Ask Experts Questions for FREE Help !
Ask
    molzer678's Avatar
    molzer678 Posts: 2, Reputation: 1
    New Member
     
    #1

    Jun 1, 2008, 07:31 PM
    Adjusting entries
    Which one of these pieces of information do I need to make an adjusting entry for and what is the entry?

    1) other expenses was charged during the year when supplies were purchased. Supplies on hand at 12/31/08 total 4,300. (Supplies currently in the supply account is 4,000.)

    2) on October 1, 2008 the company had paid 6,000 for a year's rent on its warehouse

    Thanks so much!
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #2

    Jun 3, 2008, 07:24 PM
    I answered this here:

    https://www.askmehelpdesk.com/accoun...es-222217.html

    Can you please not double-post as it just confuses things.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Adjusting Entries and Closing Entries [ 6 Answers ]

The Flash Pan Company manufactures cooking products. On August 1, 2007, the company borrowed $125,000 from creditors. Semiannual interest payments of $7,500 are to be made to creditors beginning January 31, 2008. On July 1, 2007, the company purchased a 1-year insurance policy for $10,000 and...

I need the adjusting entries [ 1 Answers ]

Inventory balance of $120,000 Cost of Goods Sold $240,000 Physical count on Dec. 31, 2000 - $92,000 of ending inventory Adjust the inventory records assuming that the perpetual inventory method is used.

Adjusting entries. [ 1 Answers ]

I've been working on this problem for almost two days and I cannot get this thing to balance... Potter Financial Services Unadjusted Trial Balance September 30, 20xx Debits Cash $20,000 Accts. Receivable 6,400 Office Supplies 1,000


View more questions Search