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Lesson06 2g

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This document provides instructions for preparing adjusting entries and a work sheet. It outlines 9 steps to prepare a work sheet, including writing the heading, recording the trial balance, adjustments, proving the adjustments columns, extending balance sheet and income statement accounts, and calculating net income. It also provides examples of supplies and prepaid insurance adjustments, showing how to record the debit and credit amounts and label the adjustment parts.

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LESSON 6-2 Planning Adjusting Entries on a Work Sheet
SUPPLIES ADJUSTMENT ON A WORK SHEET 1 2 page 158 1. Write the debit amount. 2. Write the credit amount. 3. Label the two parts of this adjustment. 3
PREPAID INSURANCE ADJUSTMENT ON A WORK SHEET page 159 1 2 1. Write the debit amount. 2. Write the credit amount. 3. Label the two parts of this adjustment. 3
PROVING THE ADJUSTMENTS COLUMNS OF A WORK SHEET page 160 3. Rule double lines. 2. Add both the Adjustments Debit and Credit columns. Write each columns total. 1. Rule a single line. 1 3 2
PREPARING A WORK SHEET page 160 C 1. Write the heading. 2. Record the trial balance. 3. Record the supplies adjustment. 4. Record the prepaid insurance adjustment. 5. Prove the Adjustments columns. 6. Extend all balance sheet account balances. 7. Extend all income statement account balances. 8. Calculate and record the net income (or net loss). 9. Total and rule the Income Statement and Balance Sheet columns.
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881500 881500 81500 81500 146600 356500 734900 525000 356500 734900 209900 209900 Net Income 1 2 356500 734900 (b) 10000 4 (b) 10000 (a) 71500 (a) 71500 3 496400 10000 15000 11000 10000 102500 120000 20000 5000 500000 62500 356500 21300 2800 30000 496400 10000 15000 10000 31000 110000 20000 5000 500000 62500 6 11000 21300 2800 30000 356500 10000 71500 7 8 9 5
TERM REVIEW adjustments page 161

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Lesson06 2g

  • 1. LESSON 6-2 Planning Adjusting Entries on a Work Sheet
  • 2. SUPPLIES ADJUSTMENT ON A WORK SHEET 1 2 page 158 1. Write the debit amount. 2. Write the credit amount. 3. Label the two parts of this adjustment. 3
  • 3. PREPAID INSURANCE ADJUSTMENT ON A WORK SHEET page 159 1 2 1. Write the debit amount. 2. Write the credit amount. 3. Label the two parts of this adjustment. 3
  • 4. PROVING THE ADJUSTMENTS COLUMNS OF A WORK SHEET page 160 3. Rule double lines. 2. Add both the Adjustments Debit and Credit columns. Write each columns total. 1. Rule a single line. 1 3 2
  • 5. PREPARING A WORK SHEET page 160 C 1. Write the heading. 2. Record the trial balance. 3. Record the supplies adjustment. 4. Record the prepaid insurance adjustment. 5. Prove the Adjustments columns. 6. Extend all balance sheet account balances. 7. Extend all income statement account balances. 8. Calculate and record the net income (or net loss). 9. Total and rule the Income Statement and Balance Sheet columns.
  • 6. 油
  • 7. 1
  • 8. 881500 881500 81500 81500 146600 356500 734900 525000 356500 734900 209900 209900 Net Income 1 2 356500 734900 (b) 10000 4 (b) 10000 (a) 71500 (a) 71500 3 496400 10000 15000 11000 10000 102500 120000 20000 5000 500000 62500 356500 21300 2800 30000 496400 10000 15000 10000 31000 110000 20000 5000 500000 62500 6 11000 21300 2800 30000 356500 10000 71500 7 8 9 5