Preparing a worksheet

Do you think all the accounts are listed on the worksheet trial balance section?What about those with a zero balance?
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Slide 1: Mind map
AccountingSecondary Education

This lesson contains 20 slides, with interactive quizzes and text slides.

time-iconLesson duration is: 60 min

Items in this lesson

Do you think all the accounts are listed on the worksheet trial balance section?What about those with a zero balance?

Slide 1 - Mind map

8.1:Preparing the worksheet
Pages 199-203

Slide 2 - Slide

Objectives
Summarize the importance of the items in a trial balance section.
Analyze a source document of a company
Create a six column worksheet 

Slide 3 - Slide

A Worksheet
Like the T account, the work sheet is a tool that the accountant uses. With the work sheet, an accountant gathers all of the information needed to prepare the financial statements and to complete the other end-of-period activities.
All of the general ledger accounts are listed on the work sheet, even
those that have a zero balance. Listing all of the accounts avoids accidentally omitting an account and ensures that the work sheet contains all accounts 
needed to prepare the financial reports.

Slide 4 - Slide

Slide 5 - Link

Activity 1: Individually: What
is the order of accounts on the work
sheet by classification?
timer
4:00

Slide 6 - Open question

timer
3:00
Why is the above order followed in the trial balance section of a worksheet

Slide 7 - Mind map

Pairs
1.Farah and Maria
2. Zainab and Raghad
3. Mariam and Yasmeen
4. Shatha and Malika
5.S. Ahmed and S. Mohammed

Slide 8 - Slide

Slide 9 - Slide

Questions based on the source document
Based on the invoice presented here, answer the following questions in your working papers.

1. Which company ordered the supplies?
3. On what date were the supplies received?
4. What does item 1  cost?
5. How many item 2  were ordered?
6. What is the invoice number?

Slide 10 - Slide

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3:00
Answer Here

Slide 11 - Mind map

Refer to textbook pages 203 
The columns in the Trial Balance section of the work sheet have different totals:
Debit total =$34,800
Credit total =$35,600
The accountant
discovered that  the balance for  Advertising Expense had been entered in  the Credit column


timer
4:00

Slide 12 - Slide

instead of the Debit column. Calculate the balance for the
Advertising Expense account that should have been entered
in the Debit column.
What is the new total
of the Debit column  and Credit column?

Slide 13 - Slide

Answer here

Slide 14 - Mind map

Answer
Out-of-balance amount: $800; correct balance: $400;
 debit total: $35,200;
 credit total: $35,200

Slide 15 - Slide

Check the answers of your friends of the given question.

Slide 16 - Mind map

Groups
1.Maria, Farah, Malika, S. Mohammed, Shatha
2.Mariam, Zainab, Raghad, Yasmeen,S. Ahmed

Slide 17 - Slide

Group Work: Create a six column worksheet .List the items and amounts of your choice. Do it in a word document and post here.
timer
7:00

Slide 18 - Open question

GIve the learning targets of the lesson.

Slide 19 - Mind map

Write the main points of the lesson.

Slide 20 - Mind map