This document discusses how to extend financial statement information from a company's balance sheet and income statement onto a work sheet. It explains how to record debit and credit balances with or without adjustments, record sales and expense balances, record net income or loss, total the columns, and rule the work sheet. The purpose is to consolidate the information from the basic financial statements onto a single work sheet for further analysis or calculations.

1. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 6-3LESSON 6-3
Extending Financial
Statement Information
on a Work Sheet

2. 2
LESSON 6-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
EXTENDING BALANCE SHEET ACCOUNTEXTENDING BALANCE SHEET ACCOUNT
BALANCES ON A WORK SHEETBALANCES ON A WORK SHEET page 162
1. Debit balances without adjustments
2. Debit balances with adjustments
3. Credit balances without adjustments
33
22
11

3. 3
LESSON 6-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
EXTENDING INCOME STATEMENT ACCOUNTEXTENDING INCOME STATEMENT ACCOUNT
BALANCES ON A WORK SHEETBALANCES ON A WORK SHEET page 163
1. Sales balance
2. Expense balances without adjustments
3. Expense balances with adjustments
11
33
22

4. 4
LESSON 6-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
1. Single rule
2. Totals
3. Net income
RECORDING NET INCOME, AND TOTALINGRECORDING NET INCOME, AND TOTALING
AND RULING A WORK SHEETAND RULING A WORK SHEET
4. Extend net income 6. Totals
66 7733
55
221144
5. Single rule 7. Double rule
page 164

5. 5
LESSON 6-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
CALCULATING AND RECORDING A NETCALCULATING AND RECORDING A NET
LOSS ON A WORK SHEETLOSS ON A WORK SHEET page 165
2. Totals
3. Net loss
4. Extend net loss
1. Single rule 22
11
33
44

6. 6
LESSON 6-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 balance sheet
 income statement
 net income
 net loss
page 166

7. 6
LESSON 6-3CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
 balance sheet
 income statement
 net income
 net loss
page 166