Questions on adjusted trial balance

Land and building. Sundry debtors. Plant and machinery. Outstanding wages is Rs 20, Insurance prepaid was Rs 4, Required: Adjustment entries and adjusted trial balance. Basic Problem: 4. The trial balance of MK Traders as on 31 st December :. Wages outstanding Rs 2 5, Bad debts Rs 3, Thank you for investing your time. Please comment on article. You can help me by sharing this article at your social media platform.

Menu Tools. Adjusted Trial Balance Problems and Solutions. Arjun EP Published on: June 30, Wages outstanding Rs 5, c. Insurance prepaid Rs 2, d. You might also like. Capital Sales Loan Creditors Sundry income. Wages account To Outstanding wages account Being: wages payable.

Closing stock account To Trading account Being: closing stock recorded. Adjusted Trial Balance Flashcards, test questions and answers Discover flashcards, test exam answers, and assignments to help you learn more about Adjusted Trial Balance and other subjects. View more. When is the adjusted trial balance prepared? The post-closing trial balance differs from the adjusted trial balance in that it…. A company used the percent of sales method to determine its bad debts expense.

Based on past experience, the company estimates 0. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? Explain and prepare an adjusted trial balance. An adjusted trial balance is a list of accounts and balances prepared after recording and posting adjusting entries. Gray, Capital 13, Gray, Drawing 7, More on Adjusting Entries 1.

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