© 2000 South-Western Educational Publishing INCOME STATEMENT INFORMATION ON A WORK SHEET Lesson 8-1, page 182

© 2000 South-Western Educational Publishing HEADING OF AN INCOME STATEMENT Date of Report 1. Name of Company 2.Name of Report Lesson 8-1, page 182

© 2000 South-Western Educational Publishing REVENUE, EXPENSES, AND NET INCOME SECTIONS OF AN INCOME STATEMENT 1.Write the name of the first section. 2.Write the title of the revenue account. 3.Record the balance of the account. 4.Write the name of the second section. 5.Write the title of each expense account Record the balance of each account. 7.Rule a single line. 8.Write Total Expenses. 9.Record total expenses. 10.Calculate net income. 11.Rule a single line. 12.Write Net Income. 13.Record net income. 14.Rule double lines Lesson 8-1, page 183

© 2000 South-Western Educational Publishing COMPONENT PERCENTAGE ANALYSIS OF AN INCOME STATEMENT Lesson 8-1, page 184

© 2000 South-Western Educational Publishing INCOME STATEMENT WITH TWO SOURCES OF REVENUE AND A NET LOSS Revenue Amounts 1. Revenue 4.Total of Sales 2.Account Titles Record Net Loss 5. Total Sales 6.Net Loss Lesson 8-1, page 185

© 2000 South-Western Educational Publishing T ERMS REVIEW component percentage Lesson 8-1, page 186