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LESSON 4-3. Preparing a Work Sheet for a Departmentalized Business. PROVING THE ACCURACY OF POSTING TO SUBSIDIARY LEDGERS. page 99. DEPARTMENTAL WORK SHEET. pages 102-103. DEPARTMENTAL WORK SHEET. pages 102-103. ADJUSTMENT INFORMATION. page 104. Total Sales on Account. Percentage.

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LESSON 4-3

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Lesson 4 3

LESSON 4-3

Preparing a Work Sheet for a Departmentalized Business


Proving the accuracy of posting to subsidiary ledgers

PROVING THE ACCURACY OF POSTING TO SUBSIDIARY LEDGERS

page 99

LESSON 4-3


Departmental work sheet

DEPARTMENTAL WORK SHEET

pages 102-103

LESSON 4-3


Departmental work sheet1

DEPARTMENTAL WORK SHEET

pages 102-103

LESSON 4-3


Adjustment information

ADJUSTMENT INFORMATION

page 104

LESSON 4-3


Adjustments shown on work sheet

Total Saleson Account

Percentage

Estimated Uncollectible Accounts Expense

×

=

$210,940.00

×

1%

=

$2,109.40

ADJUSTMENTS SHOWN ON WORK SHEET

page 104

LESSON 4-3


Departmental and company loss on a work sheet

1

2

3

4

DEPARTMENTAL AND COMPANY LOSS ON A WORK SHEET

page 109

5

1. Write department loss in Departmental Margin Statement Credit column.

2. Write department loss in Income Statement Debit column.

3. Record company loss in Income Statement Credit column.

4. Record company loss in Balance Sheet Debit column.

5. Add description.

LESSON 4-3


Terms review

TERMS REVIEW

page 110

  • schedule of accounts receivable

  • schedule of accounts payable

  • work sheet

  • trial balance

  • plant assets

  • depreciation expense

LESSON 4-3


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