century 21 accounting © 2009 south-western, cengage learning lesson 15-4 preparing a balance sheet
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 15-4LESSON 15-4
Preparing a Balance Sheet
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LESSON 15-4CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
BALANCE SHEET INFORMATION BALANCE SHEET INFORMATION ON A WORK SHEETON A WORK SHEET page 464
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LESSON 15-4CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
CURRENT ASSETS SECTION CURRENT ASSETS SECTION OF A BALANCE SHEETOF A BALANCE SHEET
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page 465
3. Book value of accounts receivable
4. Remaining current asset accounts1. Heading
2. Begin assets section 5. Current assets
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LESSON 15-4CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PLANT ASSETS SECTION PLANT ASSETS SECTION OF A BALANCE SHEETOF A BALANCE SHEET
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page 466
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551. 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.
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LESSON 15-4CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LIABILITIES SECTION LIABILITIES SECTION OF A BALANCE SHEETOF A BALANCE SHEET
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page 467
1. Heading
2. Account title and amount of each current liability
3. Total liabilities
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LESSON 15-4CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
STOCKHOLDERS’ EQUITY SECTION STOCKHOLDERS’ EQUITY SECTION OF A BALANCE SHEETOF A BALANCE SHEET
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page 468
5. Total liabilities and stockholders’ equity
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55
2233
2. Capital stock
1. Stockholders’ Equity
3. Retained earnings
4. Total stockholders’ equity
6. Double rules66
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LESSON 15-4CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
COMPLETED BALANCE SHEETCOMPLETED BALANCE SHEET page 469
(continued on next slide)
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LESSON 15-4CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
COMPLETED BALANCE SHEETCOMPLETED BALANCE SHEET page 469(continued from previous
slide)
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LESSON 15-4CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
current liabilities long-term liabilities supporting schedule
page 471