Hi everyone. I have gone through this set several times now and can't seem to find where the problem is. My trial balance is in balance, my adjusted trial balance is in balance. After that it all goes downhill. I am not even 100% sure that my trial balance is correct. If someone could please look it over and let me know what is wrong and what it should be I would really appreciate it.

I have attached my Excel 2003 file which includes tabs for the chapters instructions, my worksheets and what the final post closing trial balance should look like. In additional to my balancing issues, if someone could please explain why Unearned revenue is not closed as I thought it would close into Income Summary.

As you will see, I am not even close :(.

I know that Chapter 3 results are correct as I match the balance total from the book.

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Originally Posted by deanne4321

Hi everyone. I have gone through this set several times now and can't seem to find where the problem is. My trial balance is in balance, my adjusted trial balance is in balance. After that it all goes downhill. I am not even 100% sure that my trial balance is correct. If someone could please look it over and let me know what is wrong and what it should be I would really appreciate it.

I have attached my Excel 2003 file which includes tabs for the chapters instructions, my worksheets and what the final post closing trial balance should look like. In additional to my balancing issues, if someone could please explain why Unearned revenue is not closed as I thought it would close into Income Summary.

As you will see, I am not even close :(.

I know that Chapter 3 results are correct as I match the balance total from the book.

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I think I got it, thank you to morgaine300's link to Principles of Accounting Chapter 4. That is the best website! Thank you!

I give that out a lot, so I don't know which time... but you're welcome. :-)