Why are a trial balance and an adjusted trial balance important in making sure your books...
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Why
are a trial balance and an adjusted trial balance important in
making sure your books...
what is the procedure for making: A-a trial balance B- unadjusted trial balance C- adjusted trial...
what is the procedure for making: A-a trial balance B- unadjusted trial balance C- adjusted trial balance D- financial statement
What is the major difference between the unadjusted trial balance and the adjusted trial balance? a....
What is the major difference between the unadjusted trial balance and the adjusted trial balance? a. The adjusted trial balance will show the net income (loss) as an additional account. b. Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of- period processing even if it is not in balance. c. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts. d. The adjusted trial balance will...
Why is it important to use the trial balance in accounting?
Why is it important to use the trial balance in accounting?
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31,...
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31, 2018 Account Title Dr. 101 Cash $ 6,500 106 Accounts receivable 28,405 153 Trucks 39,500 154 Accumulated depreciation-Trucks 15,879 183 Land 30,000 201 Accounts payable 15,145 209 Salaries payable 3,465 233 Unearned fees 2,865 307 Common stock 15,000 Retained earnings, December 31, 318 2017 47,700 319 Dividends 26,076 401 Plumbing fees earned 94,000 611 Depreciation expense-Trucks 5,293 622 Salaries expense 43,992 640 Rent expense...
Bramble Company ended its fiscal year on July 31, 2019. Thecompany’s adjusted trial balance as...
Bramble Company ended its fiscal year on July 31, 2019. The
company’s adjusted trial balance as of the end of its fiscal year
is shown below.
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31,...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit $88,665 Cash Accounts Receivable 232,000 17,000 Supplies Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 877,105 Interest Income 5,500 7,000 Dividends Rent Expense 59,900 529,000 Wages Expense Supplies Expense 40,000 Utilities Expense 8,000 Depreciation Expense 150,000 $1,526,565 $1,526,565 Totals Use this information to prepare the Balance Sheet for the fiscal year....
The following is the Bravo Unlimited adjusted Trial Balance. Alpha Dog Company Adjusted Trial Balance December...
The following is the Bravo Unlimited adjusted Trial Balance. Alpha Dog Company Adjusted Trial Balance December 31, 2016 Account Title Debit Credit Cash $88,450 Accounts Receivable 150,000 Supplies 29,255 Stock Investment 172,000 Equipment 295,285 Accumulated Depreciation $238,760 Accounts Payable 78,555 Wages Payable 15,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 895,105 Interest Income 1,500 Rent Expense 64,500 Wages Expense 542,260 Supplies Expense 42,520 Depreciation Expense 167,095 Dividends 8,700 _________ Totals $1,560,065 $1,560,065 Prepare only the Asset section of the...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31,...
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable 232,000 Supplies 17,000 Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 877,105 Interest Income 5,500 Dividends 7,000 Rent Expense 59,900 Wages Expense 529,000 Supplies Expense 40,000 Utilities Expense 8,000 Depreciation Expense 150,000 Totals $1,526,565 $1,526,565 Use this information to prepare the Balance Sheet for the fiscal year....
working backward from adjusted trial balance to determine adjusting entries
working backward from adjusted trial balance to determine adjusting entriesThe partial spreadsheet shown below is taken from the books of Sunstate Computer Supply, a business owned by Michelle Thibeault, for the year ended December 31, 20-, Sunstate is on the periodic inventory system.REQUIRED1. Determine the adjusting entries by analyzing the differencebetween the adjusted trial balance and the trial balance.2. Journalize the adjusting entries in a general journal.
What is the difference between an adjusted trial balance and an unadjusted trial balance?
What is the difference between an adjusted trial balance and an unadjusted trial balance? (Check all that apply.) The unadjusted trial balance is more up to date and should be used to prepare financial statements. The adjusted trial balance is a list of accounts and their balances after adjusting entries have been posted. The adjusted trial balance is used to prepare financial statements. The adjusted trial balance generally has more accounts listed than the unadjusted trial balance.
What is the major difference between the unadjusted trial balance and the adjusted trial balance? a. The adjusted trial balance will show the net income (loss) as an additional account. b. Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of- period processing even if it is not in balance. c. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts. d. The adjusted trial balance will...
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31, 2018 Account Title Dr. 101 Cash $ 6,500 106 Accounts receivable 28,405 153 Trucks 39,500 154 Accumulated depreciation-Trucks 15,879 183 Land 30,000 201 Accounts payable 15,145 209 Salaries payable 3,465 233 Unearned fees 2,865 307 Common stock 15,000 Retained earnings, December 31, 318 2017 47,700 319 Dividends 26,076 401 Plumbing fees earned 94,000 611 Depreciation expense-Trucks 5,293 622 Salaries expense 43,992 640 Rent expense...
Bramble Company ended its fiscal year on July 31, 2019. The
company’s adjusted trial balance as of the end of its fiscal year
is shown below.
The following is the Easton Company's adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit $88,665 Cash Accounts Receivable 232,000 17,000 Supplies Equipment 395,000 Accumulated Depreciation $224,260 Accounts Payable 72,555 Capital Stock 220,000 Retained Earnings 127,145 Service Revenue 877,105 Interest Income 5,500 7,000 Dividends Rent Expense 59,900 529,000 Wages Expense Supplies Expense 40,000 Utilities Expense 8,000 Depreciation Expense 150,000 $1,526,565 $1,526,565 Totals Use this information to prepare the Balance Sheet for the fiscal year....
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