2 Attachment(s)
Beginning Level class ==> Can you tell me what I'm doing wrong?
I have an accounting project to do on adjusting entries. Yes, this is a beginning level class... so maybe you guys can help me.
Apparently I'm doing something wrong and I really can't figure out what it is.
So I can't really move on to completing the project yet.
I'm getting a couple values wrong from the start...
(They are in RED in the attachment).
What am I doing wrong?
I REALLY REALLY appreciate it.
Thank you very much.
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These are the instructions:
1. Open the accounts listed in the trial balance, inserting their August 31 unadjusted balances. Also open the Income Summary account. Use four column accounts. Date the balances of the following accounts as of August 1: Prepaid Rent, Supplies, Furniture, Accumulated Depreciation – Furniture, Building, Accumulated Depreciation – Building, Unearned Commission Revenue, Common Stock, and Retained Earnings.
2. Complete the adjusted trial balance for the month ended August 31.