CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

LESSON 6-1LESSON 6-1

Creating a Worksheet

Consistent reporting and fiscal periodsPreparing the heading of a work sheetPreparing a trial balance

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Competency: Understanding the Competency: Understanding the Accounting Cycle for a Service BusinessAccounting Cycle for a Service Business

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LESSON 6-1

Objectives:43 Prepare a trial balance44 Plan end of period adjustments

using a work sheet48 Analyze the differences between net

income and net loss

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 6-1

PREPARING THE HEADING OF A PREPARING THE HEADING OF A WORK SHEETWORK SHEET page 153

Name of Company

11Name of Report

22Date of Report

33

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

4

LESSON 6-1

1. Write the general ledger account titles.

2. Write the general ledger debit account balances. Write the general ledger credit account balances.

4. Add both the Trial Balance Debit and Credit columns.

3. Rule a single line across the two Trial Balance columns.

5. Write each column’s total below the single line.

6. Rule double lines across both Trial Balance columns.

PREPARING A TRIAL BALANCE ON A PREPARING A TRIAL BALANCE ON A WORK SHEETWORK SHEET page 154

11

22

44

3355 66

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 6-1

TERMS REVIEWTERMS REVIEW

fiscal period work sheet trial balance

page 155