Work Sheet - Terms

Introduction of an 8 column worksheet for a partnership set up as a merchandising business., and how fill in the heading. Introduction of the trial balance columns, plan/record adjustments to merchandise inventory, supplies and prepaid insurance & prove the equality of the debit and credit columns of a worksheet. Introduction of how to extend balance sheet account balances and income statement account balances on a worksheet, calculate and record the net income or net loss on a worksheet, as well, as total and rule a worksheet.