CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-1 Creating a Worksheet  Consistent reporting and fiscal periods  Preparing the heading of a work sheet  Preparing a trial balance

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Competency: Understanding the Accounting Cycle for a Service Business 2 LESSON 6-1 Objectives: 43 Prepare a trial balance 44 Plan end of period adjustments using a work sheet 48 Analyze the differences between net income and net loss

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 3 LESSON 6-1 PREPARING THE HEADING OF A WORK SHEET page 153 Name of Company 1 Name of Report 2 Date of Report 3

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4 LESSON 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 WORK SHEET page

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 5 LESSON 6-1 TERMS REVIEW fiscal period work sheet trial balance page 155