Introduction to Preparing an Adjusted Trial Balance Financial Accounting

Balance Sheet

1. Interest Receivable did not exist in the trial balance information, so the balance in the adjustment column of $140 is transferred over to the adjusted trial balance column.
2. Unearned revenue had a credit balance of $4,000 in the trial balance column, and a debit adjustment of $600 in the adjustment column.
3. You may have also heard it referred to as a trial balance sheet as it should be one worksheet summarizing all of your activity for a certain period in time.
4. There isactually a very good reason we put dividends in the balance sheetcolumns.

What is an Adjusted Trial Balance and How Do You Prepare One?

Step 1: Run an unadjusted trial balance