Lesson 14 2

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Lesson 14 2

  1. 1. LESSON 14-2 Beginning an 8-Column Work Sheet for a Merchandising Business CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  2. 2. 2 RECORDING A TRIAL BALANCE ON A WORK SHEET 1 1. Account title 2. Account balance 3. Total, prove, and rule the debit and credit columns page 410 2 3 CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-2
  3. 3. 3 ANALYZING AND RECORDING SUPPLIES page 411 ADJUSTMENTS Adj. (a) Dec. 31 Bal. (Adj Bal. Adj. (b) Dec. 31 Bal. (Adj Bal. Supplies Expense—Office 2,730.00 Supplies—Office 3,480.00 Adj. (a) 750.00) 2,730.00 Supplies Expense—Store 2,910.00 Supplies—Store 3,944.00 Adj. (b) 1,034.00) CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 2,910.00 LESSON 14-2
  4. 4. 4 RECORDING SUPPLIES ADJUSTMENTS ON A WORK SHEET page 412 3 2 3 1 1. Write the debit amounts in the Adjustments Debit column. 2. Write the credit amounts in the Adjustments Credit column. 3. Label the two parts of the Supplies—Office adjustment with small letter a and small letter b in parentheses. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-2
  5. 5. 5 ANALYZING AND RECORDING A PREPAID INSURANCE ADJUSTMENT page 413 3 1 3 2 1. Enter the amount of insurance used in the Adjustments Credit column. 2. Enter the same amount in the Adjustments Debit column. 3. Label the two parts of the adjustment with a small letter c in parentheses. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-2
  6. 6. 5 ANALYZING AND RECORDING A PREPAID INSURANCE ADJUSTMENT page 413 3 1 3 2 1. Enter the amount of insurance used in the Adjustments Credit column. 2. Enter the same amount in the Adjustments Debit column. 3. Label the two parts of the adjustment with a small letter c in parentheses. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-2

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