BALANCE SHEET COLUMNS OF A WORK SHEET 1. Extend asset, liability, and stockholders’ equity account balances. 1 2 2. Total columns. Lesson 4-2, page 108

ESTIMATING ENDING MERCHANDISE INVENTORY 1. Extend revenue, cost and expense accounts. 1 2 2. Total columns. Lesson 4-2, page 109

ESTIMATING ENDING MERCHANDISE INVENTORY 3. Write difference between columns. 3 1. Write difference between columns. 1 4 4. Total columns. 2 2. Add description. Lesson 4-2, page 109

NET LOSS ON A WORK SHEET 3 2 1 4 1. Write difference between columns. 2. Add description. 4 4. Total columns. Lesson 4-2, page 110

TERMS REVIEW schedule of accounts receivable schedule of accounts payable trial balance work sheet plant assets depreciation expense Lesson 4-2, page 111