Adjusted Trial Balance
Тәжірибелік нұсқаулар және стиль
Learn how to prepare the adjusted trial balance from the unadjusted trial balance.
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Пікірлер: 142
You made everything so clear, I went through two weeks of classes learning this and walked out blank. Thank you Brandy
I knew it was simple, but just needed to see it visually. THANK YOUU!!
I've tried to figure out what the hell my teacher said and did during the class and I just could not understand a damn thing. But you know what? 4 minutes of your video saved my life. Thank you. I'd love to see some more explanation about the definitions of each type of accounts and how to use them. I'm having problem with putting them into the correct credit or debit column. Thank you and keep up the good work.
@preetitiwari7412
5 жыл бұрын
You are from?
Found myself having trouble on how to visually organize everything to be able to transition to unadjusted, adjusted and then financial statements but you made it so easy! Thank you Brandy 🙌🏼
@shellynorton2178
2 жыл бұрын
Had this same issue
This was simple and straight to the point 👍👍 I can't thank you enough!!!
This cleared up any confusion I had regarding adjusting trial balance! Grateful for your instruction!
My professor made this topic so hard. I felt like my head was spinning in class. I know this is an old post but thank you!! definitely more prepared for my test today!!
@BrandyDudas
4 жыл бұрын
I'm so glad it helped! It doesn't HAVE to look like this - it is just a trial balance after you make the adjustments (so you could just put the adjustments into the T-accounts, calculate the balance in your T-accounts, and then prepare a trial balance). Good luck on your test Jailyn!
Thank you for the Crystal Clear explanation. That was awesome!
First youtube comment in my life :) you deserve it
You have no idea how much this helped me right now. Most tutorials have people talk in with a bland dead boring tone.
@BrandyDudas
4 жыл бұрын
I’m so happy it helped! I hope you kick butt on your exams!
Video made my night ..THANK YOU SO MUCH
ur so amazing. this can literally save you years of hustle... tnx
thank you very, you release my tension, i was too much disturbed because of this problem. thank you again
I love you so much! This helped me out a ton
Simple and straight forward. Thank you so much
Thank you for this video! It was really helpful.
This is beautiful! Thank you so much Brandy
@BrandyDudas
4 жыл бұрын
I've never had a trial balance be described as beautiful - love it!
Mannnn THANK YOUUU😭 you explained it very well, now im done with my assignment♡
This help me understand the unadjusted trial balance easier TwT thank you for this, ma'am! :3
Great video, simply explained. Thank you
You made it super simpler. Thank you!!!!
Thank you so much for giving me a graphic idea...I knew but I needed to see it!
Lettering those was an awesome idea I did not understand what I was doing this video was extremely helpful thank you
Thank you. It was really helping.
HUGE HELP!!! Thank you
thank you ma'am you have my respect!
You make it too easy for me to understand thankyou for this amazing video
Thank you this was very helpful and informative 👍👍
Thank you so much. It really help me. ❤️❤️
Thank you it makes a lot of sense
THANK U SO MUCH. THE BOOK I WAS READING WAS VERY CONFUSING.
Thank you so much ,that was helpful!!
Thanks a lot for your easy explanation🌹
Oh I so appreciate your work or your help...thank u
@BrandyDudas
2 жыл бұрын
Thanks for the sweet comment!
Clapping!!! So well explained...you saved me😩
Very helpful. Thank you so much!!!
Thank you for uploading this, you summarized my professor's 3 hours class in 2 mins, his accent and writing is way harder to visualizes and to listen to compare to yours
Thankyou so much for this video
Thank you very much so helpful.
Thanks for this :)!
Finally I figure out. Thanks Brandy
@BrandyDudas
2 жыл бұрын
You are so welcome Kutay! Are you taking accounting this semester?
Ur reply will help me more, because iam commerce student and have a clash in this entries
well explained 💗
You're really helpful Thank you so much!
@BrandyDudas
2 жыл бұрын
😊
So easy thanks❤
Thank you for making this now I can sleep knowing I’ll pass my test
Thank you so much for this!
@BrandyDudas
2 жыл бұрын
You are so welcome!
This content help me on my exam lol
Thank you so much😇😇😇
really helpful.
Thanks from turkey you saved my future :D
@BrandyDudas
4 жыл бұрын
Wow! I love that this is international 😀 I hope you are doing great in accounting
Thank you.
v nice i clear my all concepts easily thnkx
Very good
Thanks for real 💚
god bless you tomorrow is my quiz
@BrandyDudas
2 жыл бұрын
good luck on your quiz!
thank you so much omg
thank you
Awesome it was......
amazing
Thank you i really have a problem on this
you are amazing. 👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
thank you mam you are my angle and your voice is fantastic ❤️
Hey there, so in my textbook, for the cash account, the unadjusted trial balance is 131,000, the adjustments column is 0, and the adjusted trial balance is 31,000. It perfectly balances at the end, but I'm just not clear on why that is. Your help would be greatly appreciated! :)
Thank you
hi ma'am! my adjusted trial balance is equal to the unadjusted trial balance plus the adjustments, is that wrong?
thanks
If there is prepaid in unadjusted trial balance, and adjustment shows prepaid again, then we found expired of prepaid is it? If there is no prepaid in unadjusted trial balance and there is expense ACC in unadjusted trial balance, and in adjustment shows prepaid, then how will record in adjusted trial balance
awesome
Well mam thanks for your efforts
@BrandyDudas
3 жыл бұрын
So nice of you
Is this possible that in unadjusted trial balance there is expense ACC, and adjustment shows prepaid expense. Then what effect will in adjusted trial balance
I've been officially helped.
