© south-western educational publishing 3 3.total, prove, and rule the debit and credit columns. 1....

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© South-Western © South-Western Educational Publishing Educational Publishing 3 3. Total, prove, and rule the debit and credit columns. 1. Write the titles of the general ledger accounts. 2. Write the balance of each account. 1 1 2 2 TRANSFERRING GENERAL TRANSFERRING GENERAL LEDGER ACCOUNT BALANCES LEDGER ACCOUNT BALANCES TO A WORK SHEET TO A WORK SHEET RECORDING A TRIAL BALANCE RECORDING A TRIAL BALANCE ON A WORK SHEET ON A WORK SHEET Lesson 15-1, page 366-36 Lesson 15-1, page 366-36

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Page 1: © South-Western Educational Publishing 3 3.Total, prove, and rule the debit and credit columns. 1. Write the titles of the general ledger accounts. 2.Write

© South-Western© South-WesternEducational PublishingEducational Publishing

33. Total, prove, and rule

the debit and credit columns.

1. Write the titles of the general ledger accounts.

2. Write the balance of each account.

1

1 2

2

TRANSFERRING GENERAL TRANSFERRING GENERAL LEDGER ACCOUNT BALANCES LEDGER ACCOUNT BALANCES TO A WORK SHEETTO A WORK SHEET

RECORDING A TRIAL RECORDING A TRIAL BALANCE ON A WORK SHEETBALANCE ON A WORK SHEET

Lesson 15-1, page 366-368Lesson 15-1, page 366-368

Page 2: © South-Western Educational Publishing 3 3.Total, prove, and rule the debit and credit columns. 1. Write the titles of the general ledger accounts. 2.Write

© South-Western© South-WesternEducational PublishingEducational Publishing

PLANNING ADJUSTMENTS ON A WORK SHEETPLANNING ADJUSTMENTS ON A WORK SHEET

Jan. 1 Bal. 270,480.00

Merchandise Inventory

Debit Credit

Merchandise Inventory

Lesson 15-1, page 368Lesson 15-1, page 368

Page 3: © South-Western Educational Publishing 3 3.Total, prove, and rule the debit and credit columns. 1. Write the titles of the general ledger accounts. 2.Write

© South-Western© South-WesternEducational PublishingEducational Publishing

BEFORE ADJUSTMENTSAFTER ADJUSTMENTS

Income Summary

Jan 1 Bal. 270,480.00Jan 1 Bal. 270,480.00(New Bal. 254,640.00)

ANALYZING A MERCHANDISE INVENTORY ANALYZING A MERCHANDISE INVENTORY ADJUSTMENTADJUSTMENT

Adj. (a) 15,840.00

Merchandise Inventory

Adj. (a) 15,840.00

Lesson 15-1, page 369Lesson 15-1, page 369

Page 4: © South-Western Educational Publishing 3 3.Total, prove, and rule the debit and credit columns. 1. Write the titles of the general ledger accounts. 2.Write

© South-Western© South-WesternEducational PublishingEducational Publishing

RECORDING A MERCHANDISE INVENTORY RECORDING A MERCHANDISE INVENTORY ADJUSTMENTADJUSTMENT

1

2

3. Label the two parts of this adjustment.

1. Write the debit amount.

2. Write the credit amount.

3

Lesson 15-1, page 370Lesson 15-1, page 370

Page 5: © South-Western Educational Publishing 3 3.Total, prove, and rule the debit and credit columns. 1. Write the titles of the general ledger accounts. 2.Write

© South-Western© South-WesternEducational PublishingEducational Publishing

ANALYZING AN ADJUSTMENT WHEN ENDING ANALYZING AN ADJUSTMENT WHEN ENDING MERCHANDISE INVENTORY IS GREATER THAN MERCHANDISE INVENTORY IS GREATER THAN BEGINNING MERCHANDISE INVENTORYBEGINNING MERCHANDISE INVENTORY

AFTER ADJUSTMENT

Income Summary

Jan 1 Bal. 294,700.00Adj. (a) 4,200.00

Merchandise Inventory

Adj. (a) 4,200.00

Lesson 15-1, page 370Lesson 15-1, page 370

(New Bal. 298,900.00)

Page 6: © South-Western Educational Publishing 3 3.Total, prove, and rule the debit and credit columns. 1. Write the titles of the general ledger accounts. 2.Write

© South-Western© South-WesternEducational PublishingEducational Publishing

TTERMS REVIEWERMS REVIEWinventory

merchandise inventory

Lesson 15-1, page 371Lesson 15-1, page 371

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