

Why prepare a worksheet?
8 Column worksheet split into
Trial balance
 Adjustments
 Income Statement
 Balance Sheet

Accounts
Acc.
No.
Trial Balance
DR
CR
Adjustments
DR
CR
Income Statement
DR
CR
Balance Sheet
DR
CR
1
1
2
2
3
3
4
4
5
5
6
6
7
7
8
8


After a physical count (March 31) of supplies, it
was discovered that there remained $325 worth
of supplies
Journal Entry?
Date
Particulars
PR
DR
CR

Late arriving invoices:

Date
Three invoices were received on April 3, #1454 from
the phone company for $140, #1455 & #1456 from
Frank’s Garage for $175 & $1400.
Particulars
PR
DR
CR

Depreciation


Date
Computer equipment, purchased for $4000 is
expected to last 5 years and have a salvage value of
$200
Please note, this worksheet is for the MONTH
Particulars
PR
DR
CR

Prepaid Account


Date
The company paid $4000 for 6 months of rent on Jan
1.
Record March’s portion of rent
Particulars
PR
DR
CR

You may be asked to prepare a 10 column
worksheet


2 extra columns to prepare an adjusted trial balance
Simply add or subtract your adjustments to existing
accounts

Page 234 & 235

Questions 8-9