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This is a sample of the Adjusting Entries Page showing only the first two transactions. Paid users see additional common adjusting entries in an easy to understand format. Once you understand them, you will have learned one of the most important segments of accounting.
XYZ CORPORATION
Trial Balance
12/31/xx
Click on the blue box below for adjustments
 
Unadjusted Trial Balance
 
Adjustments
 
Adjusted Trial Balance
 
Income
Statement
 
Balance Sheet
 
Account  
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
 
Cash
$2,500
 
1,200
1,300
   
1,300
 
Accounts Receivable
     10,000
Click for More Info1,500
11,500 
 
 
 
11,500 
 
Totals
$64,350
$64,350
$19,000
$19,000
$77,550
$77,550
$33,200
$33,200
$47,550
47,550
                     

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by: Timothy C. Stewart, CPA
A Professional Corporation
825 Gravenstein Hwy. North, Suite 2
Sebastopol, CA 95472
Copyright © 2001-2006 Timothy C. Stewart CPA,
A Professional Corporation. All rights reserved.
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