CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

LESSON 14-2LESSON 14-2

Beginning an 8-Column Work Sheet for a Merchandising Business

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 14-2

RECORDING A TRIAL BALANCE ON A RECORDING A TRIAL BALANCE ON A WORK SHEETWORK SHEET page 410

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221. Account title

2. Account balance

3. Total, prove, and rule the debit and credit columns

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 14-2

ANALYZING AND RECORDING SUPPLIES ANALYZING AND RECORDING SUPPLIES ADJUSTMENTSADJUSTMENTS page 411

Adj. (a) 2,730.00

Supplies Expense—Office

Dec. 31 Bal. 3,480.00 Adj. (a) 2,730.00

(Adj Bal. 750.00)

Supplies—Office

Adj. (b) 2,910.00

Supplies Expense—Store

Dec. 31 Bal. 3,944.00 Adj. (b) 2,910.00

(Adj Bal. 1,034.00)

Supplies—Store

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 14-2

RECORDING SUPPLIES ADJUSTMENTS RECORDING SUPPLIES ADJUSTMENTS ON A WORK SHEETON A WORK SHEET page 412

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1. Write the debit amounts in the Adjustments Debit column.

2. Write the credit amounts in the Adjustments Credit column.

3. Label the two parts of the Supplies—Office adjustment with small letter a and small letter b in parentheses.

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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 14-2

ANALYZING AND RECORDING A ANALYZING AND RECORDING A PREPAID INSURANCE ADJUSTMENTPREPAID INSURANCE ADJUSTMENT

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page 413

1. Enter the amount of insurance used in the Adjustments Credit column.

2. Enter the same amount in the Adjustments Debit column.

3. Label the two parts of the adjustment with a small letter c in parentheses.