Thank u
This helped a lot but how about when the adjusted trial balance is given and you must solve to find out the unadjusted trial balance? like backwards? pls
From where you got entries for adjustment.
love you
You saved me
If its a debit+ credit where do i pit it in the adjusted balance??
Does anyone know any links where I can print this template out?
U are amazing
@BrandyDudas
2 жыл бұрын
😊
Financial statements are made from adjusted or unadjusted trail balance and why? Please explain
Do we have to ledger the adjustments transactions before posting it in the adjustments?
@BrandyDudas
2 жыл бұрын
You will have to journal the adjustments to get them into your accounting records. For the purpose of your accounting class, read the “required” part of your question so you know exactly what your instructor is asking you to do ;)
Why woundn't the entry you listed for C be a credit on cash? Would that be incorrect?
@BrandyDudas
7 жыл бұрын
Hi David, I apologize for the super delayed response - I hope you figured out the answer, but for anyone else wondering: If you are completing an adjusting entry for salaries it would be because you haven't paid the employees. If you had already paid the employees before year end/month end there would have been a normal journal entry so the cash would have already been credited and the expense account would have been debited (it would have been represented already in the unadjusted trial balance). In this case, if you are doing an adjusting entry you will be paying the salaries in the following year. For example if your employees get paid every Friday but the year-end falls on a Wednesday, you would owe your employees for the work they completed up until Wednesday (and that would be your journal entry: Dr salaries expense/Cr. salaries payable) and then on Friday they would get paid. Two tips for adjusting entries: 1) they never involve cash, and 2) they are done at the end of the month or end of the year, whenever you are preparing your financial statements.
I just wanna know where did u get the cash amount...it says 12,000 how did u get it?
but how about if there are 2 account recievables?
How do I know whether to put them into the credit or debit side??
@BrandyDudas
2 жыл бұрын
Great question! That comes from the adjusting journal entry. If your adjusting journal entry says “debit Accounts Receivable” then put it on the debit side for accounts receivable.
its sad you did not show us the income statement and soe in the same format but over all good explanation :}
thaaannkk yoouu
Is the numbers from unadjusted trial balance from the T- Accounts or the General entries?
@BrandyDudas
6 жыл бұрын
Take the BALANCE from the T-accounts and put them into the unadjusted trial balance. (The flow of the transactions goes journal entry ➡️ t-accounts ➡️ unadjusted trial balance ➡️ adjusting entries ➡️ adjusted trial balance ➡️ financial statements ➡️ closing entries)
Hello if I subtracted debit and credit where should my answer be? Is it on debit or credit???
@BrandyDudas
2 жыл бұрын
Put it on whichever side had the biggest number to begin with
When to use Accumulated? i hope i can see the transactions in A,B,C.
God bless u
@BrandyDudas
Жыл бұрын
💖💖
thanks for this very easy to understand, however you do not use amortization expense for depreciating fixed assets... the correct terms are Depreciation expense and Accumulated Depreciation. :)
@BrandyDudas
3 жыл бұрын
Hi Erika, we may be in different parts of the world - in Canada (where I am, and where my students are) we have 2 main sets of standards: IFRS, and ASPE - under ASPE we still call it amortization. So even though it is different terminology, it is still correct under our accounting standards :) this video follows ASPE for my first year students.
@BrandyDudas
3 жыл бұрын
And just in case anyone wants to nerd out over this, it is CPA Handbook Part II (Accounting Standards for Private Enterprises) section 3061.16
@erikajayn3146
3 жыл бұрын
@@BrandyDudas I see thanks for this info. Will add this response when passing your vid to my mentees to avoid confusion. 😊
If it's credit - debit then where do I put the answer on the adjusted trial balance? 😊
@iamdaypo
5 жыл бұрын
Chara Belle whichever you were subtracting from
Yo I never understood this till now. I’m dead gonna watch all ya videos cause you’re clearly a better Prof then mine smh why couldn’t she explain it like this.. lil hardheaded ass
trail balance m a/c likhna necessary h
Hi can you help me we have an exam about adjust trial balance but i cant understand well
@dahraandagan9754
6 жыл бұрын
yes
@jesterpaoloholgado403
6 жыл бұрын
dahraan 004 can i message you on twitter or ig?
i didn't understand could you explain as clear
please i need help asap Exercise 4-17 Completing a worksheet The following data are taken from the unadjusted trial balance of the Madison Company at December 31, 2011. Each account carries a normal balance and the accounts are shown here in alphabetical order. Accounts Payable . . . . . . . . . . . . . . . . . $ 2 Prepaid Insurance . . $ 6 T. Madison, Withdrawals . . . $2 Accounts Receivable . . . . . . . . . . . . . . 4 Revenue . . . . . . . . . . 25 Unearned Revenue . . . . . . . 4 Accumulated Depreciation-Equip. . . 5 Salaries Expense . . . . 6 Utilities Expense . . . . . . . . . 4 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Supplies . . . . . . . . . . 8 Equipment . . . . . . . . . . . . . . . . . . . . . . 13 T. Madison, Capital . . 14 1. Use the data above to prepare a worksheet. Enter the accounts in proper order and enter their balances in the correct debit or credit column. 2. Use the following adjustment information to complete the worksheet. a) Depreciation on equipment, $1 b) Accrued salaries, $2 c) The $4 of unearned revenue has been earned d) Supplies available at December 31, 2011, $5 e) Expired insurance, $5
Now do it on excel.
@BrandyDudas
4 жыл бұрын
Would excel tutorials be helpful for you guys?