Start with the Journal Entries worksheet. Complete the journal entries for the economic events stated. Post the journal entries to the T accounts in the T Accounts worksheet. 3 Compute the balance in each T account. Be sure that you net the debits and credits when you are computing the balance. If the account is normal sign debit, subtract the credits from the debits. If the account is normal sign credit, subtract the debits from the credits. 4 Complete the financial statement in the "Financial Stmts" worksheet. Fill in the name of the account in the left column and the amount in the right hand column in the appropriate area of the worksheet. Note the five columns in the T Accounts worksheet correspond to the five areas on the statements.