adjusting entries

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» adjusting entries

Question

Jan 16, 2007, 11:52 AM

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Join Date: Jan 2007

Posts: 1

adjusting entries

How & where do I do the adjusting entries that I had just received from my accountant for December 31st, 2005, for our company?

Answers

Jan 17, 2007, 01:22 AM	#2

CaptainForest Finance & Accounting Expert Join Date: Nov 2005 Location: Canada Posts: 3,672	The How part depends on what type. For example. Let’s say you must record $500 of depreciation on the company’s car. Dec. 31/06 Dr. Depreciation Expense 500 (goes to the Income Statement) Cr. Accumulated Depreciation – Car 500 (goes on the Balance Sheet)

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