CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-3 Extending Financial Statement Information on a Work Sheet Calculate Net Income/Loss.

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Presentation transcript:

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-3 Extending Financial Statement Information on a Work Sheet Calculate Net Income/Loss

CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 6-3 EXTENDING BALANCE SHEET ACCOUNT BALANCES ON A WORK SHEET page Move balances without adjustments 2.Move balances with adjustments / DO THE MATH 2 1

CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 6-3 EXTENDING INCOME STATEMENT ACCOUNT BALANCES ON A WORK SHEET page Move Sales balance 2.Move Expense balances without adjustments 3.Move Expense balances with adjustments / DO THE MATH 1 3 2

CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON Single rule 2.Totals 3.Net income RECORDING NET INCOME, AND TOTALING AND RULING A WORK SHEET page Extend net income6.Totals Single rule7.Double rule

CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 6-3 CALCULATING AND RECORDING A NET LOSS ON A WORK SHEET page Totals 3.Net loss 4.Extend net loss 1.Single rule