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    happyoko2001's Avatar
    happyoko2001 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jun 18, 2008, 06:15 AM
    T-account from unadjusted trial balance
    I have to prepare T-accounts with balances from the unadjusted trial balance.
    In the Unadjusted Trial Blance, there are

    1) Accumulated depreciation - A Cr $10000
    2) Accumulated depreciation - B Cr $15000
    .
    .
    .
    10) Depreciation expense - A Dr $0
    11) Depreciation expense - B Dr $0

    Are these supposed to be included on the T-accounts? If so, which categories do theybelong to - assets, liabilities, or equity?

    Please help! I'm stuck looking for an answer for last 3 hours:( :( :(
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jun 19, 2008, 08:59 PM
    If you're supposed to prepare t accounts, then you need them for all accounts that have been used. The Depreciation Expense doesn't have a balance yet, but they will get used or they wouldn't have included them in the problem. So you'll still need the t accounts. (You don't need to write the 0 balance in though. Just make them and leave them blank until they're used.)

    Expenses are, well, expenses. Accumulated Depreciation is a contra asset.

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