1. Beginning an 8-Column Work Sheet for a Merchandising Business
LESSON 14-2
4/9/2019
LESSON 14-2
Beginning an 8-Column Work Sheet for a Merchandising Business

2. RECORDING A TRIAL BALANCE ON A WORK SHEET
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1. Account title
2. Account balance
3. Total, prove, and rule the debit and credit columns 3
LESSON 14-2

3. ANALYZING AND RECORDING SUPPLIES ADJUSTMENTS
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Adj. (a) 2,730.00
Supplies Expense—Office
Dec. 31 Bal. 3, Adj. (a) 2,730.00
(Adj Bal )
Supplies—Office
Adj. (b) 2,910.00
Supplies Expense—Store
Dec. 31 Bal. 3, Adj. (b) 2,910.00
(Adj Bal. 1,034.00)
Supplies—Store
LESSON 14-2

4. RECORDING SUPPLIES ADJUSTMENTS ON A WORK SHEET
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1. Write the debit amounts in the Adjustments Debit column.
2. Write the credit amounts in the Adjustments Credit column.
3. Label the two parts of the Supplies—Office adjustment with small letter a and small letter b in parentheses.
LESSON 14-2

5. ANALYZING AND RECORDING A PREPAID INSURANCE ADJUSTMENT
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1. Enter the amount of insurance used in the Adjustments Credit column.
2. Enter the same amount in the Adjustments Debit column.
3. Label the two parts of the adjustment with a small letter c in parentheses.
LESSON 14-2