U2 L15 The Eight-Column Worksheet

U2 L15 The Eight-Column Worksheet - The Eight-Column...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
The Eight-Column Worksheet In a previous lesson, you learned how to use a six-column work sheet in order to organize a company's information in preparation for its financial statements. Now that you are familiar with the process of recording adjustments at the end of a period, for supplies, prepaid expenses, and late invoices, we can expand the work sheet to include eight columns. The eight columns include two trial balance columns, two adjustment columns, two income statement columns, and two balance sheet columns. The eight-column work sheet is the first document on which adjustments are recorded. In this lesson, you will learn how to record a company's adjustments on its eight-column work sheet, how to balance the work sheet, and how to then journalize and post the adjusting entries. As stated above, the eight-column work sheet is the first document on which adjustments are recorded. They are recorded here first, so that the adjusted balances can be used in the preparation of a company's
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 7

U2 L15 The Eight-Column Worksheet - The Eight-Column...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online