Comments on: Adjusted Trial Balance

By: rouch

rouch — Tue, 20 Dec 2011 13:03:14 +0000

please l need help how to prepare and adjusted trial balance dec 31 2009

sales revenue 125,000
salaries expense 6,000
insurance expense 20,000
dividends 290,900
cost of goods sold 12,000
utilities expense 20,350
income tax expense =$793,330 $793,330

By: Iman8012

Iman8012 — Wed, 02 Nov 2011 03:08:18 +0000

Good info.

By: Rashid

Rashid — Wed, 12 Oct 2011 10:49:11 +0000

Thank you for the valuable article. Good explanation of trial balance.

By: Kenneth Meunier

Kenneth Meunier — Thu, 18 Aug 2011 17:57:44 +0000

Hi Toloco -

Thank you for the feedback. It is great to know the webiste has helped – even if at the last minute! I have inlcuded a donate button at the top of the page if you would like to donate. Donations help with hosting fees, maintenance fees, in addition to providing new content.

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By: TOLOCO

TOLOCO — Wed, 17 Aug 2011 18:20:47 +0000

What! I have a test in two hours and u just saved my life. $10 for donation

By: Fazan Munir

Fazan Munir — Mon, 04 Jul 2011 03:06:34 +0000

hey Nicole!
in adjusting trial balance you’ll include those accounts which are going to record as they incur in single year before closing date of that year. e.g. you have recorded expenses and incomes in month of june and you adjust your accounts after each month then all those items you have journalized and posted to ledgers, will be considered for adjustment.
whereas in Post closing trial balance all those items which are incur in whole year will be considered at the end of that accounting period… i hope you get it..

By: Kenneth Meunier

Kenneth Meunier — Sat, 25 Jun 2011 21:48:44 +0000

Hi - Please review these two links for adjusting entries: Adjusting entries in the accounting cycle Adjusting entries illustrated

By: pio

pio — Thu, 23 Jun 2011 01:48:33 +0000

hi!could you show me the adjustments needed to correct the trial balance?

By: Dinh

Dinh — Wed, 15 Jun 2011 03:34:54 +0000

Could you show me how to record Investment. Prepayment and provision for depreciation in Trial Balance. Thanks

By: Kenneth F. Meunier

Kenneth F. Meunier — Sun, 03 Apr 2011 21:05:14 +0000

Hi Nicole - All of the account balances in the general ledger are carried over into the adjusted trial balance sheet, including all of the general ledger accounts active or created after the adjusting entry process. Since all of the income statement accounts are closed in the closing entry process and net income (or loss) is rolled into retained earnings, only balance sheet accounts are shown on the final trial balance.