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Posted: September 14th, 2021
You have taken over a set of accounting books for a small business as a part-time job. At
Question description
You have taken over a set of accounting books for a small business
as a part-time job. At the end of the first accounting period, you
have partially completed the work sheet by entering the proper ledger
accounts and balances in the Trial Balance columns. You turn to the
manager and ask, "Where is the list of additional information I
can use in entering the adjusting entries?" The manager
indicates there is no such list. In all the text problems you have
done, you have always been given this information. How would you
obtain the information for this real-life situation?
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