Question: CC 1 1 . 1 0 . 3 b Adjusted Trial Balance ( Quick Check ) The Adjusted Trial Balance is a trial balance that

CC11.10.3b Adjusted Trial Balance (Quick Check)
The Adjusted Trial Balance is a trial balance that is prepared after adjusting entries have been made. The purpose of the Adjusted Trial Balance is to verify that our accounting system still balances after adjustments. In addition, it permits us to review the adjusted account balances to crosscheck that our adjusting entries had the desired effect on the account balances.
Required:
To view an Adjusted Trial Balance in QBO simply run the Trial Balance report again after adjusting entries have been entered in QBO.
From the Navigation Bar, select Reports
Select Standard report tab
Select Report Category: For My Accountant
Select Trial Balance and complete steps to run the Trial Balance again at 02/29/2024 after adjusting entries are entered
Export the Trial Balance (Adjusted) to Excel.
What is the amount of Total Debits?
What is amount of Total Credits?
What is balance in the Liability Insurance Expense account?
What is the balance in the Unearned Revenue (Liability) account?
What is the balance in the Office Supplies & Software (Expenses) account?
What is the balance in the Prepaid Expenses: Supplies (Asset) account?
What is the balance in the Prepaid Expenses: Insurance (Asset) account?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!