CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 6-2LESSON 6-2
Planning Adjusting Entries
on a Work She...
2
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
SUPPLIES ADJUSTMENT ON ASUPPLIES ADJUSTMENT ON A
...
3
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PREPAID INSURANCE ADJUSTMENTPREPAID INSURANCE ADJ...
4
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PROVING THE ADJUSTMENTSPROVING THE ADJUSTMENTS
CO...
5
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PREPARING A WORK SHEETPREPARING A WORK SHEET page...
6
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
7
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
11
8
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
(b)
10000
44
(b)
10000
(a)
71500
(a)
71500
33
496...
9
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERM REVIEWTERM REVIEW
 adjustments
page 161
9
LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERM REVIEWTERM REVIEW
 adjustments
page 161
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Lesson 6 2

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Lesson 6 2

  1. 1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 6-2LESSON 6-2 Planning Adjusting Entries on a Work Sheet
  2. 2. 2 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning SUPPLIES ADJUSTMENT ON ASUPPLIES ADJUSTMENT ON A WORK SHEETWORK SHEET 11 22 page 158 33 1. Write the debit amount. 2. Write the credit amount. 3. Label the two parts of this adjustment.
  3. 3. 3 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning PREPAID INSURANCE ADJUSTMENTPREPAID INSURANCE ADJUSTMENT ON A WORK SHEETON A WORK SHEET page 159 11 22 33 1. Write the debit amount. 2. Write the credit amount. 3. Label the two parts of this adjustment.
  4. 4. 4 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning PROVING THE ADJUSTMENTSPROVING THE ADJUSTMENTS COLUMNS OF A WORK SHEETCOLUMNS OF 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. 11 33 22
  5. 5. 5 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 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.
  6. 6. 6 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  7. 7. 7 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 11
  8. 8. 8 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning (b) 10000 44 (b) 10000 (a) 71500 (a) 71500 33 496400 10000 15000 11000 10000 102500 120000 20000 5000 500000 62500 356500 21300 2800 30000 881500 881500 81500 81500 146600 356500 734900 525000 356500 734900 496400 10000 15000 10000 31000 110000 20000 5000 500000 62500 66 11000 21300 2800 30000 356500 10000 71500 77 209900 209900Net Income 88 99 11 22 55 356500 734900
  9. 9. 9 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning TERM REVIEWTERM REVIEW  adjustments page 161
  10. 10. 9 LESSON 6-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning TERM REVIEWTERM REVIEW  adjustments page 161

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