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whtnht74 Jun 11, 2012, 01:43 PM I am preparing a 10 column worksheet and started with the unadjusted trial balances. How would I record an adjustment for a utilities expense that was not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared? paraclete Jun 11, 2012, 02:36 PM I am preparing a 10 column worksheet and started with the unadjusted trial balances. How would I record an adjustment for a utilities expense that was not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared? use one of those columns captioned accrued expenses whtnht74 Jun 11, 2012, 06:41 PM That is not one of the options the titles I have to choose from are: Cash Supplies Prepaid insurance Equipment Accumulated deprection-Equipment Accounts Payable Interest payable Rent payable Wages Payable Property taxes payable Long-term notes payable S. Adams Capital S. Adams Withdrawals Construction fees earned Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Repairs expense Utilities expense I know one of the titles is Utilities expense I am just not sure of the other. whtnht74 Jun 11, 2012, 06:41 PM That is not one of the options the titles I have to choose from are: Cash Supplies Prepaid insurance Equipment Accumulated deprection-Equipment Accounts Payable Interest payable Rent payable Wages Payable Property taxes payable Long-term notes payable S. Adams Capital S. Adams Withdrawals Construction fees earned Depreciation expense-Equipment Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Repairs expense Utilities expense I know one of the titles is Utilities expense I am just not sure of the other.[/QUOTE] paraclete Jun 11, 2012, 06:55 PM I think it might fall under Accounts Payable. I find it difficult to believe all of these are column headers, they seem to me to be account names and thus row captions what you typically have is a debit to utilities expense and a credit to accounts payable adjusting the initial trail balance data so you should have an adjustment column for accrued expenses, just as you might have one for prepaid expenses, Copyright ©2005-, Ask Me Help Desk
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