TEACHING TIPS New to this edition: This edition will provide students an opportunity to learn QuickBooks Online while they learn accounting. Chapters 1–5 will introduce QuickBooks Online using the journal entry method, and Chapters 9–12 will introduce the forms-based approach. QuickBooks Online features include: Accounting with QuickBooks Online and Review It with QuickBooks Online. At the end of Chapter 12, students will have the opportunity to complete a comprehensive problem under Try It with QuickBooks Online. Unlike QuickBooks Desktop software, QuickBooks Online involves automatic updates. This means the "look and feel" of QuickBooks Online may change from time to time. Most of the updates will be minor and students can use the Intuit weblink (www.qbo.intuit.com) to review the most recent releases. However, sometimes there may be major QuickBooks Online updates deployed. Therefore, this text will utilize the Cengage Learning companion site at CengageBrain.com for the QuickBooks Online Appendix, which includes Accounting with QuickBooks Online (a step-by-step guide to using QuickBooks Online) Review It with QuickBooks Online, and Try it with QuickBooks activities. The QuickBooks Online Appendix will be listed by chapter, similar to the text. Students can get started with QuickBooks Online by going to the Cengage Learning student companion site at CengageBrain.com. Suggested in-class problems: ● Exercise 1-1 (accounting equation) ● Exercise 1-3 (accounting equation) ● Exercise 1-7 (transaction analysis) ● Demonstration Problem Suggested homework: ● Problem 1-1 (transaction analysis) ● Problem 1-4 (transaction analysis) Suggested in-class activity: Create a set of three note cards for each student; label the cards “Assets,” “Liabilities,” and “Owner’s Equity.” Call out different account names and ask students to raise the correct note card. For example, if you call out “Prepaid Insurance,” the students should raise the note card labeled “Assets.” QuickBooks Online Activities: ● Complete the QuickBooks Online Appendix, Accounting with QuickBooks Online, Chapter 1, Getting Started. The QuickBooks Online Appendix is available on the Cengage Learning companion site at CengageBrain.com LEARNING OBJECTIVES 1. Define and identify asset, liability, and owner’s equity accounts. 2. Record, in column form, a group of business transactions involving changes in assets