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Accounting Worksheet

An accounting worksheet is large table of data which may be prepared by accountants as an optional intermediate
step in an accounting cycle. The main purpose of a worksheet is that it reduces the likelyhood of forgeting an
adjustment and it reveals arithmatic errors. A worksheet acts as a tool for an accountant and it is not usually intented
to be used by third parties. It is an informal document.

A typical worksheet consists of a column on the left showing main account titles and 10 more columns of debits and
credits showing trial balance, adjustments, adjusted trial balance, incomes statement and balancesheet.

Example

The following example shows a worksheet based on the data from various pages of this chapter. Scroll the worksheet
to the right to view all columns.

Account Title Unadjusted Trial Adjustments Adjusted Trial Income Statement Balance Sheet
Balance Balance

Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Cash $20,430 $20,430 $20,430

Accounts 5,900 5,900 5,900

Receivable

Office 22,800 $18,48 4,320 4,320

Supplies 0

Prepaid Rent 36,000 12,000 24,000 24,000

Equipment 80,000 80,000 80,000

Accumulated 1,100 $1,100 $1,100

Depreciation

Accounts $5,200 5,200 5,200

Payable

Notes 20,000 20,000 20,000

Payable

Utilities 3,964 3,964 3,964

Payable

Interest 150 150 150

Payable

Unearned 4,000 $3,000 1,000 1,000

Revenue

Common 100,000 100,000 100,000

Stock
 Service 82,600 3,000 85,600 $85,60
Revenue 0

Wages 38,200 38,200 $38,20

Expense 0

Supplies 18,480 18,480 18,480

Expense

Rent Expense 12,000 12,000 12,000

Depreciation 1,100 1,100 1,100

Expense

Miscellaneou 3,470 3,470 3,470

s Expense

Electricity 2,470 2,470 2,470

Expense

Telephone 1,494 1,494 1,494

Expense

Dividend 5,000 5,000 5,000

Interest 150 150 150

Expense

Totals $215,76 $215,76 $34,73 $34,73 $217,01 $217,01 $77,36 $85,60 $139,65 $131,41
4 4 0 0 4 4 4 0 0 4

Net Income 8,236 8,236

$85,60 $85,60 $139,65 $139,65

0 0 0 0

Written by Irfanullah Jan

Related Topics

 Financial Statements
 Balance Sheet
 Income Statement
 Financial Accounting
 Managerial Accounting
 Corporate Finance

Current Chapter
 Accounting Cycle
 Journal Entries
 Ledger Accounts
 Unadjusted Trial Balance
 Adjusting Entries
 Adjusted Trial Balance
 Closing Entries
 Income Summary Account
 Post-Closing Trial Balance
 Reversing Entries
 Compound Entries
 Accounting Worksheet
 Accruals & Prepayments

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