INCOME STATEMENT INFORMATION ON A WORK SHEET Lesson 8-1 INCOME STATEMENT INFORMATION ON A WORK SHEET Lesson 8-1, page 182

HEADING OF AN INCOME STATEMENT 1 2 3 1. Name of Company 2. Name of Report 3. Date of Report Lesson 8-1, page 182

REVENUE, EXPENSES, AND NET INCOME SECTIONS OF AN INCOME STATEMENT 1 2 3 4 6 5 7 9 8 11 10 12 14 13 1. Write the name of the first section. 8. Write Total Expenses. 2. Write the title of the revenue account. 9. Record total expenses. 3. Record the balance of the account. 10. Calculate net income. 4. Write the name of the second section. 11. Rule a single line. 5. Write the title of each expense account. 12. Write Net Income. 6. Record the balance of each account. 13. Record net income. Lesson 8-1, page 183 7. Rule a single line. 14. Rule double lines.

COMPONENT PERCENTAGE ANALYSIS OF AN INCOME STATEMENT Lesson 8-1, page 184

INCOME STATEMENT WITH TWO SOURCES OF REVENUE AND A NET LOSS 2. Account Titles 1 3. Revenue Amounts 4. Total of Sales 3 2 5. Total Sales 5 4 6. Net Loss 7. Record Net Loss 6 7 Lesson 8-1, page 185

TERMS REVIEW component percentage Lesson 8-1, page 186