chapter 8.1 the six-column work sheet the six-column work sheet prepares you for the eight-column...
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![Page 1: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/1.jpg)
Chapter 8.1
The Six-Column Work Sheet
• The six-column work sheet prepares you for the eight-column work sheet in Chapter 9
• Step 1: Write in the heading– Indicate the fiscal period
![Page 2: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/2.jpg)
Chapter 8.1
The Six-Column Work Sheet
• Step 2: Enter, total, and rule the trial balance
![Page 3: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/3.jpg)
Chapter 8.1
The Six-Column Work Sheet
• Step 3: Copy the balance sheet amounts to the balance sheet columns
![Page 4: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/4.jpg)
Chapter 8.1
The Six-Column Work Sheet
• Step 4: Copy the income statement amounts to the income stmt. columns
![Page 5: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/5.jpg)
Chapter 8.1
The Six-Column Work Sheet
• Step 5: Rule and total the last four columns
Total Revenue
Total Expenses
Net Income(the balancing figure)
![Page 6: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/6.jpg)
Chapter 8.1
The Six-Column Work Sheet
• Step 6: Record the net income in the outer two of the last four columns
![Page 7: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/7.jpg)
Chapter 8.1
The Six-Column Work Sheet
• Step 7: Total and rule the work sheet
![Page 8: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/8.jpg)
Chapter 8.1
The Six-Column Work Sheet
• Net Loss Situation: Assume Wages and Bank Loan were $40,000 higher
Changes shown in red. Total Expenses are now higher than Total Revenue.
![Page 9: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/9.jpg)
Chapter 8.1
The Six-Column Work Sheet
• The amount of the net loss is placed in the inner two of the last four columns
![Page 10: Chapter 8.1 The Six-Column Work Sheet The six-column work sheet prepares you for the eight-column work sheet in Chapter 9 Step 1 Step 1: Write in the heading](https://reader037.vdocuments.us/reader037/viewer/2022103015/5516afca550346f6208b51d9/html5/thumbnails/10.jpg)
Chapter 8.1
The Six-Column Work Sheet
• Rule and total the work sheet for a loss situation