How to Prepare an Adjusted Trial Balance Statement

Description
This video tutorial covers transactions that have affected accounts in a company. It looks at adjusting entries that impact individual T accounts and then updates the trial balance to be an ADJUSTED TRIAL BALANCE. An adjusted trial balance is a trial balance that is adjusted for the adjusting entries that have been prepared.

It is important to ensure that all credits and debits are equal. Always refer back to T accounts if something is wrong or does not add up. T accounts will save you on tests!

Video length: 9:59