Enter the trial balance on a worksheet and complete the worksheet.

E4-2 The adjusted trial balance columns of the worksheet for Goode Company are as follows

To complete the worksheet, you will need to work through the following steps:

Step 1: Organize the Trial Balance
Take the information from the adjusted trial balance columns and format it into a worksheet. There should be three main sections: the trial balance, adjustments, and adjusted trial balance columns.

Step 2: Transfer the Account Balances
Transfer the account balances from the adjusted trial balance columns to the appropriate sections of the worksheet.
a) In the trial balance section, list all the account names and their corresponding debit or credit balances.
b) In the adjustments section, record any adjustments made to the accounts. Adjustments can include accruals, deferrals, or correcting entries.
c) In the adjusted trial balance section, calculate the adjusted balances by adding or subtracting the adjustments from the trial balance.

Step 3: Calculate Totals
Calculate the totals for each column of the worksheet. This includes calculating the sum of the debit and credit balances in the trial balance, adjustments, and adjusted trial balance columns. These totals should be recorded at the bottom of their respective columns.

Step 4: Verify Equality
Verify that the totals of the debit and credit columns are equal. If they are not equal, review the calculations and make necessary adjustments until the totals balance.

Step 5: Prepare Financial Statements
Use the information from the adjusted trial balance to prepare financial statements, such as the income statement, statement of retained earnings, and balance sheet. These statements will provide a comprehensive view of the company's financial position.

Step 6: Double-Check Accuracy
Go back and double-check the accuracy of all calculations and entries on the worksheet. Ensure that all necessary adjustments have been recorded correctly and that the totals and account balances are accurate.

By following these steps, you will be able to complete the worksheet and have accurate financial statements for Goode Company.