividend.
•Begin a work sheet for a merchandising business.
•Plan work sheet adjustments for merchandise inventory, supplies, prepaid expenses,
uncollectible accounts, and depreciation.
•Calculate federal income tax and plan the work sheet adjustment for federal income tax.
•Complete a work sheet for a merchandising business.
Lesson 14-1: Distributing Corporate Earnings to Stockholders
Vocab: retained earnings, dividends, board of directors, and declaring a dividend.
Lesson 14-2: Beginning an 8-Column Work Sheet for a Merchandising Business
Vocab: No new terms.
Lesson 14-3: Planning and Recording a Merchandise Inventory Adjustment
Vocab: merchandise inventory.
Lesson 14-4: Planning and Recording an Allowance for Uncollectible Accounts Adjustment
Vocab: uncollectible accounts, allowance method of recording losses from uncollectible accounts, book
value, and book value of accounts receivable.
Lesson 14-5: Planning and Recording Depreciation Adjustments
Vocab: current assets, plant assets, depreciation expense, estimated salvage value, straight-line method
of depreciation, accumulated depreciation, and book value of a plant asset.
Lesson 14-6: Calculating Federal Income Tax and Completing a Work Sheet
Vocab: No new terms.
Timeline for Coverage: Chapter 14
Tuesday, 03/04:
Teach Lesson 14-1
Do Audit Your Understanding and Work Together 14-1 in class
HW: 14-1 OYO and 14-1 APP
Wednesday, 03/05:
Teach Lesson 14-2
Do Audit Your Understanding and Work Together 14-2 in class
HW: 14-2 OYO and 14-2 APP
Thursday, 03/06:
Teach Lesson 14-3
Do Audit Your Understanding and Work Together 14-3 in class
HW: 14-3 OYO and 14-3 APP
Friday, 03/07:
Quiz over 14-1 to 14-3
HW: None
Monday, 03/10:
Teach Lesson 14-4
Do Audit Your Understanding and Work Together 14-4 in class
HW: 14-4 OYO; 14-4 APP; and 16 Chapter Key Terms (Due Thursday)
Tuesday, 03/11:
Teach Lesson 14-5
Do Audit Your Understanding and Work Together 14-5 in class
HW: 14-5 OYO and 14-5 APP
Wednesday, 03/12:
Teach Lesson 14-6
Do Audit Your Understanding and Work Together 14-6 in class
HW: 14-6 OYO and 14-6 APP
Thursday, 03/13:
Catch Up Day for Chapter 14
Collect 16 Key Terms
HW: None
Friday, 03/14:
Review Chapter 14
HW: Mastery Problem for Chapter 14
Monday, 03/17:
Review Chapter 14
HW: Study Guide
Tuesday, 03/18:
Test over Chapter 14
Wednesday, 03/19:
Quarter 3 Simulation: Creating the Band
Thursday, 03/20:
Quarter 3 Simulation: Creating the Band
Friday, 03/21:
Catch Up Day: Out at 11:30 for Spring Break
Monday, 03/31:
Finish Quarter 3 Simulation: Creating the Band