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Trial Balance to - Examples of Trial Balance Turning Into Financial Statements Unadjusted Trial Balance Account Description Cash Short Term

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Examples of Trial Balance Turning Into Financial Statements Other Unadjusted Trial Balance Format Adjusting Entries Adjusted Trial Balance Closing Entry Final Account Description Dr Cr OR Dr (Cr) Dr Cr Dr Cr Dr Cr Dr Cr Cash 250,000 250,000 2 500 250,500 250,500 Short Term Investments 60,000 60,000 60,000 60,000 Accounts Receivable 75,500 75,500 2 500 75,000 75,000 Inventory 95,000 95,000 95,000 95,000 Prepaid Assets 10,500 10,500 1 1,500 9,000 9,000 Land 100,000 100,000 100,000 100,000 Building 250,000 250,000 250,000 250,000 Accumulated Depreciation - Building 25,000 (25,000) 4 6,250 31,250 31,250 Equipment 50,000 50,000 50,000 50,000 Accumulated Depreciation 5,000 (5,000) 5 4,000 9,000 9,000 Other Assets 16,500 16,500 16,500 16,500 Accounts Payable 25,000 (25,000) 25,000 25,000 Accrued Liabilities 15,000 (15,000) 15,000 15,000 Unearned Revenue 5,000 (5,000) 3 1,000 4,000 4,000 Taxes Payable 15,000 (15,000) 15,000 15,000 Rent payable 25,000 (25,000) 25,000 25,000 Dividends payable 10,000 (10,000) 10,000 10,000 Other payables 10,000 (10,000) 10,000 10,000
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This note was uploaded on 02/01/2011 for the course ACCT 203 taught by Professor Hylton during the Summer '08 term at George Mason.

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Trial Balance to - Examples of Trial Balance Turning Into Financial Statements Unadjusted Trial Balance Account Description Cash Short Term

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