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anngoodas
Nov 13, 2010, 08:37 AM
If your being ask to create a 10 column accountant worksheet, does it have to consist of unadjusted t/b, followed by the adjustments, then postings to the adjusted t/b then an income statement and balance sheet?

pready
Nov 13, 2010, 09:47 AM
The first 2 columns will be the unadjusted trial balance, then the adjustments, then the adjusted trial balance, the Income Statement, and finally the Balance Sheet.

anngoodas
Nov 13, 2010, 11:23 AM
If to say, office supplies were used up in the year, how is this recorded when adjusting your entries in the worksheet?

Just Looking
Nov 13, 2010, 11:38 AM
Dr Office Supplies Expense

Cr - you'll have an account in assets where the amount is currently, perhaps Supplies. Another possibility is a prepaid of some sort. If you read through the accounts available, you will find one. Different companies use different titles, so look through the possibilities.