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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 15-4 Preparing a Balance Sheet.

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Presentation on theme: "CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 15-4 Preparing a Balance Sheet."— Presentation transcript:

1 CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 15-4 Preparing a Balance Sheet

2 CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 15-4 BALANCE SHEET INFORMATION ON A WORK SHEET page 464

3 CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 15-4 CURRENT ASSETS SECTION OF A BALANCE SHEET page Book value of accounts receivable 4.Asset accounts1.Heading 2.Begin assets section5.Current assets

4 CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 15-4 PLANT ASSETS SECTION OF A BALANCE SHEET page Write the heading Plant Assets. 2.Calculate the book value of office equipment. 3.Use the same procedure to calculate the book value of store equipment. 4.Calculate total plant assets. 5.Calculate total assets.

5 CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 15-4 LIABILITIES SECTION OF A BALANCE SHEET 1 3 page Heading 2.Account title and amount of each current liability 3.Total liabilities 2

6 CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 15-4 STOCKHOLDERS’ EQUITY SECTION OF A BALANCE SHEET 1 page Total liabilities and stockholders’ equity Capital stock 1.Stockholders’ Equity 3.Retained earnings 4.Total stockholders’ equity 6.Double rules

7 CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 15-4 COMPLETED BALANCE SHEET page 469 (continued on next slide)

8 CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 15-4 COMPLETED BALANCE SHEET page 469 (continued from previous slide)

9 CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 15-4 TERMS REVIEW current liabilities long-term liabilities supporting schedule page 471


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