1. @ 2012, Cengage Learning Accounting for Merchandising Businesses LO 2b - Preparing a Balance Sheet for a Merchandising Business

2. Balance Sheet  The form of balance sheet with the assets on the left-hand side and the liabilities and owner’s equity on the right-hand side is called the account form. LO 2

3. Balance Sheet  When the balance sheet is presented in a downward sequence in three sections, it has been prepared using the report form. This is the form used in the next two slides. LO 2

4. Balance Sheet (continued)

5. LO 2 Balance Sheet (continued)

6. LO 2 Balance Sheet (continued)

7. LO 2 Balance Sheet (continued)

8. LO 2 Balance Sheet

9. LO 2 Balance Sheet

10. LO 2 Balance Sheet

11. LO 2 Balance Sheet