N a m e - - - - - - - - - - - - - - - - - - - - Date _ _ _ _ _ _ Class _ _ _ _ __

- WORK TOGETHER, p. 192

- Preparing a balance sheet

7 a
BALANCE SHEET
ACCOUNT TITLE
DEBIT CREDIT

I Cash 95 00 00 I

2 Petty Cash 10 000 2

• Accts. Rec.-Betsy Russell 16 50 00 3

• Accts. Rec.-Charles Healy 14 03 00 •

5 Supplies 22 000 5

• Prepaid Insurance 64 0 00 •
7
Accts. Pay.-Lindgren Supply 54 8 00 7

a Accts. Pay.-Taxes By Thomas 1 1 100 8

9
Ken Cherniak, Capital 11 81 000 9

10
Ken Cherniak, Drawing 85 5 00 10

II Income Summary II

ia 14 36 8 00 12 46 9 00 18

19 Net Income 18 99 00 19

20
14 36 8 00 14 36 8 00 20

21 21

22 22

• Chapter 7 Financial Statements for a Proprietorship • 147