Accounting Chapter 14.2 Work Together

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Chapter 14

I can understand how to begin an 8-Column Work Sheet for a Merchandising Business by completing adjustments.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

2

LESSON 14-2

RECORDING A TRIAL BALANCE ON A WORK SHEET page 410

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21. Account title2. Account balance

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

I will understand how to begin an 8-Column Work Sheet for a Merchandising Business by completing adjustments.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

3

LESSON 14-2

ANALYZING AND RECORDING SUPPLIES ADJUSTMENTS 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

Supplies on hand during the year

Supply amount after all were counted

difference

Supply amount after all were counted

Supplies on hand during the year difference

I will understand how to begin an 8-Column Work Sheet for a Merchandising Business by completing adjustments.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

4

LESSON 14-2

RECORDING SUPPLIES ADJUSTMENTS ON 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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I will understand how to begin an 8-Column Work Sheet for a Merchandising Business by completing adjustments.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

5

LESSON 14-2

ANALYZING AND RECORDING A PREPAID 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.

I will understand how to begin an 8-Column Work Sheet for a Merchandising Business by completing adjustments.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Chapter 14 – 2 Work Together

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LESSON 14-1 I will understand how to begin an 8-Column Work Sheet for a Merchandising Business by completing adjustments.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Chapter 14 – 2 Work Together

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LESSON 14-1 I will understand how to begin an 8-Column Work Sheet for a Merchandising Business by completing adjustments.

How to start:

Open the worksheet (on classroom – prefilled) Read the directions on the first tab; switch to the second tab for the worksheet Enter in the missing account amounts (I prefilled the account titles)

Total the Trial Balance (debit & credit columns)– since we are using a digital worksheet, you can easily find the totals with a formula

Begin adjustments – find the total of adjustment by using the equation (you must find the number it is NOT given), enter in the appropriate debit and credit column next to the appropriate account title **You MUST have a debit and a credit for each adjustment **When you finish this section you will have 3 debits and 3 credits

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Chapter 14 – 2 Work Together

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LESSON 14-1 I will understand how to begin an 8-Column Work Sheet for a Merchandising Business by completing adjustments.

How to start:

If you see [F] – you MUST have a total or number in this cell NO EXCEPTION! That is a hint!

You can use formulas in cells when possible. Ie. = sum(A:A15) - this will give you the total of all those cells if they have #s

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Here is some help! Enter your name

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LESSON 14-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Here is some help! Enter missing totals – there are 4

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LESSON 14-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Here is some help! Enter missing totals – there are 4

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LESSON 14-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Here is some help! Total the Debit & Credit column for Trial Balance

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LESSON 14-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Here is some help! Find the adjustments for the Supplies- Office

Do not forget to enter the little letter (a)

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LESSON 14-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Here is some help! Find the adjustments for the Supplies- Store

Do not forget to enter the little letter (b)

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LESSON 14-2

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Here is some help! Find the adjustments for the Prepaid Insurance

Do not forget to enter the little letter (c)

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LESSON 14-2