BALANCE SHEET

1
BALANCE SHEET
Lesson 8-2, page 181
2
HEADING OF A BALANCE SHEET
1
2
3
1. Name of Company
2. Name of Report
3. Date of Report
Lesson 8-2, page 181
3
ASSETS AND LIABILITIES SECTIONS OF A BALANCE SHEET
5
1
3
4
2
6
7
8
9
4. Liabilities
1. Assets
5. Account Titles
2. Account Titles
6. Liability Amounts
3. Asset Amounts
7. Single line
8. Total Liabilities
9. Total of Liabilities
Lesson 8-2, page 182
4
OWNERS EQUITY SECTION OF A BALANCE SHEET
1
3
2
5
8
7
6
1. Owners Equity
6. Total of Assets
7. Total Liabilities and Owners Equity
2. Account Title
8. Total of Liabilities and Owners Equity
3. Capital Amount
9. Compare Totals
4. Single Line
5. Total Assets
10. Double Lines
Lesson 8-2, page 183
5
OWNERS EQUITY REPORTED IN DETAIL ON A BALANCE
SHEET
1
2
3
6
4
8
5
7
9
1. Beginning Capital
6. Difference
7. Ending Capital
2. Beginning Capital Amount
8. Current Capital Amount
3. Net Income
9. Total Liabilities and Owners Equity
4. Drawing
5. Single Line
Lesson 8-2, page 184