BALANCE SHEET INFORMATION ON A WORK SHEET Lesson 8-2 BALANCE SHEET INFORMATION ON A WORK SHEET Lesson 8-2, page 187

HEADING OF A BALANCE SHEET 1 2 3 1. Name of Company 2. Name of Report 3. Date of Report Lesson 8-2, page 187

OWNER’S EQUITY SECTION OF A BALANCE SHEET 1 2 3 4 5 6 7 8 9 10 1. Owner’s Equity 6. Total of Assets 2. Account Title 7. Total Liabilities and Owner’s Equity 3. Capital Amount 8. Total of Liabilities and Owner’s Equity 4. Single Line 9. Compare Totals 5. Total Assets 10. Double Lines Lesson 8-2, page 189

OWNER’S EQUITY REPORTED IN DETAIL ON A BALANCE SHEET 1 2 3 4 6 7 5 8 9 1. Beginning Capital 6. Difference 2. Beginning Capital Amount 7. Ending Capital 3. Net Income 8. Current Capital Amount 4. Drawing 9. Total Liabilities and Owner’s Equity 5. Single Line Lesson 8-2, page 190