Cool Extended Trial Balance Adjustments Example
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Extended trial balance adjustments example. We will use the same method of posting ledger card or T-accounts we used for step 3 as we are just updating the balances. Because of the adjusting entry they will now have a balance of 720 in the adjusted trial balance. We tried to get some great references about Extended Trial Balance Spreadsheet And Income Statement And Balance Sheet Examples for you.
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The following transactions have been journalized and posted to the proper accounts. In this example the cost account shows 30000 of additions Cash in the year. This is a nice simple trial balance exercise with full solution.
Just like in the unadjusted trial. After incorporating the adjustments above the adjusted trial balance would look like this. Use our year-end adjustments template to record year-end adjusting journals against any trial balance and automatically calculate all the final trial balance amounts.
Try attempt this yourself before scrolling down to the solution below. Edit with Office GoogleDocs iWork etc. Final Accounting is done after the end of the accounting period.
This results in figures invented. We constantly attempt to reveal a picture with high resolution or with perfect images. The template can be based with any account numbering convention and can contain an unlimited number of accounts and an unlimited number of journal entries.