CENTURY 21 ACCOUNTING © Thomson/South-Western

LESSON 15-4LESSON 15-4

Preparing a Balance Sheet

CENTURY 21 ACCOUNTING © Thomson/South-Western

2

LESSON 15-4

BALANCE SHEET INFORMATION ON A BALANCE SHEET INFORMATION ON A WORK SHEETWORK SHEET page 464

CENTURY 21 ACCOUNTING © Thomson/South-Western

3

LESSON 15-4

CURRENT ASSETS SECTION OF A CURRENT ASSETS SECTION OF A BALANCE SHEETBALANCE SHEET

11

22

33

44

55

page 465

3. Book value of accounts receivable

4. Asset accounts1. Heading

2. Begin assets section 5. Current assets

CENTURY 21 ACCOUNTING © Thomson/South-Western

4

LESSON 15-4

PLANT ASSETS SECTION OF A PLANT ASSETS SECTION OF A BALANCE SHEETBALANCE SHEET

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22

33

page 466

44

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.

CENTURY 21 ACCOUNTING © Thomson/South-Western

5

LESSON 15-4

LIABILITIES SECTION OF A BALANCE LIABILITIES SECTION OF A BALANCE SHEETSHEET

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33

page 467

1. Heading

2. Account title and amount of each current liability

3. Total liabilities

22

CENTURY 21 ACCOUNTING © Thomson/South-Western

6

LESSON 15-4

STOCKHOLDERS’ EQUITY SECTION OF A STOCKHOLDERS’ EQUITY SECTION OF A BALANCE SHEETBALANCE SHEET

11

page 468

5. Total liabilities and stockholders’ equity

44

66

55

2233

2. Capital stock

1. Stockholders’ Equity

3. Retained earnings

4. Total stockholders’ equity

6. Double rules

CENTURY 21 ACCOUNTING © Thomson/South-Western

7

LESSON 15-4

COMPLETED BALANCE SHEETCOMPLETED BALANCE SHEET page 469

(continued on next slide)

CENTURY 21 ACCOUNTING © Thomson/South-Western

8

LESSON 15-4

COMPLETED BALANCE SHEETCOMPLETED BALANCE SHEET page 469(continued from previous

slide)

CENTURY 21 ACCOUNTING © Thomson/South-Western

9

LESSON 15-4

TERMS REVIEWTERMS REVIEW

current liabilities long-term liabilities supporting schedule

page 471