Question
Complete an updated trial balance for the end of each month ( use separate Excel tabs for each month). a. Only update the balances
Complete an updated trial balance for the end of each month ( use separate Excel tabs for each month).
a. Only update the balances for the entries you make. Thus leave all balances as is that are already filled in for each month (ie A/R and Capital).
b. If needed, use a T-Acct sheet to help keep balances up-to-date.
c. The Oct. trial balance should start with the balances from the “Opening Balances” tab
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To create separate Excel tabs for each month and update the trial balance you can follow these steps Step 1 Create Tabs for Each Month Open a new Exce...
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Step: 2
Step: 3
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
