Professional Documents
Culture Documents
Work Sheet For A Service Business
Work Sheet For A Service Business
1 Name of
Company
2 Name of
Report
3 Date of
Report
3 2
3 2
356500 356500
21300 21300
(b)
10000 10000
2800 2800 7
30000 30000
(a)
71500 71500
11000
5 11000
881500 881500 81500 81500 146600 356500 734900 525000
Net Income 8 209900 209900
356500 356500 734900 734900
9
11
6-3 EXTENDING BALANCE SHEET ACCOUNT
BALANCES ON A WORK SHEET page 162
At the end of each fiscal period, TechKnow prepares two financial statements from
information on the worksheet.
Balance Sheet: Reports assets, liabilities, and owner’s equity on a SPECIFIC Date.
1. Sales balance
3
2. Expense balances without adjustments
3. Expense balances with adjustments
13
RECORDING NET INCOME, AND TOTALING
AND RULING A WORK SHEET page 164
4 1 2
7 5
1. Single rule
3 6
2. Totals 4. Extend net income 6. Totals
3. Net income 5. Single rule 7. Double rule
14
CALCULATING AND RECORDING A NET
LOSS ON A WORK SHEET page 165
1. Single rule 4 2
2. Totals
3. Net loss
4. Extend net loss