What is an adjusted trial balance? Why is it used?
Question:
What is an adjusted trial balance? Why is it used?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
An adjusted trial balance is a temporary financial statement prepared after the accounting cycles adjustments have been made It serves as a bridge bet...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
Question Posted:
Students also viewed these Business questions
-
The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.: Balance sheet Income statement Statement of retained earnings Post-closing trial...
-
As sally is driving her car, she notices that after 1 hour her gas tank has 7.25 gallons left and after 4 hours driving it has 3.5 gallons of gas left in it 4. what is the average rate of change?
-
After your last final this quarter you meet a student with whom you graduated high school. You get to talking and find she is graduating this quarter in digital design. When she finds out you have...
-
Explain why each of the following statements about profit-maximizing competitive firms is incorrect. Restate each one correctly. a. A competitive firm will produce output up to the point where price...
-
Presented below is a schedule of property dispositions for Hollerith Co. The following additional information is available. Land: On February 15, a condemnation award was received as consideration...
-
An electric car is subjected to acceleration tests along a straight and level test track. The resulting v-t data are closely modeled over the first 10 seconds by the function v = 24 t t 2 + 5t,...
-
Given the feed streams and the parameters of the process units as shown in Figure 7.38, complete the simulation flowsheet for ASPEN PLUS and show the calculation sequence (i.e., complete the...
-
Snells is a retail department store. The following cost-volume relationships were used in developing a flexible budget for the company for the current year: Management expected to attain a sales...
-
A dog training business began on December 1. The following transactions occurred during its first month. December 1 Receives $22,000 cash as an owner investment in exchange for common stock. December...
-
What are closing entries? Describe how (a) revenue accounts, (b) expense accounts and (c) the withdrawals account are closed.
-
What are adjusting entries? Why are they necessary?
-
On January 1, 2010, the Billips Corporation purchased equipment having a fair value of $72,054.94 by issuing a $90,000 note, payable in three $30,000 annual installments beginning December 31, 2010....
-
How do operating systems manage system resources like CPU, memory, and I/O devices? What mechanisms are in place to prevent resource contention and deadlock ?
-
Ivanhoe Corporation incurred the following transactions. 1. Purchased raw materials on account $50,060. 2. Raw Materials of $38,880 were requisitioned to the factory. An analysis of the materials...
-
On March 1 of the current year, Spicer Corporation compiled Information to prepare a cash budget for March, April, and May. All of the company's sales are made on account. The following Information...
-
Overview Music can be such a great way to reflect upon your life and think about your identity journey. Think about what music you were listening to in middle school and how that aligned with your...
-
1) Before getting into BOP analysis, you need to provide a brief economical description of the assigned country. In your description, you may discuss points such as the components of GDP, growth...
-
Record the following transactions in a general journal: May 4 Merchandise listed at $2,900, less a trade discount of 10%, is purchased on account, credit terms of 1/10, n/30, shipping terms FOB...
-
Which of the ocean zones shown would be home to each of the following organisms: lobster, coral, mussel, porpoise, and dragonfish? For those organisms you identify as living in the pelagic...
-
These are pairs of ratios related to the income statement, the cash flow statement and the balance sheet. Required: For each of the above pairs of ratios, explain the similarities and the...
-
Your friend Basil Nutt has come to you for advice. He says, 'I don't understand it. My business, Nutts and More, had a net income of \(\$ 4300\) in \(20 \mathrm{X} 2\) so I expected the balance in...
-
The owner of Fine Cuisine (a business that publishes 'kitchen-tested' recipes) has come to your bank for a loan. He states, 'In each of the last two years our cash has gone down. This year we need to...
-
You have a diffraction grating apparatus with a variety of line densities and a 4 2 5 nm purple laser. You would like to produce a bright fringe at an angle of 3 3 from the right bisector. What are...
-
An object's distance vs. time function is given by 3 f(t) m 1 + t a) Using Desmos, plot the average velocity of the object over an interval of time of length h beginning at time t = : 2. b) Write...
-
6. Calculate the intensity of magnetic field at point P, if square's side is 20 cm, I= 15 A and x=5 cm. Show the solution! [3] Letter of correct answers insert into a table below: z. X P
Study smarter with the SolutionInn App