12 Column Worksheet
Well preparing the 12 column worksheet is just like preparing the 10 column worksheet. So it would be best to see my blog post about the 10 column worksheet once again under Chapter 3 for review.
To prepare the 12 column worksheet, remember everything that you need to consider in preparing the 10 column worksheet and add these things:
Put the following accounts under the Income Statement Column:
Supplies Used
Depreciation Expense
Bad Debts
Put the following accounts under the Balance Sheet Column:
Accumulated Depreciation
Allowance for Bad Debts
Accrued Expenses
Here is a sample 12 column worksheet from Sr. Randy
Here are also sites that may help you in understanding this lesson:
http://accountingexplained.com/financial/cycle/accounting-worksheet
https://www.slideshare.net/charliemaedolipas/12-column-worksheet
http://christygarrett.weebly.com/uploads/6/5/7/0/6570222/glencoe_accounting_chp18.pdf
