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Adjusted trial balance construction An alphabetical list of open accounts for Geronimo, Inc. as of and for the month ended January 31, 2023, is given

Adjusted trial balance construction

An alphabetical list of open accounts for Geronimo, Inc. as of and for the month ended January 31, 2023, is given on the following page, with normal balances given for each account. You are to re-construct this list into an adjusted trial balance on the second page following. Cash is given as an example and is the first of the current assets.

required:

Accounts are to be shown on the adjusted trial balance in the following order:

Current assets

Long term investments (if any)

Property, plant and equipment

Intangible assets (if any)

Current liabilities

Long term debt

Equity accounts

Revenues

Expenses

Other revenues and gains

Other expenses and losses

Income taxes


An alphabetical list of open accounts for Geronimo, Inc. as of and for the month ended January 31, 2023, is given on the foll

NAME Accounts payable Accounts receivable Building Cash Accumulated depreciation - building Accumulated

Current Assets Cash Accounts receivable Geronimo, Inc, Adjusted Trial Balance January 31, 2023 Debit 16,398  
 

Adjusted trial balance construction An alphabetical list of open accounts for Geronimo, Inc. as of and for the month ended January 31, 2023, is given on the following page, with normal balances given for each account. You are to re-construct this list into an adjusted trial balance on the second page following. Cash is given as an example and is the first of the current assets. Accounts are to be shown on the adjusted trial balance in the following order: -Current assets Long term investments (if any) Property, plant and equipment Intangible assets (if any Current liabilities- Long term debt - L Equity accounts -Revenues -Expenses Other revenues and gains - -0 Other expenses and losses Income taxes

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To construct an adjusted trial balance we will list accounts in the order given along with their balances from the alphabetical list of open accounts ensuring that we place each balance in the appropr... blur-text-image

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