Target: classify five account elements and reconcile assets = liabilities + owner's equity. Prepare: Case A, equation mat.
- Launch · 2 min. Show A's personally owned bicycle and ask whether every object Mina owns enters the business statement.
- Model · 4 min. Place business cash $9,000, tools $5,000 and receivables $1,000 under assets; loan $4,000 and payables $1,000 under liabilities. Compute $15,000 − $5,000 = $10,000 owner's equity. Revenue and expenses are period flows, not additional items on this date's list.
- Guided reading · 5 min. Ask why receivable is an amount owed to the business, whereas payable is owed by it. Check the direction before naming the account.
- Practice route · 7 min. Select Day 3 route. Rebuild A's equation, label all five classes using a supplied word bank, and reject the private bicycle.
- Audit · 4 min. Repair “equity equals assets plus liabilities.” Recalculate in both directions.
- Exit · 3 min. “If A's listed liabilities total $5,000, what remains for owner's equity?” Expected: $10,000 under the stated case.