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    harvilleinc's Avatar
    harvilleinc Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 31, 2008, 05:23 PM
    Adjusted Trial Balance
    B. C. Towe, Quick Cleaners
    Trial Balance
    December 31, 20—


    Account Name Debit Credit
    Cash 1,350
    Accounts Receivable 3,800
    Prepaid Insurance 720
    Equipment 29,100
    Accumulated Depreciation, Equipment 9,220
    Van 22,800
    Accumulated Depreciation, Van 17,200
    Accounts Payable 2,200
    B. C. Towe, Capital 30,200
    B. C. Towe, Drawing 25,000
    Cleaning Revenue 80,100
    Wages Expense 48,170
    Rent Expense 3,000
    Advertising Expense 1,410
    Van Expense 1,800
    Cleaning Supplies Expense 1,370
    Miscellaneous Expense 400
    138,920 138,920

    Data for the adjustments:
    a. Depreciation of equipment, $3,010
    b. Depreciation of van, $2,200
    c. Accrued wages, $660
    d. Insurance expired, $450

    After I made my adjustments my total for Debits were 144,340 and Credits 144,580 what am I doing wrong?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Apr 3, 2008, 11:52 AM
    There isn't any way for anyone to know what you're doing wrong if you don't show the work you did for your adjusting entries. There isn't any way for anyone to know where you got 144,340 and 144,580 from.

    Since the unadjusted trial balance does balance, the error has to be in the adjusting entries themselves, or in the math transferring over to your adjusted trial balance. Only possibilities.
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