INCOME STATEMENT INFORMATION ON A WORK SHEET

1
INCOME STATEMENT INFORMATION ON A WORK SHEET
Lesson 8-1, page 176
2
HEADING OF AN INCOME STATEMENT
1
2
3
1. Name of Company
2. Name of Report
3. Date of Report
Lesson 8-1, page 176
3
REVENUE, EXPENSES, AND NET INCOME SECTIONS OF AN
INCOME STATEMENT
1
3
2
4
5
7
9
8
10
12
13
14
1. Write the name of the first section.
8. Write Total Expenses.
2. Write the title of the revenue account.
9. Record total expenses.
3. Record the balance of the account.
10. Calculate net income.
4. Write the name of the second section.
11. Rule a single line.
5. Write the title of each expense account.
12. Write Net Income.
6. Record the balance of each account.
13. Record net income.
Lesson 8-1, page 177
7. Rule a single line.
14. Rule double lines.
4
COMPONENT PERCENTAGE ANALYSIS OF AN INCOME
STATEMENT
Lesson 8-1, page 178
5
INCOME STATEMENT WITH TWO SOURCES OF REVENUE AND
A NET LOSS
1. Revenue
2. Account Titles
1
3. Revenue Amounts
4. Total of Sales
3
2
5. Total Sales
4
5
6. Net Loss
7. Record Net Loss
6
7
Lesson 8-1, page 179
6
TERMS REVIEW
component percentage
Lesson 8-1, page 180