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Preparation of Trial Balance and Adjusting Entries in Accounting

   

Added on  2023-03-23

15 Pages1937 Words75 Views
ACCOUNTING 1
ACCOUNTING
Preparation of Trial Balance and Adjusting Entries in Accounting_1
ACCOUNTING 2
Contents
Step 2:.........................................................................................................................................3
Step 3:.........................................................................................................................................3
Step 4:.........................................................................................................................................4
Step 5:.........................................................................................................................................5
Step 6:.........................................................................................................................................6
Step 7:.........................................................................................................................................7
Part 1:......................................................................................................................................7
Part 2:......................................................................................................................................8
Part 3:......................................................................................................................................9
Part 4:......................................................................................................................................9
References................................................................................................................................10
Preparation of Trial Balance and Adjusting Entries in Accounting_2
ACCOUNTING 3
Step 2:
Particulars Debit Credit
Interest expense
16,600.0
0
To interest payable
16,600.0
0
Supplies expense
1,245.0
0
To Supplies
1,245.0
0
Insurance expense
2,656.0
0
To prepaid insurance
2,656.0
0
Depreciation expense-office furniture
20,000.0
0
To Accumulated depreciation-office
furniture 20000
Depreciation expense-office equipment
16,000.0
0
Preparation of Trial Balance and Adjusting Entries in Accounting_3
ACCOUNTING 4
To Accumulated depreciation-office
equipment
16,000.0
0
Depreciation expense-equipment
12,000.0
0
To Accumulated depreciation-equipment
12,000.0
0
Depreciation expense-automobile
16,000.0
0
To Accumulated depreciation-automobile
16,000.0
0
Revenue
10,375.0
0
To unearned revenue
10,375.0
0
Step 3:
Preparation of Trial Balance and Adjusting Entries in Accounting_4

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