Scribd
Upload
71 views2 pages

Unadjusted Trial Balance Overview

This document contains an unadjusted trial balance and adjusted trial balance for a company. The unadjusted trial balance shows account balances before adjustments. The adjustments include reclassifying amounts from prepaid insurance and supplies to expense accounts. The adjusted trial balance reflects these adjustments. It will be used to prepare the company's income statement and balance sheet.

Uploaded by

Rosarie Jenkins
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
71 views2 pages

Unadjusted Trial Balance Overview

This document contains an unadjusted trial balance and adjusted trial balance for a company. The unadjusted trial balance shows account balances before adjustments. The adjustments include reclassifying amounts from prepaid insurance and supplies to expense accounts. The adjusted trial balance reflects these adjustments. It will be used to prepare the company's income statement and balance sheet.

Uploaded by

Rosarie Jenkins
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Acct #

Unadjusted Trial Balance


Dr.
Cr.
Cash
$
32,800
Merchandise Inventory
$
13,500
Store Supplies
$
5,300
Prepaid Insurance
$
2,800
Store Equipment
$
42,500
Accumulated Depreciation - Store Equip
$
19,300
Accounts Payable
$
15,000
Common Stock
$
19,000
Retained Earnings
$
22,000
Dividends
$
2,250
Sales
$ 114,550
Sales Discounts
$
1,800
Sales Returns and Allowances
$
2,100
Cost of Goods Sold
$
38,000
Depreciation Expense - Store Equip
$
Salaries Expense
$
25,000
Insurance Expense
$
Rent Expense
$
14,000
Store Supplies Expense
$
Advertising Expense
$
9,800
Totals
$ 189,850 $ 189,850
Net Income
Totals
Acct Title

Dr.

Adjustments
Cr.
$
$
$

3,300
2,150
1,700

1,625

8,775

$
$

3,300
1,625

1,700

2,150

8,775 $

Adjusted Trial Balance


Dr.
Cr.
$ 32,800
$ 10,200
$ 3,150
$ 1,100
$ 42,500
$ 20,925
$ 15,000
$ 19,000
$ 22,000
$ 2,250
$ 114,550
$ 1,800
$ 2,100
$ 41,300
$ 1,625
$ 25,000
$ 1,700
$ 14,000
$ 2,150
$ 9,800
$ 191,475 $ 191,475

Income Statement
Dr.
Cr.
$
$
$
$
$

Balance Sheet
Dr.
Cr.
32,800
10,200
3,150
1,100
42,500
$ 20,925
$ 15,000
$ 19,000
$ 22,000
2,250

$ 114,550
$
$
$
$
$
$
$
$
$
$
$
$

1,800
2,100
44,600
1,625
25,000
1,700
14,000
2,150
9,800
102,775 $ 114,550 $ 92,000 $ 76,925
11,775
114,550 $ 114,550 $ 92,000 $ 76,925

You might also like