1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-1 Preparing a Work Sheet for a Corporation

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 LESSON 22-1 INTEREST INCOME ADJUSTMENT 1.Debit Interest Receivable. 1 2 page 638 2.Credit Interest Income.

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 22-1 1.Credit Supplies. SUPPLIES ADJUSTMENT 1 2 page 638 2. Debit Supplies Expense.

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 22-1 1.Debit Federal Income Tax Expense. FEDERAL INCOME TAX ADJUSTMENT 2 1 page 639 2.Credit Federal Income Tax Payable.

5. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 22-1 COMPLETING A WORK SHEET page 641 4 2 1 3 5 1.Total the Income Statement and Balance Sheet columns. 2.Calculate and enter the net income after federal income tax. 3.Extend the net income after federal income tax amount. 4.Calculate the column totals. 5.Rule double lines.