. Write the names of the most important financial statements in the order in which they are prepared:

A.______________________________________________

B.______________________________________________

C.______________________________________________

2. Write the formula for each of the financial statements above:

(Something +/- something +/- something = something +/-something +/- something)

As your formula, use the words that would be the section headings and/or the bottom line of the financial statement.

Present the formulae in the order the statements are prepared.

Your formulae may be either horizontal or vertical and still be correct.

Statement A: Statement Name:_______________________________________

Statement Formula:

Statement B: Statement Name: ________________________________________________

Statement Formula:

Statement C: Statement Name: ___________________________________________________

Statement Formula:

3. Debits & Credits Review		Increase		Decrease
Account Type		With: (DR or CR?)		With: (DR or CR?)
Assets
Liabilities
Owners Equity:(No entry here)
Owner, Capital
Owner, Withdrawals/Draws
Revenue
Expenses