Question

I need help with the adjusting trail balance they aren't adding up and I'm not sure what I've done wrong.
F 5 Account Title Income Statement DR CR Balance Sheet DR CR | 7 Cash 8 Accounts Receivable 9 Allowance for Doubtful Accounts 10 Interest Receivable 11 Note Receivable 12 Merchandise Inventory 13 Prepaid Insurance 14 Prepaid Rent 15 Supplies 16 Equipment 17 Accumulated Depreciation - Equipment 18 Accounts Payable 19 Salaries & Wages Payable 20 Uneamed Revenue 21 Interest Payable 22 Utilities Payable 23 Note Payable (final payment due 2023) 24 Common Stock 25 Retained Earnings 26 Dividends 27 Sales 28 Consulting Revenue 29 Sales Returns and Allowances 30 Sales Discounts 31 Cost of Goods Sold 32 Salaries & Wages Expense 33 Depreciation Expense - Equipment 34 Bad Debt Expense 35 Insurance Expense 36 Rent Expense 37 Supplies Expense 38 Utilities Expense 39 Interest Revenue 40 interest Expenso 41 42 Net Income 43 End of Period Worksheet For the Year Ended December 31, 2019 Unadjusted Trial Balance Adjustments DR CR DR CR 270,788 1,070,384 18.514 9.5311 359.180 782,572 | 28,728 19,152 121296 6.390 116.622 1,118,264 118,104 110,626 111,826 71,490 32,000 12.000 15,920 12.314 758,100 585,200 904,400 234.000 11,179,980 | 12.000 63,840 137,256 7,612,388 1,733,256 71,490 110,626 Adjusted Trial Balance DR CRL 270,788 1,070,384 18,514 8,531 359.180 782,572 9.576 114.906 116,622 1,118,264 228.730 111,826 71.490 20,000 15,920 12,314 758,100 585,200 904,400 234,080 11,179,980 12,000 63,840 137,256 7,612,388 1.804.746 110,626 19,152 6,390 116.622 12.314 19,152 6,390 116,622 140,526 128.212 8,531 | 8,531 15,920 373.045 13.708.124 13.708.124 373.045 13.995.747 T 14.043.627 45

Answer 1

Few issued that are there in your Trial Balance

Unadjusted Trial balance

• Total Debits are not equal to total credits. There is a difference of $47880
• Supplies balance is 0. If that is the case you cant book supplies expense

Adjusted Trial Balance

• Total Debits are not equal to total credits. There is a difference of $47880
• Fix the difference in Unadusted TB and your Adjusted TB would match.

Notes

	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Accounts Titles	Debit	Credit	Debit	Credit	Debit	Credit
Cash	270788				270788
Accounts Receivable	10,70,384				1070384
Allowance for doubtful accounts		18514				18,514
Interest Receivable			8531		8531
Note Receivable	3,59,180				359180
Inventory	7,82,572				782572
Prepaid Insurance	28728			19152	9576
Prepaid Rent	1,21,296			6390	114906
Supplies	47880			43206	4674
Equipment	1118264				1118264
Acc. Dep		1,18,104		110626		2,28,730
Accounts Payable		111826				1,11,826
Salaries & Wages Payable				71490		71,490
Unearned Revenue		32000	12000			20,000
Interest Payable				15920		15,920
Utilities Payable				12314		12,314
Notes Payable		758100				7,58,100
Common Stock		585200				5,85,200
Retained Earnings		9,04,400				9,04,400
Dividends	234080				234080
Sales		11179980				111,79,980
Consulting revenues				12000		12,000
Sales returns & allowaces	63840				63840
Sales disounct	137256				137256
COGS	76,12,388				7612388
Salaries & Wages Expenses	17,33,256		71490		1804746
Depreciation expense			110626		110626
Bad debt expense					0
Insurance expense			19152		19152
Rent expense			6390		6390
Supplies expense			43206		43206
Utilities Expense	1,28,212		12314		140526
Interest Revenue				8531		8,531
Interest Expense			15920		15920
Total	13708124	13708124	299629	299629	13927005	13927005

Please comment in case of any issue and I will be happy to help.