CENTURY 21 ACCOUNTING © Thomson/South-Western

LESSON 6-3LESSON 6-3

Extending Financial Statement Information on a Work Sheet

Calculate Net Income/Loss

CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 6-3

EXTENDING BALANCE SHEET ACCOUNT EXTENDING BALANCE SHEET ACCOUNT BALANCES ON A WORK SHEETBALANCES ON A WORK SHEET page 162

1. Move balances without adjustments

2. Move balances with adjustments / DO THE MATH

22

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CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 6-3

EXTENDING INCOME STATEMENT ACCOUNT EXTENDING INCOME STATEMENT ACCOUNT BALANCES ON A WORK SHEETBALANCES ON A WORK SHEET page 163

1. Move Sales balance

2. Move Expense balances without adjustments

3. Move Expense balances with adjustments / DO THE MATH

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CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 6-3

1. Single rule

2. Totals

3. Net income

RECORDING NET INCOME, AND RECORDING NET INCOME, AND TOTALING AND RULING A WORK SHEETTOTALING AND RULING A WORK SHEET page 164

4. Extend net income 6. Totals

66 773355

221144

5. Single rule 7. Double rule

CENTURY 21 ACCOUNTING © Thomson/South-Western

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LESSON 6-3

CALCULATING AND RECORDING A NET CALCULATING AND RECORDING A NET LOSS ON A WORK SHEETLOSS ON A WORK SHEET page 165

2. Totals

3. Net loss

4. Extend net loss

1. Single rule 22

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