BALANCE SHEET INFORMATION ON A WORK SHEET

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BALANCE SHEET INFORMATION ON A WORK SHEET Lesson 16-4 BALANCE SHEET INFORMATION ON A WORK SHEET Lesson 16-4, page 408

FIRST TWO SECTIONS OF A BALANCE SHEET FOR A MERCHANDISING BUSINESS 1 1. Prepare the heading. 2. Prepare the assets section. 2 3. Prepare the liabilities section. 3 Lesson 16-4, page 409

COMPLETING A BALANCE SHEET FOR A MERCHANDISING BUSINESS 4. Prepare the owners’ equity section. 5. Total the liabilities and owners’ equity sections. 6. Verify the accuracy by comparing totals. 7 6 7. Rule double lines. 4 5 Lesson 16-4, page 410

TERMS REVIEW supporting schedule Lesson 16-4, page 412