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Best UK, USA, AUSTRAILIA, CANADDA, UAE Adjusted trial balance assignment help online services

Accounting has been a really confusing sector, especially for the students in this field. The terms and formulas of accounting are no less than the complications of calculus. Various approaches towards the problems and various methodologies to keep track of the account make it inevitably recordable. Although normal lecture sessions won’t help that much as regular practice is required for the students to achieve a remarkable score. These can be achieved by extra activities such as assignments or projects. We here deliver adjusted trial balance assignment help to the accounts students from our professional writers. The touch of our professionalism will certainly beautify the assignments and hence makes it more readable.

Adjusted trial balance

When all the entries are adjusted in the journal, a list of balance of ledger accounts is created, consisting balances of revenues and expenses, it is called as adjusted trial balance. This balance is made along with their assets, liabilities and equity.   While preparing the statements of changes in stock holder’s income statements, adjusted trial balance can be sued directly in the balance sheets. However preparation of cash flow statement information is restricted in this. In our Adjusted trial balance assignment help we solve the balance sheet and provide a detailed view on every expense and revenue.

 

Format for an adjusted trial balance

The format of an adjusted trial balance is no different than unadjusted trial balance. The top most heading will consist of three rows representing the name of the company, name of the trial balance and date of reporting period. Account names, debits and credits are the three simultaneous columns with the debit column being the left and the credit on right.

Assets, liabilities and equity accounts are adjusted in order in the balance sheet along with income and expense accounts. Both the debit and credit columns are calculated at the bottom of trial balance and are tried to keep equal. The unequal total shows a false trial balance or the in accurate transfer of journal entries to the ledger accounts.

Example

Suppose a company by the name of XYZ is considered and the adjusted entries are posted to its ledger. So the calculation of new account balances compiled by our Adjusted trial balance assignment help team experts is done in the following way.

 

Company XYZ

Adjusted Trial Balance

July 31, 2017

 

Debit

Credit

Cash

$30,530

Accounts Receivable

4,600

Office Supplies

2,420

Prepaid Rent

19,000

Equipment

75,000

Accumulated Depreciation

$2,100

Accounts Payable

5,900

Utilities Payable

2,854

Unearned Revenue

900

Interest Payable

250

Notes Payable

19,000

Common Stock

90,000

Service Revenue

83,650

Wages Expense

39,250

9,939

Supplies Expense

19,470

Rent Expense

10,500

Miscellaneous Expense

2,890

Electricity Expense

1,575

Telephone Expense

1,568

Depreciation Expense

1,500

Interest Expense

250

Dividend

6,000

Total

$214,593

$214,593

 

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