Adjustments.docx

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Department
Business Administration
Course
Business Administration 2257
Professor
Prof
Semester
Spring

Description
INTRODUCTION TO THE ACCOUNTING CYCLECHAPTER 4 ADJUSTMENTS AND FINANCIAL STATEMENTSHOW TO MAKE AN UNADJUSTED TRIAL BALANCEFind the closing balance of all your taccounts Set them up on a trial balanceThe balance of debits and credits at the end should be equalIf the total debits and total credits do not equal you have made a mistake This is great for catching them on a test oFind difference between the numbers divide by two and look for account that incorrectly appears in the wrong column oIf the number 9 divides evenly into the difference then you made a transposition errorHOW TO MAKE ADJUSTMENTSThere are two types prepayments cash before servicegood and accrued servicegood
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