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Adjusted Trial Balance - Comprehensive Problem

This document provides templates and examples for accounting documents and financial statements, including a trial balance, journal entries, adjusting entries, an income statement, statement of retained earnings, statement of financial position, worksheet, and post-closing entries. It outlines the structure and key components of each financial statement and shows how the accounts flow through the accounting process.

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K61 HUỲNH THANH LỘC
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41 views16 pages

Adjusted Trial Balance - Comprehensive Problem

This document provides templates and examples for accounting documents and financial statements, including a trial balance, journal entries, adjusting entries, an income statement, statement of retained earnings, statement of financial position, worksheet, and post-closing entries. It outlines the structure and key components of each financial statement and shows how the accounts flow through the accounting process.

Uploaded by

K61 HUỲNH THANH LỘC
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
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For the m

Trial balance
Account Dr. Cr.

Totals - -

Totals

Totals
JOURNALIZING
Accounts and Explanation Dr. Cr.
POSTINGS
Cash

Prepaid Insurance

Accumulated Depreciation - Equipment

Notes Payable

Retained earnings

Service Revenue

Depreciation Expense
Salaries and Wages Expense

ADJUSTING

Accounts and Explanation Dr. Cr.


FINANCIAL STATEMENTS
COMPANY NAME
INCOME STATEMENT
For the year/month ended …

Revenues
Rent revenue
Expenses

Total expenses
Net income

COMPANY NAME
RETAINED EARNINGS STATEMENT
For the year/month ended …

Retained earnings at the beginning of the period


Add: Net income

Less: Dividends
Retained earnings at the end of the period
COMPANY NAME
STATEMENT OF FINANCIAL POSITION
At …

ASSETS

Total assets

LIABILITIES AND EQUITY


Liabilities

Total liabilities
Equity

Total equity
Total liabilities and equity

POST-CLOSING ENTRIES
LAZY RIVER CO.
WORKSHEET
For the month/period ended ………

Adjustment Adjusted trial balance Income statement


Dr. Cr. Dr. Cr. Dr.
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- - - - -
Accounts Receivable Supplies

Prepaid Rent Equipment

Account Payable Salaries and Wages Payable

Interest Payable Share Capital - Ordinary

Dividends Income Summary

Maintenance and Repairs Expense Supplies Expense

Depreciation Expense Insurance Expense


Rent Expense Interest Expense
Income statement Statement of financial position Post-closing entries Post-closing trial balance
Cr. Dr. Cr.

-
-
- -
Supplies

Equipment

ries and Wages Payable

are Capital - Ordinary

Income Summary

Supplies Expense

Insurance Expense
Interest Expense
st-closing trial balance

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