Chapter 8 - The Six-Column Worksheet

I can explain the purpose of the worksheet.

I can describe the parts of the six-column worksheet.
I can prepare a six-column worksheet.
I can calculate net income and net loss.
Chapter 8 - The Six-Column Worksheet
Entering Account Balances on the Worksheet
Problem 8-1, pg. 200

Trial Balance
Account Name Classification Debit Credit
Store Equipment Asset X
Rent Expense
Service Fees Revenue
Accounts Payable - Rubino Supply
Scott Lee, Capital
Advertising Expense
Accounts Receivable - John Langer
Scott Lee, Withdrawals
Maintenance Expense
Office Supplies
Chapter 8 - The Six-Column Worksheet
Analyzing a Source Document
Problem 8-2, pg. 200

1. Which company shipped the supplies?

2. Which company ordered the supplies?
3. On what date were the supplies received?
4. What does one box of file folders cost?
5. How many ring binders were ordered?
6. What is the invoice number?
Chapter 8 - The Six-Column Worksheet
Extending Amounts Across the Worksheet
Problem 8-3, pg. 207

Income Statement Balance Sheet

Account Name Debit Credit Debit Credit
Store Equipment
Rent Expense
Service Fees Revenue
Accounts Payable - Rubino Supply
Scott Lee, Capital
Advertising Expense
Accounts Receivable - John Langer
Scott Lee, Withdrawals
Maintenance Expense
Office Supplies
Chapter 8 - The Six-Column Worksheet
Preparing a Six-Column Worksheet
Problem 8-4, pg. 212

ACCT TRIAL BALANCE INCOME STATEMENT BALANCE SHEET

ACCOUNT NAME
NO. DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20

Analyze: Identify the permanent accounts on the worksheet that have normal debit balances.

Your Name! 02/28/2024

Chapter 8 - The Six-Column Worksheet
Preparing a Six-Column Worksheet
Problem 8-5, pg. 212

ACCT TRIAL BALANCE INCOME STATEMENT BALANCE SHEET

ACCOUNT NAME
NO. DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24

Analyze: Identify the permanent accounts on the worksheet that have normal credit balances.

Your Name! 02/28/2024

Chapter 8 - The Six-Column Worksheet
Preparing a Six-Column Worksheet
Problem 8-6, pg. 213

ACCT TRIAL BALANCE INCOME STATEMENT BALANCE SHEET

ACCOUNT NAME
NO. DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26

Analyze: Compute the total liabilties for Kits & Pups.

Your Name! 02/28/2024

Chapter 8 - The Six-Column Worksheet
Preparing a Six-Column Worksheet
Problem 8-7, pg. 214

ACCT TRIAL BALANCE INCOME STATEMENT BALANCE SHEET

ACCOUNT NAME
NO. DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
21 21
22 22
23 23
24 24

Analyze: Compute the total assets for Outback.

Your Name! 02/28/2024

Chapter 8 - The Six-Column Worksheet
Completing the Worksheet
Problem 8-8, pg. 214
Job Connect
Worksheet
For the Month Ended May 31, 20--
ACCT TRIAL BALANCE INCOME STATEMENT BALANCE SHEET
ACCOUNT NAME
NO. DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
1 101 Cash in Bank 18,972 18,972 1
2 105 Accts. Rec. - CompuRite Systems 765 765 2
3 110 Accts. Rec. - Marquez Manufacturing 908 908 3
4 113 Accts. Rec. - Roaring Rivers 1,268 4
5 115 Accts. Rec. - Melanie Spencer 86 86 5
6 120 Training Class Supplies 413 413 6
7 125 Office Supplies 3,061 7
8 130 Office Equipment 4,719 8
9 135 Office Furniture 19,960 9
10 140 Computer Equipment 9,382 10
11 201 Accts. Pay. - Micro Solutions Inc. 3,019 3,019 11
12 205 Accts. Pay. - Vega Internet Services 8,397 12
13 207 Accts. Pay. - Wildwood Furniture 5,284 5,284 13
14 301 Richard Tang, Capital 41,500 41,500 14
15 302 Richard Tang, Withdrawals 1,500 15
16 303 Income Summary 16
17 401 Placement Fees Revenue 3,385 17
18 405 Technology Classes Revenue 7,600 18
19 501 Advertising Expense 2,174 2,174 19
20 505 Maintenance Expense 1,385 1,385 20
21 510 Miscellaneous Expense 206 206 21
22 520 Rent Expense 4,100 22

23 530 Utilities Expense 286 286 23

24 69,185 69,185 24

25 Net Income 25

26 26

Analyze: Compute the owner's equity. (Hint: Be sure to include the temporary accounts.)

Your Name! 02/28/2024