EB13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Adjustments needed: · Accounts payable Accounts receivable Cash Common stock Fees earned revenue Operating expense Supplies $10,075 15,500 64,575 31,000 82,000 38,000 5,000 Physical count of supplies inventory remaining at end of period, $2,150 Taxes payable at end of period, $3,850
EB13. LO 4.4 Prepare an adjusted trial balance from the following account information, considering the adjustment data provided (assume accounts have normal balances). Adjustments needed: · Accounts payable Accounts receivable Cash Common stock Fees earned revenue Operating expense Supplies $10,075 15,500 64,575 31,000 82,000 38,000 5,000 Physical count of supplies inventory remaining at end of period, $2,150 Taxes payable at end of period, $3,850
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.3MBA
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Adjusted trial balance is the statement (non-financial) that includes balances of all the accounts after passing adjusting entries at the close of the year. Such adjustments may relate to outstanding income & expenses or prepaid incomes & expenses, depreciation, etc. Adjusted trial balance is prepared after preparation of trial balance whereas trial balance excludes all adjusting entries.
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