Question

Prepare an adjusted trial balance in Excel

The ledger of AISExperts Inc. contained the following balances after adjustment, but before closing, on December 31, 2023, the end of the current year. This means the below account balances are normal.

Answer 1

To prepare an adjusted trial balance in Excel, gather the account balances after adjustments but before closing from the ledger of AISExperts Inc. List the accounts in one column and the corresponding debit and credit balances in separate columns, calculate the total debits and credits to ensure they match.

Step-by-step explanation:

To prepare an adjusted trial balance in Excel, you will need to gather the account balances after adjustments but before closing from the ledger of AISExperts Inc. on December 31, 2023.

The adjusted trial balance is used to ensure that the debits and credits in the ledger are equal.

In Excel, you can list the accounts in one column and the corresponding debit and credit balances in separate columns. You can then calculate the total debits and credits to ensure they match.