CENTURY 21 ACCOUNTING © Thomson/South-Western

LESSON 6-2LESSON 6-2

Planning Adjusting Entries on a Work Sheet

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2

SUPPLIES ADJUSTMENT ON A SUPPLIES ADJUSTMENT ON A WORK SHEETWORK SHEET

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1. Write the debit amount.

2. Write the credit amount.

3. Label the two parts of this adjustment.

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2

PREPAID INSURANCE ADJUSTMENT PREPAID INSURANCE ADJUSTMENT ON A WORK SHEETON A WORK SHEET page 159

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1. Write the debit amount.

2. Write the credit amount.

3. Label the two parts of this adjustment.

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2

PROVING THE ADJUSTMENTS COLUMNS PROVING THE ADJUSTMENTS COLUMNS OF A WORK SHEETOF A WORK SHEET page 160

3. Rule double lines.

2. Add both the Adjustments Debit and Credit columns. Write each column’s total.

1. Rule a single line.

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2

PREPARING A WORK SHEETPREPARING A WORK SHEET page 160 C

1. Write the heading.

2. Record the trial balance.

3. Record the supplies adjustment.

4. Record the prepaid insurance adjustment.

5. Prove the Adjustments columns.

6. Extend all balance sheet account balances.

7. Extend all income statement account balances.

8. Calculate and record the net income (or net loss).

9. Total and rule the Income Statement and Balance Sheet columns.

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2

(b) 10000

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(b) 10000

(a) 71500

(a) 71500

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4964001000015000

11000

10000102500120000

200005000

50000062500

35650021300

280030000

881500 881500 81500 81500 146600 356500 734900 525000

356500 734900

49640010000150001000031000

11000020000

5000500000

62500

66

11000

21300

280030000

356500

10000

71500

77

209900 209900Net Income 8899

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356500 734900

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 6-2

TERM REVIEWTERM REVIEW

adjustments

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