Prepare an Adjusted Trial Balance Statement (Financial Accounting Tutorial #24)

In this tutorial we go over transactions that have affected accounts in our company. We look at the adjusting entries that have impacted our individual T accounts and then update our trial balance to be an ADJUSTED TRIAL BALANCE. All an adjusted trial balance is, is a trial balance that is adjusted for the adjusting entries that we've prepared.

Make sure that the debits and credits again are equal! Always refer back to T accounts if something is wrong or something doesn't add up. T accounts will save you over and over on tests :)

⌚ Timestamps
0:00 - Introduction
0:40 - Step 5 in the Accounting Cycle: Adjusted Trial Balance
1:10 - Trial Balance
2:10 - Adjusting Entries (to adjust our Trial Balance)
3:20 - Posted T-Accounts (including the adjusting entries)
7:00 - Adjusted Trial Balance

We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!

[misfit]

I have been on YouTube for 10 years and this is only the second item to which I have subscribed. The first was Breaking Bad. Very enjoyable way to spend some time.

[kaylabrown]

you seriously just helped with my accounting homework, definitely subscribing!!!!

[bethmaree]

I'm just brushing up on my accounting principles. This was clear and painless.

[Siiiiidm]

thank you for the video! literally helped explain the whole process so much easier than my textbook did!

[drewwellendorf]

hell of a video. great work, made so much sense.

[pashpole]

this has HELPED me a lot, thank you!!!

[Emily-qfyk]

This has been so helpful, thank you!!

[Amber-xzpe]

how/where did we get the 600 000 equipment? video very helpful by the way❤

[BubbleJourney]

I can't find the prepare trial balance video

[roenjhongelera]

oh this is really helpful to me.. thank you so much!

[kkjin]

Great info, but sound is weird. Perhaps problems with mic?

[SunnySharma-ipxn]

Is a financial statement the same as a balance sheet?

[paulared]

I'm really new at this. I have a few questions. Where can I send my questions. I'm stuck at where did u get the 6, 500 from.

[mayajob]

I am currently furthering my accounting skills and this was a major help. Thank you so much, God bless you

[LeslieTzy]

the audio is painful to listen, kinda weird and I'm not talking about the person speaking. something's wrong with the microphone yes?

[allaten]

the video that keeps popping up is so annoying :(