bgibbs11
Apr 15, 2011, 11:16 PM
As part of a semester long project I have to prepare Excel schedules that cover all the accounting cycle steps: Journal, Adjusting, and Closing Entries, Posting, Trial Balances (using a 10-column worksheet) & comparative Financial Statements & Notes, based on a corporation's 2nd period of transactions.
Year one has been completed by the professor and should be completely accurate. I am finished all of the journal entries for year 2, and updated all of the T accounts below them based on the events given. The problem is my trial balance is off by 99,050 and I cannot figure out why! The adjusting balances are also finished, and balance, but everything after that hasn't been updated yet, and should be disregarded at this point. I really want to figure this out before I go on much farther.
Please Help!
Year one has been completed by the professor and should be completely accurate. I am finished all of the journal entries for year 2, and updated all of the T accounts below them based on the events given. The problem is my trial balance is off by 99,050 and I cannot figure out why! The adjusting balances are also finished, and balance, but everything after that hasn't been updated yet, and should be disregarded at this point. I really want to figure this out before I go on much farther.
Please Help!