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Journal Entries Accrual Reversal Example

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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jyoti.narang1050
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16 views3 pages

Journal Entries Accrual Reversal Example

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.

Uploaded by

jyoti.narang1050
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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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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