what gets inputted in the unadjusted trial balance??

Question

I am supposed to use the general ledger information but do I use the ending balance or the beginning numbers and then input the difference in the adjustment column?

Answer 1

First make sure you've done all your posting into the GL from your cash book and journals. Then extract your unadjusted TB from the ending balances of every account in your GL. Make sure your TB balances before you start adjusting it. The site below may be of help to you.

Answer 2

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RE:
what gets inputted in the unadjusted trial balance??
I am supposed to use the general ledger information but do I use the ending balance or the beginning numbers and then input the difference in the adjustment column?

Answer 3

To do an unadjusted trial balance, you list all the balances from the ledger starting with assets which are #1 accounts, the liabilities which are #2, capital #3, revenue #4, and Expenses #5.

example:
cash 101
accounts payable 201
the beginning # 1 an #2 respectively designate the type of account.

If you're completing a work sheet, the next set of columns is for adjustments. the next set of columns is for the adjusted trial balance. then income statement and finally balance sheet.

adjustments bring your accounts up to date. correcting supplies, depreciation expense etc.

If the problem you're working on has adjustments, they should be stated.

good luck

Answer 4

First off, your unadjusted balance should be 266710. You need to think how to journalize each transaction and the worksheet basically fills itself out a. If only 3200 in supplies is left, that means you used 5700 during year Supplies expense 5700 ----------------------supplies 5700 (sorry, dont know how to indent on here) b. Insurance exp 3900 --------prepaid insurance 3900 c. Depreciation expense 8500 --------accumulated depreciation 8500 d. For this one you have to make a utilities payable row in your sheet Utilities expense 550 --------utilities payable 550 e. Wages expense 1600 -------------wages payable 1600 f. Rent expense 200 ----------rent payable 200 g. Property tax expense 900 ----------propert tax payable 900 h. Interest expense 240 --------interest payable 240 After adding all of the debits and credits your total adjustments should be 21590 Input all the data into the worksheet, then do your adjusted balance (it should come as as 278700) for the balance sheet, just use the balances in the accounts that appear on the balance sheet for the income statement you will use the revs, exps