F9 =Tab 4 Adjusting Entries !D14 B D E 1. Balances from tab 2 2. Prepare adjusting journal entries in G H M C N - 3. Net the balances from the trial balance 4. Income stemt accounts will 5. Balances will from from N 6 Once the closing entries have been posted in Tab 2 R S T U will come over automatically ab 4 and then post to the ledger in tab 2 in the oran and the adjustments to get adjusted tria fill automatically adjusted trial balance check your totals against the check figure lines and here in this worksheel. pull the ending balances from all acocunts to create balance - debits and credits must equal check your balances against the ck figure Check your balances' against the ck figul a post closing trail balance. Check your balances against the check figures. Parrots Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Post Closing Trial Balance DR CR Ref DR CR DR CR DR CR DR CR DR CR READ THIS Cash- 101 Accounts Receivable-120 This is the accounting worksheet Office Supplies - 130 Normally, the accountant completes the columns, 10 Food Supplies 150 as a verification in the accounting closing process 11 Prepaid Insurance 160 c 12 Equipment - Fishing Boats - 180 You do not need to do anything on this worksheet 13 Accumulated Depreciation 181 ld It is provided as a means to check your work. Accounts Payable- 200 15 wages Payable - 210 le Notice the blue check figures in line 38, 16 Capital-300 If your totals agree with the check figures then 17 Draw-310 you are in balance and can prepare the 18 Registration Fees-400 Page 1 Page 3 the financial statements, closing entries 19 Wage Expense -501 and the post closing trial balance. Rent Expense 520 21 Office Supply Expense 521 Food Supply Expense - 524 23 Phone Expense- 523 Utilities Expense 533 1. 24 25 Insurance Expense 532 26 Postage Expense 540 Depreciation Expense - 550 28 29 30 32 33 net income 34 Chack figures 340 950 35 500 343600 191400 240 725 234825 required Tab 1 Journal Entries Tab 2 Ledger Tab 3 Worksheet Tab 4 Adjusting Entries Tab 5 Fin Statements Tab 6 Closing entries ...+ Ready B U