1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-4 Preparing a Balance Sheet

2. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2 LESSON 15-4 BALANCE SHEET INFORMATION ON A WORK SHEET page 464

3. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 15-4 CURRENT ASSETS SECTION OF A BALANCE SHEET 1 2 3 4 5 page 465 3. Book value of accounts receivable 4. Remaining current asset accounts1. Heading 2. Begin assets section 5. Current assets

4. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 15-4 PLANT ASSETS SECTION OF A BALANCE SHEET 1 2 3 page 466 4 5 1.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 © 2009 South-Western, Cengage Learning 5 LESSON 15-4 LIABILITIES SECTION OF A BALANCE SHEET 1 3 page 467 1.Heading 2.Account title and amount of each current liability 3.Total liabilities 2

6. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 6 LESSON 15-4 STOCKHOLDERS’ EQUITY SECTION OF A BALANCE SHEET 1 page 468 5.Total liabilities and stockholders’ equity 4 5 23 2.Capital stock 1.Stockholders’ Equity 3.Retained earnings 4.Total stockholders’ equity 6.Double rules 6

7. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 7 LESSON 15-4 COMPLETED BALANCE SHEET page 469 (continued on next slide)

8. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 8 LESSON 15-4 COMPLETED BALANCE SHEET page 469 (continued from previous slide)

9. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 9 LESSON 15-4 TERMS REVIEW current liabilities long-term liabilities supporting schedule page 471