ACCT 220 ACCT220 WEEK 2 HOMEWORK PROBLEMS ANSWERS - UMUC
ACCT 220 Principles of Accounting I Week 2 Homework Problems Answers
Review the unadjusted trial balance below and prepare adjusting journal entries to record the various described items
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below. Record in the space provided at the bottom of this spreadsheet. After completing journal entries, complete the
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adjusted trial balance below. Lastly complete the income statement, balance sheet and statement of retained earnings.
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The balance sheet must balance. The accounting equation is Assets = Liabilities + Equity.
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Baltimore Corporation
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Unadjusted Trial Balance
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January 31, 2016
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