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    abrown13's Avatar
    abrown13 Posts: 3, Reputation: 1
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    #1

    Oct 7, 2015, 11:55 AM
    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?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Oct 7, 2015, 01:05 PM
    Well you find the differences between the accounts and it should all fall into place
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Oct 20, 2015, 01:32 PM
    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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