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Record these adjusting entries in the general journal

By admin / May 8, 2020

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In this part of the assignment, you have been given an “Unadjusted Trial Balance” along with
information regarding some outstanding balance day adjustments for a particular business. The
objective is for you to record these adjusting entries in the general journal and then post the entries
into the various ledger accounts. Once completed you will then need to use the “Adjusted Trial
Balance” that is automatically generated for you (note these are based on the closing balances in
your ledger accounts) to complete the Income Statement and the Statement of Financial Position (i.e.
Balance Sheet).

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