Question: CC 1 1 . 1 0 . 3 b Adjusted Trial Balance ( Quick Check ) The Adjusted Trial Balance is a trial balance that
CCb 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 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
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
