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| LO3 – Prepare an adjusted trial balance and explain its use. |
In the last section, adjusting entries were recorded and posted. As a result, some account balances reported on the January 31, 2015 unadjusted trial balance in Figure 3.4 have changed. Recall that an unadjusted trial balance reports account balances before adjusting entries have been recorded and posted. An adjusted trial balance reports account balances after adjusting entries have been recorded and posted. Figure 3.5 shows the unadjusted trial balance, adjustments a through i discussed above, and the adjusted trial balance for BDCC at January 31, 2015. Changes are shown in blue.
Figure 3.5 BDCC’s January 31, 2015 Adjusted Trial Balance
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