1. INCOME STATEMENT INFORMATION ON A WORK SHEET
Lesson 8-1
INCOME STATEMENT INFORMATION ON A WORK SHEET
Lesson 8-1, page 182

2. HEADING OF AN INCOME STATEMENT1 2 3
1. Name of Company
2. Name of Report
3. Date of Report
Lesson 8-1, page 182

3. REVENUE, EXPENSES, AND NET INCOME SECTIONS OF AN INCOME STATEMENT1 2 3 4 6 5 7 9 8 11 10 12 14 13
1. Write the name of the first section.
8. Write Total Expenses.
2. Write the title of the revenue account.
9. Record total expenses.
3. Record the balance of the account.
10. Calculate net income.
4. Write the name of the second section.
11. Rule a single line.
5. Write the title of each expense account.
12. Write Net Income.
6. Record the balance of each account.
13. Record net income.
Lesson 8-1, page 183
7. Rule a single line.
14. Rule double lines.

4. COMPONENT PERCENTAGE ANALYSIS OF AN INCOME STATEMENT
Lesson 8-1, page 184

5. INCOME STATEMENT WITH TWO SOURCES OF REVENUE AND A NET LOSS
2. Account Titles 1
3. Revenue Amounts
4. Total of Sales 3 2
5. Total Sales 5 4
6. Net Loss
7. Record Net Loss 6 7
Lesson 8-1, page 185

6. TERMS REVIEW
component percentage
Lesson 8-1, page 186