© 2000 South-Western© 2000 South-WesternEducational PublishingEducational Publishing

5. Add amounts and compare the totals.

PREPARING A BALANCE SHEETPREPARING A BALANCE SHEET

Lesson 1-3, page 14Lesson 1-3, page 14

5

1

3

4

2

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1. Write the heading.

2. Prepare the assets section.

3. Prepare the liabilities section.

4. Prepare the owner’s equity section.

6. Rule single lines.

7. Write the totals.

8. Rule double lines.

8

© 2000 South-Western© 2000 South-WesternEducational PublishingEducational Publishing

TTERMS REVIEWERMS REVIEWbalance sheet

Lesson 1-3, page 15Lesson 1-3, page 15