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10 column worksheet
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?
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Originally Posted by whtnht74
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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. |
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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] |
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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,
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