BALANCE SHEET COLUMNS OF A WORK SHEET

Slides:



Advertisements
Similar presentations
The Statement of Cash Flows
Advertisements

Petty Cash Balance Sheet Debit Current Asset. Loss on Plant Asset Income Statement Debit Other Expense.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-1 Preparing a Work Sheet for a Corporation.
P1–1. Req. 1 NUCLEAR COMPANY Income Statement For the Year Ended December 31, 20A Total sales revenue (given)$ Total expenses (given) Pretax income.
McClaren Corporation Income Statement For the Year Ended June 30, 2008 Revenue Sale Revenue $100,000 Sale Revenue $100,000 Total Sales Revenue 100,000.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-1 Work Sheet for a Corporation.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-1 Distributing Corporate Earnings to Stockholders.
Financial Statements for a Corporation CHAPTER 15 Financial statements provide the primary source of information needed by owners and managers to make.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-3 Preparing a Work Sheet for a Departmentalized Business Modified by D. Burns West Johnston High.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-1 Responsibility Accounting for a Merchandising Business.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-3 Preparing a Work Sheet for a Departmentalized Business.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-1 Responsibility Accounting for a Merchandising Business.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement.
LESSON 15-1 Preparing an Income Statement Mr. Hunter
Quible Security Systems Income Statement Year Ended December 31, 2010 $XXX,XXX $XX,XXX $XXX,XXX $XX,XXX REVENUES: Service Revenue EXPENSES: Salary expense.
Accounting: Financial Statements!! BBI 2O1. The Balance Sheet Shows a business’s financial position on a particular date The Balance Sheet Equation –
Chart of Accounts.
CHAPTER 16 Worksheet for a Merchandising Business.
COMPLETING AN 8-COLUMN WORK SHEET
STEP 4: WORKSHEET AND TRIAL BALANCE. RECORDING A TRIAL BALANCE ON A WORK SHEET LESSON page Account title 2.Account balance 3.Total,
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-1 Preparing an Income Statement.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-3 Extending Financial Statement Information on a Work Sheet.
CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 15 TERM REVIEW merchandise inventory page 418.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-3 Extending Financial Statement Information on a Work Sheet Original created by M.C. McLaughlin,
Preparing Financial Statements. 2LESSON 7-1 INCOME STATEMENT INFORMATION ON A WORK SHEET page 182.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-6 Calculating Federal Income Tax and Completing a Work Sheet.
Financial Statements A set of Financial Statements consist of four related accounting reports that summarizes the financial resources, obligations, profitability.
Preparing an Income Statement
Extending Financial Statement Information on a Work Sheet
LESSON 6-2 Planning Adjusting Entries on a Work Sheet
LESSON 15-1 Preparing an Income Statement
Adjusting, Closing, and Reversing Entries for a Corporation
Preparing a Balance Sheet Assets Liabilities Owner’s Equity (Capital)
LESSON 15-4 Preparing a Balance Sheet
LESSON 15-4 Preparing a Balance Sheet
BALANCE SHEET INFORMATION ON A WORK SHEET
Balance sheet accounts
Balance Sheet Classifications
EXTENDING BALANCE SHEET ACCOUNT BALANCES ON A WORK SHEET
LESSON 6-2 Planning Adjusting Entries on a Work Sheet
LESSON 15-4 Preparing a Balance Sheet
Trial Balance Presented by: Leo, David, Sungtae, Ashley, Taiyuan.
BALANCE SHEET INFORMATION ON A WORK SHEET
BALANCE SHEET INFORMATION ON A WORK SHEET
ASSETS SECTION OF A BALANCE SHEET
BALANCE SHEET INFORMATION ON A WORK SHEET
Extending Financial Statement Information on a Work Sheet
LESSON 14-1 Distributing Corporate Earnings to Stockholders
LESSON 6-2 Planning Adjusting Entries on a Work Sheet
LESSON 7-1 Preparing an Income Statement
LESSON 6-2 Planning Adjusting Entries on a Work Sheet
LESSON 6-2 Planning Adjusting Entries on a Work Sheet
LESSON 4-3 Preparing a Work Sheet for a Departmentalized Business
LESSON 14-1 Distributing Corporate Earnings to Stockholders
Lesson 8-2 (GJ) BALANCE SHEET Lesson 8-2, page 181.
LESSON 14-1 Distributing Corporate Earnings to Stockholders
COMPLETING AN 8-COLUMN WORK SHEET
Extending Financial Statement Information on a Work Sheet
LESSON 15-1 Preparing an Income Statement
LESSON 15-1 Preparing an Income Statement
LESSON 15-4 Preparing a Balance Sheet
Extending Financial Statement Information on a Work Sheet
LESSON 14-6 Calculating Federal Income Tax and Completing a Work Sheet
LESSON 6-1 Creating a Worksheet
LESSON 15-1 Preparing an Income Statement
Flow of Accounts into Financial Statements
Extending Financial Statement Information on a Work Sheet
LESSON 6-2 Planning Adjustments on a Work Sheet
Presentation transcript:

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