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  • Journal Entries Accrual Reversal Example

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    jyoti.narang1050
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    This document shows accounting transactions over multiple periods for cash, accounts receivable, accounts payable, equity, revenue, and expenses. It displays opening and closing balances by week for each account. The totals balance to $0 each period, indicating the accounting records are in balance. The document type is identified as either a worksheet (WM) or monthly worksheet (MW) at the end of each period.

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    This document shows accounting transactions over multiple periods for cash, accounts receivable, accounts payable, equity, revenue, and expenses. It displays opening and closing balances by week for each account. The totals balance to $0 each period, indicating the accounting records are in balance. The document type is identified as either a worksheet (WM) or monthly worksheet (MW) at the end of each period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views3 pages

    Journal Entries Accrual Reversal Example

    Uploaded by

    jyoti.narang1050
    This document shows accounting transactions over multiple periods for cash, accounts receivable, accounts payable, equity, revenue, and expenses. It displays opening and closing balances by week for each account. The totals balance to $0 each period, indicating the accounting records are in balance. The document type is identified as either a worksheet (WM) or monthly worksheet (MW) at the end of each period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Period 2'2021 (YTD)

    C+6 WD-1 WD 1

    a b c d e
    Cash 80.00 (80.00) 82.00 (82.00) 85.00
    A/R 20.00 (20.00) 22.00 (22.00) 25.00
    A/P (5.00) 5.00 (5.00) 5.00 (5.00)
    Equity (70.00) 70.00 (70.00) 70.00 (70.00)
    Revenue (35.00) 35.00 (39.00) 39.00 (50.00)
    Expense 10.00 (10.00) 10.00 (10.00) 15.00

    Total 0.00 0.00 0.00 0.00 0.00

    Document Type WM MW WM MW WM

    P12'2020 Period 12'2021 (YTD)

    WD 2 CY Activities C+6 WD-1 WD 1


    a b c = a+b d e f g
    Cash 65.00 75.00 140.00 (140.00) 145.00 (145.00) 150.00
    A/R 10.00 10.00 20.00 (20.00) 25.00 (25.00) 30.00
    A/P (5.00) (5.00) 5.00 (5.00) 5.00 (5.00)
    Equity (70.00) (70.00) 70.00 (70.00) 70.00 (70.00)
    Revenue (95.00) (95.00) 95.00 (110.00) 110.00 (125.00)
    Expense 10.00 10.00 (10.00) 15.00 (15.00) 20.00

    Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00

    Document Type WM MW WM MW WM
    2021 (YTD) Period 3'2021 (YTD)

    WD 2 (Last Entry for


    WD 1 the period) C+6 WD-1

    f g h i j k
    (85.00) 87.00 (87.00) 92.00 (92.00) 98.00
    (25.00) 28.00 (28.00) 33.00 (33.00) 35.00
    5.00 (5.00) 5.00 (5.00) 5.00 (5.00)
    70.00 (70.00) 70.00 (70.00) 70.00 (70.00)
    50.00 (55.00) 55.00 (67.00) 67.00 (76.00)
    (15.00) 15.00 (15.00) 17.00 (17.00) 18.00

    0.00 0.00 0.00 0.00 0.00 0.00 0.00

    MW WM MV WM MV WM

    '2021 (YTD) Period 1'2022 (YTD) (following year)

    Reverse
    P12'2021
    (Reverse Prior P1'2022
    WD 1 WD 2 year) Activities C+6 WD-1
    h i j k l =i+k m
    (150.00) 155.00 (155.00) 50.00 205.00 (205.00)
    (30.00) 35.00 (35.00) 15.00 50.00 (50.00)
    5.00 (5.00) 5.00 (5.00) 5.00
    70.00 (70.00) 185.00 (185.00) 185.00
    125.00 (140.00) (100.00) (100.00) 100.00
    (20.00) 25.00 35.00 35.00 (35.00)

    0.00 0.00 0.00 0.00 0.00 0.00 0.00

    MW WM MD (New ?) WM MW
    TD)

    (YTD) (following year)

    WD-1 WD 1 WD 2

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