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-   -   The unadjusted and adjusted trial balances (https://www.askmehelpdesk.com/showthread.php?t=816858)

  • Oct 7, 2015, 11:55 AM
    abrown13
    The unadjusted and adjusted trial balances
    Can someone explain this to me:

    I am given the adjusted and unadjusted trail balances for a company on March 31, 2010. I am suppose to journalize the five entries that adjusted the accounts at March 31, 2010. None of the accounts were affected by more than one adjusted entry.

    However, I do not know how to find the five entries. Can someone walk me through this?
  • Oct 7, 2015, 01:05 PM
    paraclete
    Well you find the differences between the accounts and it should all fall into place
  • Oct 20, 2015, 01:32 PM
    pready
    The difference between an unadjusted and adjusted trial balances will be adjusting entries. Each adjusting entry will affect one balance sheet account and one income statement account. For an example a prepaid expense and an expense, or unearned revenue and earned revenue, or depreciation expense and accumulated depreciation are the most common ones.

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