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    Misty Valencia's Avatar
    Misty Valencia Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 15, 2007, 04:36 PM
    Adjusted Trial Balance
    Please help! I am having trouble with this adjusted Trial Balance. I have attached
    What I have done and what is required... Help



    Adjusted Trial Balance


    Debit Credit


    Cash 2600
    ADJ 180
    ADJ 300
    ADJ 430
    AR 7600
    ADJ 180
    ADJ 1020
    Supplies 600
    Equipment 8300
    AP 9766
    ADJ 36
    Common Stock 1941
    Dividends 1500
    ADJ 600
    Service Rev 15200
    ADJ 561
    Wages Expense 3800
    ADJ 300
    Repair Expense 1600


    Total

    28107 28407
    Attached Images
  1. File Type: pdf ISS_0795_000.pdf (37.1 KB, 252 views)
    2. CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Oct 15, 2007, 09:54 PM
    What you need to do is…

    For the 6 adjusting entries, you need to make 6 journal entries.

    So for number 2, you would:

    What was done:
    Dr. Cash 530
    Cr. AR 530

    What should have been done:
    Dr. Cash 350
    Cr. AR 350

    What needs to be done to fix the mistake:
    Dr. AR 180
    Cr. Cash 180

    (530-350) = 180
    Now, once you make Journal Entries for all 6 of them, add those changes to the accounts and changes the numbers on the trial balance.

    Do not but ADJ on the adjusted trial balance.

    Only final new numbers should be there…so there should be 1, new number for cash.

    Cash will be 2,600 – 180 and plus or minus any other changes from the other adjusting entries, if any.
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