Chapter 3, Problem P3.37APGA

To determine

Concept introduction:

Trial balance is a accounting report which lists the account balance of company’s ledger. The purpose of trial balance is to ensure that total of debit is equal to the total of credit.

In accounting, journal entry refers to the posting of transaction into journal items. Such entry comprises of either debit or credit transaction. The transaction posted in the journal entry can be rechecked because the debit side of the journal must be equivalent to the credit side of the journal.

Requirement 1:

To determine:

We have to determine the difference between adjusted and unadjusted trial balance.

To determine

Requirement 2:

To determine:

We have to determine the adjusting entries.