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  • Adjusted Trial Balance

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    Melvin Facturanan
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    The document shows a trial balance for a company before and after adjustments. It includes accounts for assets like cash, accounts receivable, supplies, and equipment. It also includes liability accounts like notes payable and accounts payable. The adjustments include increasing cash by $2,000 and accounts receivable by $12,000. The adjusted trial balance totals are carried to an income statement and balance sheet to show the financial position of the company after incorporating the adjustments.

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    accounting

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    The document shows a trial balance for a company before and after adjustments. It includes accounts for assets like cash, accounts receivable, supplies, and equipment. It also includes liability accounts like notes payable and accounts payable. The adjustments include increasing cash by $2,000 and accounts receivable by $12,000. The adjusted trial balance totals are carried to an income statement and balance sheet to show the financial position of the company after incorporating the adjustments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    34 views2 pages

    Adjusted Trial Balance

    Uploaded by

    Melvin Facturanan
    The document shows a trial balance for a company before and after adjustments. It includes accounts for assets like cash, accounts receivable, supplies, and equipment. It also includes liability accounts like notes payable and accounts payable. The adjustments include increasing cash by $2,000 and accounts receivable by $12,000. The adjusted trial balance totals are carried to an income statement and balance sheet to show the financial position of the company after incorporating the adjustments.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Trial Balance Adjustments Adjusted Trial Balance

    Particulars
    Debit Credit Debit Credit Debit Credit
    Cash 43,000.00 2,000.00 45,000.00 -
    Accounts receivable 18,400.00 12,000.00 30,400.00 -
    Supplies unused 1,084.00 1,084.00 -
    Prepaid insurance 3,000.00 3,000.00 -
    Equipment 28,786.00 28,786.00 -
    Notes Payable 14,000.00 5,000.00 - 9,000.00
    Accounts Payable 5,650.00 - 5,650.00
    V Mateo, Capital 31,500.00 500.00 - 31,000.00
    V Mateo, Drawing 2,000.00 500.00 2,500.00 -
    Talent Fees 145,280.00 - 145,280.00
    Salary Expense 46,500.00 3,000.00 49,500.00 -
    Rent Expense 6,000.00 6,000.00 -
    Advertising 12,100.00 12,100.00 -
    Utility 5,920.00 500.00 6,420.00 -
    Transportation 8,400.00 3,000.00 5,400.00 -
    - -
    175,190.00 196,430.00 23,500.00 3,000.00

    Interest Expense 740.00 740.00 -


    - -
    - -
    190,930.00 190,930.00

    -
    Income Statement Balance Sheet
    Debit Credit Debit Credit
    45,000.00
    30,400.00
    1,084.00
    3,000.00
    28,786.00
    9,000.00
    5,650.00
    31,000.00
    2,500.00
    145,280.00
    49,500.00
    6,000.00
    12,100.00
    6,420.00
    5,400.00
    -

    740.00

    80,160.00 145,280.00 110,770.00 45,650.00


    65,120.00 65,120.00
    145,280.00 145,280.00 110,770.00 110,770.00

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