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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2 Planning Adjusting Entries on a Work Sheet
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CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 6-2 SUPPLIES ADJUSTMENT ON A WORK SHEET 1 2 page 158 3 1.Write the debit amount. 2.Write the credit amount. 3.Label the two parts of this adjustment.
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CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 6-2 PREPAID INSURANCE ADJUSTMENT ON A WORK SHEET page 159 1 2 3 1.Write the debit amount. 2.Write the credit amount. 3.Label the two parts of this adjustment.
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CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 6-2 PROVING THE ADJUSTMENTS COLUMNS OF A WORK SHEET page 160 3.Rule double lines. 2.Add both the Adjustments Debit and Credit columns. Write each column’s total. 1.Rule a single line. 1 3 2
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CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 6-2 PREPARING A WORK SHEET page 160 C 1.Write the heading. 2.Record the trial balance. 3.Record the supplies adjustment. 4.Record the prepaid insurance adjustment. 5.Prove the Adjustments columns. 6.Extend all balance sheet account balances. 7.Extend all income statement account balances. 8.Calculate and record the net income (or net loss). 9.Total and rule the Income Statement and Balance Sheet columns.
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CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 6-2
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CENTURY 21 ACCOUNTING © Thomson/South-Western 7 LESSON 6-2 1
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CENTURY 21 ACCOUNTING © Thomson/South-Western 8 LESSON 6-2 (b) 10000 4 (a) 71500 3 496400 10000 15000 11000 10000 102500 120000 20000 5000 500000 62500 356500 21300 2800 30000 881500 81500 146600356500734900525000 356500734900 496400 10000 15000 10000 31000 110000 20000 5000 500000 62500 6 11000 21300 2800 30000 356500 10000 71500 7 209900 Net Income 8 9 1 2 5 356500734900
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CENTURY 21 ACCOUNTING © Thomson/South-Western 9 LESSON 6-2 TERM REVIEW adjustments page 161
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