Question

Please help with accounting. Use the following information to complete the partial worksheet for Bill’s Company. Record the appropriate adjusting entries using the data below and extend the balances over to the adjusted trial balance columns. Merchandise inventory—ending $10 Store supplies on hand 3 Depreciation on store equipment 2 Accrued salaries 1

Answer 1

If I am reading this right, it looks like the 10, 3, 2, 1 are Adjustments and the Adjusted TB should equal the difference. Make sure you know how to add and subtract the debit and credit adjustments correctly.

TB +/- Adj = ATB