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Trial Balance and Adjustments Overview

The document presents an unadjusted trial balance, auditor's adjustments, and an adjusted trial balance for various accounts. It details the changes in account values resulting from adjustments, including cash, accounts receivable, and inventory. The final adjusted trial balance totals show a comprehensive overview of the financial position after adjustments.

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Danica Mae Canosa
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8 views1 page

Trial Balance and Adjustments Overview

The document presents an unadjusted trial balance, auditor's adjustments, and an adjusted trial balance for various accounts. It details the changes in account values resulting from adjustments, including cash, accounts receivable, and inventory. The final adjusted trial balance totals show a comprehensive overview of the financial position after adjustments.

Uploaded by

Danica Mae Canosa
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Unadjusted Trial Balance Auditor's Adjustments Adjusted Trial Balance

Account Titles
Debit Credit Debit Credit Debit Credit
Cash 132,700.00 10,700.00 143,400.00
Accounts Receivable 442,500.00 - 39,100.00 403,400.00
Allowance for Doubtful Accounts 15,000.00 28,872.00 13,872.00
Interest Receivable - 6,000.00 6,000.00
Advances to Officers and Employees - 19,000.00 19,000.00
Inventory 367,200.00 17,600.00 384,800.00
Available-for-Sale Securities 596,000.00 - 496,000.00 100,000.00
Investment in Associate - 516,000.00 516,000.00
Equipment 705,000.00 - 100,000.00 605,000.00
Accumulated Depreciation 481,000.00 - 110,000.00 371,000.00
Accounts Payable 168,175.00 52,000.00 220,175.00
Accrued Expenses 28,600.00 32,000.00 60,600.00
Bank Overdraft - - -
Customers' Credit Balance - - -
Interest Payable - 48,000.00 48,000.00
Bonds Payable 416,000.00 416,000.00
Discount on Bonds Payable - -
Common Stock, P10 par 670,000.00 - 20,000.00 650,000.00
Stock Dividends Distributable - 64,500.00 64,500.00
Additional Paid-in Capital 80,000.00 80,000.00
Retained Earnings 90,975.00 90,975.00
Treasury Stocks - -
Net Sales 1,053,500.00 1,053,500.00
Cost of Sales 525,400.00 525,400.00
Other Income 42,450.00 42,450.00
Investment Income - -
Operating Expenses 276,900.00 276,900.00
Other Expenses - -
Finance Cost - -
3,045,700.00 3,045,700.00 468,172.00 - 438,600.00 2,979,900.00 3,111,072.00

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