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BALANCE SHEET INFORMATION ON A WORK SHEET

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Presentation on theme: "BALANCE SHEET INFORMATION ON A WORK SHEET"— Presentation transcript:

1 BALANCE SHEET INFORMATION ON A WORK SHEET
Lesson 8-2 BALANCE SHEET INFORMATION ON A WORK SHEET Lesson 8-2, page 187

2 HEADING OF A BALANCE SHEET
1 2 3 1. Name of Company 2. Name of Report 3. Date of Report Lesson 8-2, page 187

3 OWNER’S EQUITY SECTION OF A BALANCE SHEET
1 2 3 4 5 6 7 8 9 10 1. Owner’s Equity 6. Total of Assets 2. Account Title 7. Total Liabilities and Owner’s Equity 3. Capital Amount 8. Total of Liabilities and Owner’s Equity 4. Single Line 9. Compare Totals 5. Total Assets 10. Double Lines Lesson 8-2, page 189

4 OWNER’S EQUITY REPORTED IN DETAIL ON A BALANCE SHEET
1 2 3 4 6 7 5 8 9 1. Beginning Capital 6. Difference 2. Beginning Capital Amount 7. Ending Capital 3. Net Income 8. Current Capital Amount 4. Drawing 9. Total Liabilities and Owner’s Equity 5. Single Line Lesson 8-2, page 190


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