Examples of Adjusting Entries
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This formatted MS Excel spreadsheet (see attachment) contains example of adjusting entries.
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This formatted MS Excel spreadsheet contains example of adjusting entries.
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For your convenience, I have attached a formatted MS Excel spreadsheet (see attachment) containing the text below, as well as notes on the calculations behind the journal entries.
Adjusting Entries
The trial balance of Swift Company shows the following balances for selected accounts on
November 30, 2006:
Prepaid Insurance $5,000 Unearned Revenue $1,800
Equipment 40,000 Notes Payable 24,000
Accumulated Depreciation 8,800 Interest Payable 400
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