An Adjusted Trial Balance is a list
of the balances of ledger accounts which is created after the preparation of adjusting entries. Adjusted trial balance contains balances of revenues and
expenses along with those of assets, liabilities and equities. Adjusted trial
balance can be used directly in the preparation of the statement of changes in
stockholders' equity, income statement and the balance sheet. However it does
not provide enough information for the preparation of the statement of cash
flows. The format of an adjusted trial balance is same as that of unadjusted trial balance.
The following adjusted trial balance
was prepared after posting the adjusting entries of Company A to its general ledger and calculating new
account balances:
January
31, 2010
|
||
Office Supplies
|
4,320
|
|
Prepaid Rent
|
24,000
|
|
Equipment
|
80,000
|
|
Accumulated Depreciation
|
1,100
|
|
Accounts Payable
|
5,200
|
|
Utilities Payable
|
3,964
|
|
Unearned Revenue
|
1,000
|
|
Interest Payable
|
150
|
|
Notes Payable
|
20,000
|
|
Common Stock
|
100,000
|
|
Service Revenue
|
85,600
|
|
Wages Expense
|
38,200
|
|
Supplies Expense
|
18,480
|
|
Rent Expense
|
12,000
|
|
Miscellaneous Expense
|
3,470
|
|
Electricity Expense
|
2,470
|
|
Telephone Expense
|
1,494
|
|
Depreciation Expense
|
1,100
|
|
Interest Expense
|
150
|
|
