Accounting Worksheet (Definition) | Example of Accounting Spreadsheet - Free Printable

- The worksheet is correctly prepared, with all accounts properly classified into the Trial Balance, Adjusting Entries, Adjusted Trial Balance, Income Statement, and Balance Sheet columns.
- The adjusting entries for depreciation expense ($2,000) and prepaid rent ($1,500) are accurately recorded, affecting the respective asset and expense accounts.
- The net loss of $43,000 is correctly calculated as total expenses ($143,000) minus total revenue ($100,000) and is reported in the Balance Sheet column under Equity.
- All totals for each section (Trial Balance, Adjusting Entries, Adjusted Trial Balance, Income Statement, and Balance Sheet) are mathematically accurate and balanced.
- The final Balance Sheet column shows total assets of $204,500 (debit) matching total liabilities and equity of $204,500 (credit), confirming the accounting equation is satisfied.