The following unadjusted and adjusted trial balances are from the current year's accounting system for Excelsior.

Present the six adjusting entries in general journal form that explain the changes in the account balances from the unadjusted to the adjusted trial balance.

Adjusting Entries

Adjustments entered into the ledger at the closing of an accounting cycle to refresh the account balances before generating financial reports.

Unadjusted Trial Balance

A list of all ledger accounts and their balances at a certain time before any adjustments are made for year-end closing.

Adjusted Trial Balance

The adjusted trial balance is a report of all company accounts that will appear on the financial statements after year-end adjustments are made, ensuring that the total debits equal total credits.