 |
|
|
 |
Junior Member
|
|
Jun 30, 2009, 06:01 AM
|
|
How do I complete this adjustments
Good Day! I am asking someone to please help us with this topic we've already done it none of us passed our teacher is to busy to help us, so we come to someone out there, I believe I did the trial balance correct but the adjustment is a problem we never did this but we are willing to learn. Please help us. :o
|
|
 |
Senior Member
|
|
Jun 30, 2009, 06:38 AM
|
|
First step is to close all the temporary accounts (reveunes and expenses) to income summary or in this case I think it is being called Exp and Rev Summary.
|
|
 |
Junior Member
|
|
Jun 30, 2009, 06:45 AM
|
|
We don't understand we haven't reached there, all we got were an example of a trial balance and were told to do it.
|
|
 |
Senior Member
|
|
Jun 30, 2009, 07:06 AM
|
|
At what point do you no longer understand?
You are there, like I said you need to close all the revenue & expense accounts to the Exp and Rev Summary account. You need to zero all these accounts out so if you have $3000 credit in reveune you need to debt reveune 3000 and credit income summary. You need to do this for all the accounts.
|
|
 |
Junior Member
|
|
Jun 30, 2009, 02:53 PM
|
|
OK! We tried and tried we made a lot of errors but Peachey figured out some and she posted it, please review it and make any corrections please help us, we can't go any further.
|
|
 |
New Member
|
|
Jun 30, 2009, 04:07 PM
|
|
Compute te adjustment necessary for Property Taxes Expense for the month of May
|
|
 |
New Member
|
|
Jun 30, 2009, 04:10 PM
|
|
Compute the adjusment necessary for property taxes expense for the month of may.
4/01 Prepaid property taxes 1,594.78
Bank
Paid six months property taxes for the perid 4/01 through 10/31. How do I get the answer what is the answer
|
|
 |
Junior Member
|
|
Jun 30, 2009, 09:09 PM
|
|
charlesjerome: I think if you make your own thread you will get a quicker answer also they will want you to try trust me we know.
|
|
 |
Uber Member
|
|
Jul 3, 2009, 11:10 PM
|
|
Janelle, how very true! :-)
Did you see my post to Peachy?
|
|
 |
Junior Member
|
|
Jul 4, 2009, 06:04 AM
|
|
Yes! I did and thank you a lot you are a life saver.
|
|
Question Tools |
Search this Question |
|
|
Add your answer here.
Check out some similar questions!
Need only Adjustments
[ 5 Answers ]
I have sim that I can't get to balance my ADJUSTMENTS on my WORKSHEET:(
the following are the given of my TRIAL BALANCE;
Cash $ 210,000(Dr.)
Accounts Receivable 930,000(Dr.)
Prepaid Advertising ...
Accounting adjustments
[ 1 Answers ]
I am having problems with adjustments to get an adjusted trial balance. The first question is :
1. As of Dec. 31, employees had earned 900 of unpaid and unrecorded salaries. The next payday is January 4, at which time 1600 of salaries will be paid.
2. The notes paable requires an interest...
Price adjustments
[ 2 Answers ]
When most industries adjust to offer low priced products and offer low wages, some industries that produce pricey products find their market demand dwindling and their bottom-line shrinking.
Is this true?
View more questions
Search
|