[tnbedroomeyes]

How do I preparing adjusting, reversing, and next period entries? I have to do a six column table by entering adjustments that reflect the following information: An Example is:
As of December 31, 2005, employees had earned $900 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,600 of salaries will be paid.

[morgaine300]

There are a lot of adjusting entries. No one can just tell you how to do "them." Giving you the answer to the salary one will not help you with any other ones because they're all different. (i.e. that would just be giving you an answer, not a hint to help with the whole problem.) Adjusting entries is usually an entire chapter so you're basically asking someone to tell you an entire chapter.

But here is some stuff online about them:
Adjusting Entries | AccountingCoach.com
You can ask questions about whatever you don't understand, but we can't just tell you how to do all adjusting entries.

If you actually know how to do the entries, but the problem is how to get them onto the worksheet, there is an example of one here:
http://www.principlesofaccounting.com/chapter%204.htm#PREPARING%20FINANCIAL%20STATEMENTS

Doing them on the worksheet is not a whole lot different. If you know what to debit and credit, you just put them under the appropriate columns on the appropriate row, even if it doesn't look quite like an adjusting entry.

Reversing entries literally reverse an adjusting entry - i.e. you credit what you debited, and debit what you credited. They are done at the beginning of the next period, very first thing. And you only reverse accruals, but you have to know which ones are the accruals. And again, no one is going to know exactly what entries you might happen to have in some problem. So can't tell you more than that.

As for "next period entries," I don't know what you're referring to, unless you mean the reversing entries.

Another shorter way to say all this is that the question is extremely ambigous and open-ended and covers a big subject.

[sanam0408]

Hi I am sanam0408, I am new for this site, basically I am accouts back ground